NEW YORK (TheStreet) -- Shares of Oasis Petroleum (OAS) - Get Report were gaining 2.3% to $14.02 Monday as oil prices rebounded from recent losses.

West Texas crude oil for April delivery was gaining 1.9% to $50.56 a barrel Monday morning, and Brent crude oil for April delivery was gaining 0.3% to $59.91 a barrel.

Oil prices were rising due to a Genscape report on oil stock builds last week, according to Reuters. Genscape reports a 157,000 barrel increase in the amount of oil delivered at the Cushing, Oklahoma delivery point for the week that ended on March 6, below what analysts expected.

The report helped ease concerns over U.S. crude inventories hitting record highs for a ninth straight week, according to Reuters. The last Energy Information Administration report said that U.S. inventories grew by 10 million barrels to 444 million barrels for the week that ended on Feb. 27.

TheStreet Ratings team rates OASIS PETROLEUM INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate OASIS PETROLEUM INC (OAS) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and a generally disappointing performance in the stock itself."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Oil, Gas & Consumable Fuels industry. The net income increased by 223.9% when compared to the same quarter one year prior, rising from $54.49 million to $176.50 million.
• The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. In comparison to other companies in the Oil, Gas & Consumable Fuels industry and the overall market on the basis of return on equity, OASIS PETROLEUM INC has underperformed in comparison with the industry average, but has greatly exceeded that of the S&P 500.
• OAS's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 69.39%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Naturally, the overall market trend is bound to be a significant factor. However, in one sense, the stock's sharp decline last year is a positive for future investors, making it cheaper (in proportion to its earnings over the past year) than most other stocks in its industry. But due to other concerns, we feel the stock is still not a good buy right now.
• The debt-to-equity ratio of 1.44 is relatively high when compared with the industry average, suggesting a need for better debt level management. Along with this, the company manages to maintain a quick ratio of 0.44, which clearly demonstrates the inability to cover short-term cash needs.
• You can view the full analysis from the report here: OAS Ratings Report