Price Target Update on Oasis Petroleum (NYSE:OAS)

Oasis Petroleum (NYSE:OAS) : The most positive equity analysts on Oasis Petroleum (NYSE:OAS) expects the shares to touch $16, whereas, the least positive believes that the stock will trade at $8 in the short term. The company is covered by 22 Wall Street Brokerage Firms. The average price target for shares are $11.27 with an expected fluctuation of $2.19 from the mean.

Other Equity analysts have also commented on the company shares. Deutsche Bank maintains its view on Oasis Petroleum (NYSE:OAS) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $10 per share to $11 per share on Oasis Petroleum . The rating by the firm was issued on June 14, 2016.

Oasis Petroleum (NYSE:OAS): stock turned positive on Thursday. Though the stock opened at $10.74, the bulls momentum made the stock top out at $10.81 level for the day. The stock recorded a low of $10.58 and closed the trading day at $10.78, in the green by 2.76%. The total traded volume for the day was 5,314,999. The stock had closed at $10.49 in the previous days trading.

The company shares have dropped -35.21% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $16.21 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.92 and the 200 Day Moving Average price is recorded at $7.71. On the companys insider trading activities, The director officer (President and COO), of Oasis Petroleum Inc., Reid Taylor L had unloaded 50,000 shares at $10.15 per share in a transaction on May 25, 2016. The total value of transaction was $507,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. The Companys core projects include Williston Basin, West Williston, East Nesson and Sanish. The Williston basin produces oil and natural gas from various producing horizons, including the Bakken, Three Forks, Madison and Red River formations. The Company controls 357,584 net acres in the West Williston project area. The Company controls 147,919 net acres in the East Nesson project area. The Company also operates an oil and gas marketing business through Oasis Petroleum Marketing LLC, a well services business through Oasis Well Services LLC and a midstream services business through Oasis Midstream Services LLC.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.