Oasis Petroleum (NASDAQ:OAS) Stock Price Down 8.9%

Oasis Petroleum Inc. (NASDAQ:OASGet Rating) was down 8.9% on Friday . The company traded as low as $138.22 and last traded at $138.22. Approximately 6,906 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 333,540 shares. The stock had previously closed at $151.73.

OAS has been the subject of several analyst reports. TheStreet upgraded shares of Oasis Petroleum from a “d+” rating to a “c-” rating in a research report on Thursday, February 24th. MKM Partners lifted their price target on shares of Oasis Petroleum from $170.00 to $178.00 and gave the stock a “buy” rating in a research report on Tuesday, March 8th. Truist Financial lifted their price target on shares of Oasis Petroleum from $207.00 to $225.00 in a research report on Thursday, April 21st. Piper Sandler lifted their price target on shares of Oasis Petroleum to $225.00 and gave the stock a “na” rating in a research report on Wednesday, May 18th. Finally, Royal Bank of Canada boosted their price objective on shares of Oasis Petroleum from $165.00 to $170.00 and gave the company an “outperform” rating in a report on Tuesday, March 1st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Oasis Petroleum presently has a consensus rating of “Buy” and an average price target of $188.50.

The business’s fifty day moving average is $149.36 and its 200-day moving average is $139.74. The firm has a market cap of $2.69 billion, a P/E ratio of 3.66 and a beta of 1.37. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.03 and a current ratio of 1.06.

The company also recently declared a dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st were issued a dividend of $2.94 per share. The ex-dividend date was Tuesday, May 31st. Oasis Petroleum’s payout ratio is 5.64%.

In other Oasis Petroleum news, Director Samantha Holroyd sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 31st. The shares were sold at an average price of $165.00, for a total transaction of $247,500.00. Following the completion of the transaction, the director now owns 14,000 shares in the company, valued at approximately $2,310,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.63% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of OAS. First Quadrant L P CA bought a new position in Oasis Petroleum during the 4th quarter valued at $41,000. Fieldpoint Private Securities LLC bought a new position in Oasis Petroleum during the 1st quarter valued at $78,000. Monolith Advisors bought a new position in Oasis Petroleum during the 4th quarter valued at $80,000. Captrust Financial Advisors lifted its stake in Oasis Petroleum by 209.7% during the 1st quarter. Captrust Financial Advisors now owns 700 shares of the company’s stock valued at $102,000 after acquiring an additional 474 shares in the last quarter. Finally, Sagefield Capital LP bought a new position in Oasis Petroleum during the 1st quarter valued at $108,000. 90.36% of the stock is owned by institutional investors and hedge funds.

Oasis Petroleum Company Profile (NASDAQ: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 United States. It engages in the acquisition and development of oil and gas properties. As of December 31, 2021, the company had 492,355 net leasehold acres in the Williston Basin.

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