Oasis Petroleum (OAS) : The money flow analysis of Oasis Petroleum (OAS) indicates a $12.68 million of outflow was on downticks, whereas, the investors on Friday gobbled up stocks worth $15.24 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.2 and so was the total money flow at $2.56 million. A solid up-down ratio of 2.31 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $3.05 million worth of block trades on upticks. Only $1.32 million worth of the stock exchanged hands on downticks. The money flow was $1.73 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of Oasis Petroleum (OAS), pushing it down by -3.11% for the day. The stock slid $0.26 and traded at $8.11 during the day. Nonetheless, the stock is -6.13% over the previous weeks close.
Oasis Petroleum (OAS) : 22 investment research analysts covering Oasis Petroleum (OAS) have an average price target of $11.82 for the near short term. The highest target price given by the Brokerage Firm to the stock is $16 and the lowest target is $9 for the short term. Analysts expect the variance to be within $2.08 of the average price.
Oasis Petroleum (NYSE:OAS): On Fridays trading session , Opening price of the stock was $8.4 with an intraday high of $8.498. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.99. However, the stock managed to close at $8.1, a loss of 3.23% for the day. On the previous day, the stock had closed at $8.37. The total traded volume of the day was 10,279,046 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (President and COO) of Oasis Petroleum Inc., Reid Taylor L had sold 50,000 shares worth of $507,500 in a transaction dated May 25, 2016. In this transaction, 50,000 shares were sold at $10.15 per share.
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.