Guggenheim downgraded shares of Oasis Petroleum (NYSE:OAS) from a buy rating to a neutral rating in a report published on Wednesday.

A number of other research firms have also commented on OAS. KeyCorp reiterated an overweight rating on shares of Oasis Petroleum in a report on Wednesday, November 8th. Royal Bank of Canada reiterated an outperform rating and set a $13.00 price target (up from $12.00) on shares of Oasis Petroleum in a report on Thursday, November 9th. Cowen reiterated a buy rating and set a $12.00 price target on shares of Oasis Petroleum in a report on Friday, November 10th. Mizuho set a $11.00 price target on shares of Oasis Petroleum and gave the company a hold rating in a report on Saturday, November 25th. Finally, SunTrust Banks downgraded shares of Oasis Petroleum from a buy rating to a hold rating and set a $11.00 price objective on the stock. in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $12.50.

Oasis Petroleum (NYSE OAS) traded down $0.23 during trading hours on Wednesday, reaching $8.10. 45,951,700 shares of the company were exchanged, compared to its average volume of 9,095,748. Oasis Petroleum has a 52 week low of $6.69 and a 52 week high of $16.73. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72.

Oasis Petroleum (NYSE:OAS) last posted its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. Oasis Petroleum had a negative net margin of 5.23% and a negative return on equity of 1.29%. The company had revenue of $304.70 million during the quarter, compared to analyst estimates of $264.72 million. During the same period in the prior year, the business posted ($0.19) EPS. The firm’s revenue was up 71.9% compared to the same quarter last year. equities research analysts expect that Oasis Petroleum will post -0.09 EPS for the current fiscal year.

In other news, VP Nickolas J. Lorentzatos sold 10,985 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,599,218.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the company. Federated Investors Inc. PA purchased a new stake in shares of Oasis Petroleum in the 2nd quarter worth about $121,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Oasis Petroleum by 103.7% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after buying an additional 7,720 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Oasis Petroleum in the 3rd quarter worth about $142,000. Teacher Retirement System of Texas grew its position in shares of Oasis Petroleum by 6.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after buying an additional 1,100 shares during the period. Finally, Sei Investments Co. grew its position in shares of Oasis Petroleum by 16,797.3% in the 3rd quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock worth $174,000 after buying an additional 18,981 shares during the period. 93.94% of the stock is currently owned by hedge funds and other institutional investors.

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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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