NEW YORK (TheStreet) -- Oasis Petroleum  (OAS) - Get Report stock is down by 8.41% to $4.52 in late morning trading on Tuesday as oil prices retreat and affect energy stocks. 

Oil prices are falling after Saudi Oil Minister Ali Al-Naimi said the country would not reduce its oil production, Reuters reports. OPEC members are considering a freeze on oil production in order to boost the price of oil.

However, some industry experts doubt that the proposed freeze would boost prices, according to Reuters

"If they freeze production at January levels when you're already over supplied by around a million barrels per day, it just prolongs that situation of oversupply," EnergyAspects analyst Dominic Haywood told Reuters.

Crude oil (WTI) is falling by 4.94% to $31.74 per barrel and Brent oil is declining by 4.18% to $33.24 per barrel, according to the index. 

Based in Houston, Oasis Petroleum is an energy exploration and production company.

Separately, TheStreet Ratings has set a "hold" rating and a score of C- on Oasis Petroleum stock. The primary factors that have impacted the 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.

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The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, TheStreet Ratings also finds weaknesses including generally higher debt management risk, disappointing return on equity and weak operating cash flow.

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

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