Jefferies Group LLC reiterated their buy rating on shares of Oasis Petroleum Inc. (NYSE:OAS) in a research note issued to investors on Tuesday. Jefferies Group LLC currently has a $13.00 target price on the energy producer’s stock.

Other analysts have also issued reports about the stock. BidaskClub lowered shares of Oasis Petroleum from a sell rating to a strong sell rating in a research note on Wednesday, June 21st. UBS AG raised shares of Oasis Petroleum from a neutral rating to a buy rating and reduced their price objective for the company from $14.00 to $13.00 in a research note on Thursday, June 8th. Cowen and Company set a $14.00 price objective on shares of Oasis Petroleum and gave the company a buy rating in a research note on Monday, July 10th. Mizuho reaffirmed a hold rating and set a $10.00 price objective on shares of Oasis Petroleum in a research note on Friday, September 29th. Finally, Seaport Global Securities lowered shares of Oasis Petroleum from a buy rating to a neutral rating and reduced their price objective for the company from $18.00 to $7.00 in a research note on Wednesday, June 21st. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eighteen have given a buy rating to the company. Oasis Petroleum has an average rating of Hold and a consensus target price of $13.90.

Shares of Oasis Petroleum (NYSE:OAS) traded down 6.07% during midday trading on Tuesday, hitting $8.36. 6,908,087 shares of the stock were exchanged. The stock’s market cap is $1.98 billion. The stock’s 50-day moving average price is $8.02 and its 200 day moving average price is $9.64. Oasis Petroleum has a one year low of $6.69 and a one year high of $17.08.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.01. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The company had revenue of $254.10 million during the quarter, compared to analyst estimates of $255.41 million. During the same period in the prior year, the firm earned ($0.11) earnings per share. The business’s quarterly revenue was up 42.0% on a year-over-year basis. On average, analysts anticipate that Oasis Petroleum will post ($0.16) earnings per share for the current year.

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In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of the stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the transaction, the vice president now owns 182,351 shares in the company, valued at $1,599,218.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Taylor L. Reid sold 50,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the transaction, the insider now owns 1,175,727 shares in the company, valued at approximately $9,194,185.14. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its position in Oasis Petroleum by 1.3% during the first quarter. Dimensional Fund Advisors LP now owns 19,887,696 shares of the energy producer’s stock worth $283,596,000 after purchasing an additional 249,264 shares during the period. Vanguard Group Inc. boosted its position in Oasis Petroleum by 0.6% during the second quarter. Vanguard Group Inc. now owns 19,521,951 shares of the energy producer’s stock worth $157,152,000 after purchasing an additional 125,706 shares during the period. State Street Corp boosted its position in Oasis Petroleum by 24.3% during the second quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after purchasing an additional 1,931,992 shares during the period. Alliancebernstein L.P. boosted its position in Oasis Petroleum by 4.1% during the second quarter. Alliancebernstein L.P. now owns 6,855,946 shares of the energy producer’s stock worth $55,190,000 after purchasing an additional 270,140 shares during the period. Finally, Caymus Capital Partners L.P. boosted its position in Oasis Petroleum by 50.2% during the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after purchasing an additional 2,086,400 shares during the period. 93.57% of the stock is owned by hedge funds and other institutional investors.

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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