NEW YORK (TheStreet) -- Shares of Oasis Petroleum (OAS) - Get Report are falling 7.5% to $7.28 in midday trading Wednesday as oil prices hit a two-month low after U.S. data showed an unexpected rise in crude and gasoline inventories.
Crude oil (WTI) is retreating 2.26% to $41.95 per barrel and Brent crude is sinking 2.63% to $43.69 per barrel this afternoon.
The Energy Information Administration said domestic crude stocks increased by 1.7 million barrels, while analysts were expecting a decline of 2.3 million barrels, Reuters reports.
"A drop in refinery runs at the peak of summer driving season indicate refiners are dialing back amid faltering profit margins," Matt Smith, an analyst at oil cargoes tracker Clipperdata, told Reuters.
Oasis Petroleum is a Houston-based exploration and production company.
Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on the stock.
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.
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.
You can view the full analysis from the report here: OAS