Oasis Petroleum Inc. (NYSE:OAS) shares fell 0.4% during mid-day trading on Wednesday . The company traded as low as $3.99 and last traded at $4.01, 5,462,614 shares changed hands during trading. A decline of 51% from the average session volume of 11,073,668 shares. The stock had previously closed at $4.03.

A number of brokerages have issued reports on OAS. Piper Jaffray Companies set a $5.00 target price on Oasis Petroleum and gave the stock a “hold” rating in a report on Friday, August 16th. Williams Capital cut Oasis Petroleum from a “buy” rating to a “hold” rating and cut their price objective for the company from $7.50 to $5.00 in a report on Wednesday, August 7th. Barclays initiated coverage on Oasis Petroleum in a report on Friday, August 30th. They set an “equal weight” rating and a $3.50 price objective on the stock. Evercore ISI set a $9.00 price objective on Oasis Petroleum and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group cut their price objective on Oasis Petroleum from $7.00 to $5.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $7.72.

The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 14.36 and a beta of 2.20. The company has a 50-day simple moving average of $3.41 and a two-hundred day simple moving average of $5.02. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.79 and a current ratio of 0.84.

Oasis Petroleum (NYSE:OAS) last posted its earnings results on Tuesday, August 6th. The energy producer reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $529.41 million during the quarter, compared to the consensus estimate of $406.63 million. Oasis Petroleum had a net margin of 9.43% and a return on equity of 0.59%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.10 earnings per share. As a group, sell-side analysts predict that Oasis Petroleum Inc. will post 0.02 earnings per share for the current fiscal year.

In other Oasis Petroleum news, CEO Thomas B. Nusz acquired 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of $2.76 per share, with a total value of $82,800.00. Following the purchase, the chief executive officer now owns 1,830,332 shares in the company, valued at $5,051,716.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Taylor L. Reid acquired 45,060 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $2.76 per share, with a total value of $124,365.60. Following the purchase, the chief operating officer now owns 1,462,819 shares in the company, valued at approximately $4,037,380.44. The disclosure for this purchase can be found here. Insiders have bought 105,060 shares of company stock valued at $292,666 in the last three months. Corporate insiders own 1.70% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Carroll Financial Associates Inc. acquired a new position in Oasis Petroleum in the 2nd quarter valued at about $71,000. Magnus Financial Group LLC acquired a new position in Oasis Petroleum in the 2nd quarter valued at about $82,000. Piedmont Investment Advisors Inc. boosted its holdings in Oasis Petroleum by 28.5% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 15,252 shares of the energy producer’s stock valued at $92,000 after purchasing an additional 3,386 shares during the last quarter. Raymond James Trust N.A. acquired a new position in Oasis Petroleum in the 2nd quarter valued at about $89,000. Finally, Oakbrook Investments LLC acquired a new position in Oasis Petroleum in the 2nd quarter valued at about $108,000. 98.83% of the stock is owned by institutional investors.

Oasis Petroleum Company Profile (NYSE:OAS)

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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