Oasis Petroleum (OAS) Stock Tumbled Today with Oil Prices

Shares of Oasis Petroleum (OAS) fell sharply today as oil struggled.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Oasis Petroleum (OAS) - Get Report  closed down 6.82% to $8.55 today on higher volume trade as oil prices fell.

Over 10.5 million shares were exchanged today vs. the stock's average trading volume of 9.5 million shares per day.

Crude oil (WTI) fell 4.7% to $45.20 per barrel with Brent crude following suit, down 4.73% to $46.49 per barrel.

Oil fell to a two-month low today after the U.S. government released data showing a smaller-than-anticipated weekly decline in oil inventories.

The report also showed that total domestic oil production fell by 194,000 barrels to 8.43 million barrels per day.

Separately, TheStreet Ratings rated this stock as a "sell" with a ratings score of D.

The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, weak operating cash flow, generally disappointing historical performance in the stock itself and disappointing return on equity.

You can view the full analysis from the report here: OAS

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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