Oasis Petroleum (OAS): Price Target and June Short Interest Disclosure

Oasis Petroleum (OAS) : The highest level Oasis Petroleum (OAS) is projected to reach is $16 for the short term and the lowest estimate is at $8. The consolidated price target from 22 rating analysts who initiate coverage on the stock is $11.41 and the possibility the share price can swing is $2.13.

Oasis Petroleum (OAS) has seen a rise of 134,356 shares or 0.5% in the short interest. The remaining shorts are 16.1% of the total floated shares. The net short interest, as on June 30,2016, stood at 28,204,839 shares and the stocks days to cover will be 3 by factoring in the average per day volume of 9,019,615 shares. On June 15,2016, 28,070,483 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, In a research note released to the investors, Deutsche Bank maintains its rating on Oasis Petroleum (NYSE:OAS).The analysts at the brokerage house have a current rating of Hold on the shares. In a recent information released to the investors, Deutsche Bank raises the new price target from $10 per share to $11 per share. The rating by the firm was issued on June 14, 2016.


Oasis Petroleum (NYSE:OAS): On Thursdays trading session , Opening price of the stock was $9.07 with an intraday high of $9.15. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $8.66. However, the stock managed to close at $8.68, a loss of 2.14% for the day. On the previous day, the stock had closed at $8.87. The total traded volume of the day was 7,454,393 shares.

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.

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