NEW YORK (TheStreet) -- Oasis Petroleum (OAS) shares are down 1.48% to $16.84 on Tuesday a day after the oil company fell 5.8% in intraday trading on Monday.
The stock is suffering due to falling oil prices that saw the price of a barrel of crude drop to a five year low of $63.72. In response to the drop, analysts at Global Hunter Securities downgraded the stock to "neutral" from "buy" in a note released today.
The company has seen 12 downward analyst revisions over the last four weeks since the release of its third quarter earnings results, though the company has outperformed its peers in terms of year over year quarterly revenue growth, showing growth of 21% compared to the industry average of 12%.
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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 robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. 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."