Oasis Petroleum (NYSE:OAS) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report issued on Thursday, Marketbeat reports. They presently have a $11.00 price objective on the energy producer’s stock. Macquarie’s target price would suggest a potential upside of 37.33% from the stock’s current price.

Other research analysts also recently issued reports about the stock. Piper Jaffray Companies set a $14.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Monday, October 16th. Jefferies Group reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Oasis Petroleum in a report on Tuesday, October 3rd. Royal Bank of Canada set a $14.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Thursday, August 24th. KeyCorp set a $11.00 price objective on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Friday, October 20th. Finally, Cowen reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Oasis Petroleum in a report on Sunday, October 22nd. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. Oasis Petroleum currently has an average rating of “Hold” and an average target price of $12.50.

Oasis Petroleum (OAS) traded down $0.09 on Thursday, reaching $8.01. 19,912,960 shares of the company traded hands, compared to its average volume of 9,140,635. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $16.73. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The company had revenue of $304.70 million during the quarter, compared to the consensus estimate of $264.72 million. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. Oasis Petroleum’s revenue for the quarter was up 71.9% on a year-over-year basis. During the same period last year, the firm earned ($0.19) EPS. equities analysts expect that Oasis Petroleum will post -0.09 earnings per share for the current year.

In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $8.77, for a total value of $96,338.45. Following the sale, the vice president now directly owns 182,351 shares in the company, valued at approximately $1,599,218.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank raised its position in shares of Oasis Petroleum by 1.1% during the 2nd quarter. Amalgamated Bank now owns 29,623 shares of the energy producer’s stock valued at $238,000 after buying an additional 323 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in shares of Oasis Petroleum by 5.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 20,664 shares of the energy producer’s stock valued at $166,000 after buying an additional 1,089 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of Oasis Petroleum by 6.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock valued at $150,000 after buying an additional 1,100 shares in the last quarter. Bellwether Investment Group LLC raised its position in shares of Oasis Petroleum by 7.7% during the 2nd quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock valued at $166,000 after buying an additional 1,463 shares in the last quarter. Finally, Energy Opportunities Capital Management LLC raised its position in shares of Oasis Petroleum by 2.8% during the 2nd quarter. Energy Opportunities Capital Management LLC now owns 75,808 shares of the energy producer’s stock valued at $610,000 after buying an additional 2,062 shares in the last quarter. Institutional investors and hedge funds own 93.94% of the company’s stock.

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About Oasis Petroleum

Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.

Analyst Recommendations for Oasis Petroleum (NYSE:OAS)

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