Shares of Oasis Petroleum Inc. (NYSE:OAS) have earned an average rating of “Buy” from the thirty-four brokerages that are currently covering the company. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, nineteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $12.91.

A number of analysts have weighed in on OAS shares. Goldman Sachs Group Inc. downgraded Oasis Petroleum from a “neutral” rating to a “sell” rating and decreased their price target for the stock from $8.75 to $8.50 in a report on Tuesday, October 18th. Citigroup Inc. upgraded Oasis Petroleum to a “strong-buy” rating and increased their price target for the stock from $14.00 to $17.00 in a report on Friday, August 5th. Raymond James Financial Inc. upgraded Oasis Petroleum from an “outperform” rating to a “strong-buy” rating and increased their price target for the stock from $14.00 to $17.00 in a report on Friday, August 5th. Nomura reiterated a “hold” rating and set a $17.00 price target on shares of Oasis Petroleum in a report on Monday, September 26th. Finally, Seaport Global Securities upgraded Oasis Petroleum from a “neutral” rating to an “accumulate” rating and increased their price target for the stock from $10.00 to $12.00 in a report on Tuesday, August 30th.

In other news, major shareholder Advisory Corp Spo sold 2,975,700 shares of Oasis Petroleum stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total transaction of $34,399,092.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Taylor L. Reid sold 25,000 shares of Oasis Petroleum stock in a transaction on Monday, September 26th. The stock was sold at an average price of $9.42, for a total transaction of $235,500.00. Following the sale, the chief operating officer now directly owns 1,199,341 shares of the company’s stock, valued at $11,297,792.22. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Teachers Advisors Inc. increased its stake in Oasis Petroleum by 34.4% in the first quarter. Teachers Advisors Inc. now owns 294,246 shares of the company’s stock worth $2,142,000 after buying an additional 75,283 shares in the last quarter. BlackRock Fund Advisors increased its stake in Oasis Petroleum by 24.8% in the first quarter. BlackRock Fund Advisors now owns 4,775,460 shares of the company’s stock worth $34,765,000 after buying an additional 949,589 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Oasis Petroleum by 22.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,448,756 shares of the company’s stock worth $32,387,000 after buying an additional 819,288 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Oasis Petroleum by 49.0% in the first quarter. JPMorgan Chase & Co. now owns 151,501 shares of the company’s stock worth $1,103,000 after buying an additional 49,832 shares in the last quarter. Finally, State Street Corp increased its stake in Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock worth $56,536,000 after buying an additional 1,388,971 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

Shares of Oasis Petroleum (NYSE:OAS) opened at 11.69 on Tuesday. The company’s market cap is $2.12 billion. Oasis Petroleum has a 12-month low of $3.40 and a 12-month high of $12.51. The company’s 50-day moving average price is $11.06 and its 200 day moving average price is $9.82.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.17) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.02. The business earned $177.13 million during the quarter, compared to the consensus estimate of $186.51 million. Oasis Petroleum had a negative return on equity of 2.98% and a negative net margin of 27.57%. Oasis Petroleum’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.09 earnings per share. Equities analysts predict that Oasis Petroleum will post ($0.60) earnings per share for the current year.

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, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.

5 Day Chart for NYSE:OAS

Receive News & Stock Ratings for Oasis Petroleum Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum Inc. and related stocks with our FREE daily email newsletter.