Begins Coverage on Oasis Petroleum (NYSE:OAS)

Research analysts at started coverage on shares of Oasis Petroleum (NYSE:OASGet Rating) in a report released on Saturday. The firm set a “hold” rating on the stock.

Oasis Petroleum Price Performance

NYSE OAS opened at $0.12 on Friday. The business’s fifty day moving average price is $0.12. Oasis Petroleum has a 1 year low of $79.31 and a 1 year high of $181.34.

Hedge Funds Weigh In On Oasis Petroleum

An institutional investor recently bought a new position in Oasis Petroleum stock. Inscription Capital LLC bought a new stake in Oasis Petroleum Inc. (NYSE:OASGet Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 570,062 shares of the company’s stock, valued at approximately $69,348,000. Oasis Petroleum comprises about 12.5% of Inscription Capital LLC’s investment portfolio, making the stock its biggest position. Inscription Capital LLC owned approximately 2.90% of Oasis Petroleum at the end of the most recent reporting period.

About Oasis Petroleum

(Get Rating)

Oasis Petroleum, Inc is an independent exploration and production company with quality and sustainable long-lived assets in the Williston and Delaware Basins. The Company is uniquely positioned with a best-in-class balance sheet and is focused on rigorous capital discipline and generating free cash flow by operating efficiently, safely and responsibly to develop its unconventional onshore oil-rich resources in the continental United States.

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