Skip to main content

NEW YORK (TheStreet) -- Shares of Oasis Petroleum (OAS) - Get Oasis Petroleum Inc. Report are down by 1.31% to $6.79 on Tuesday morning, as the decline in oil prices results in a dip in the energy sector.

The price of the commodity is falling as investors are still concerned about the rising supply of oil, as it seems the two month rally is fading, Reuters reports. Representatives from the world's major producers will meet next month to discuss freezing output.

There is doubt as to whether or not the outcome of the meeting in Doha on April 17 will result in a freeze.

"Verbal intervention, which has obviously helped the market greatly over the past two months, combined with a production slowdown in the U.S., has probably taken (oil) as far as it can. Now the market really wants to see some action," Saxo Bank senior manager Ole Hansen told Reuters.

Crude oil (WTI) is sliding by 3.35% to $38.07 per barrel and Brent crude is tumbling by 3.5% to $38.86 per barrel.

Scroll to Continue

TheStreet Recommends

Oasis Petroleum is a Houston-based independent exploration and production company focused on acquiring and developing unconventional oil and natural gas resources.

Separately, TheStreet Ratings has set a "sell" rating and a score of D on Oasis Petroleum stock. This is driven by multiple weaknesses, which TheStreet Ratings believes should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks it covers.

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 generally high debt management risk.

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

Image placeholder title