Oasis Petroleum Inc. (NYSE:OAS)’s share price gapped up prior to trading on Tuesday after KeyCorp raised their price target on the stock from $12.00 to $18.00. The stock had previously closed at $13.95, but opened at $13.40. KeyCorp currently has an overweight rating on the stock. Oasis Petroleum shares last traded at $12.63, with a volume of 9,704,130 shares traded.

OAS has been the topic of a number of other research reports. Canaccord Genuity reaffirmed a “hold” rating and set a $9.50 price objective on shares of Oasis Petroleum in a research note on Tuesday, October 18th. Piper Jaffray Cos. raised shares of Oasis Petroleum from a “neutral” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research note on Wednesday, October 19th. Simmons raised shares of Oasis Petroleum from a “neutral” rating to an “overweight” rating in a research note on Wednesday, October 19th. Bank of America Corp. raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Monday, October 24th. Finally, Wunderlich raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $14.00 in a research note on Wednesday, November 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nineteen have issued a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $13.09.

In related news, COO Taylor L. Reid sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer now owns 1,199,341 shares in the company, valued at $11,297,792.22. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Advisory Corp Spo sold 2,975,700 shares of the business’s stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $11.56, for a total value of $34,399,092.00. The disclosure for this sale can be found here. Insiders own 2.50% of the company’s stock.

Large investors have recently bought and sold shares of the company. IFP Advisors Inc boosted its stake in Oasis Petroleum by 0.9% in the second quarter. IFP Advisors Inc now owns 10,800 shares of the company’s stock valued at $101,000 after buying an additional 100 shares during the last quarter. CSS LLC IL acquired a new stake in Oasis Petroleum during the third quarter valued at $115,000. Usca Ria LLC acquired a new stake in Oasis Petroleum during the third quarter valued at $118,000. Seven Eight Capital LLC acquired a new stake in Oasis Petroleum during the first quarter valued at $126,000. Finally, Advisory Services Network LLC boosted its stake in Oasis Petroleum by 10.5% in the second quarter. Advisory Services Network LLC now owns 13,700 shares of the company’s stock valued at $128,000 after buying an additional 1,300 shares during the last quarter. Hedge funds and other institutional investors own 72.41% of the company’s stock.

The firm’s market capitalization is $3.11 billion. The firm has a 50 day moving average of $11.53 and a 200-day moving average of $10.01.

Oasis Petroleum (NYSE:OAS) last released its quarterly earnings data on Monday, November 7th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.02. The company had revenue of $177.13 million for 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%. The company’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.09 EPS. On average, equities analysts forecast that Oasis Petroleum Inc. will post ($0.58) EPS for the current year.

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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, 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.

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