Analyst Rating Update on Oasis Petroleum (OAS)

Oasis Petroleum (OAS) : Zacks Investment Research ranks Oasis Petroleum (OAS) as 3, which is a Hold recommendation. 9 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 other analysts are mildly bullish on the stock and favor a Buy. A total of 12 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 24 research analysts is 2.13, which indicates as a Buy.

Oasis Petroleum (OAS) : The most positive equity analysts on Oasis Petroleum (OAS) expects the shares to touch $16, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 23 Wall Street Brokerage Firms. The average price target for shares are $11.74 with an expected fluctuation of $2.09 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Ladenburg Thalmann assumes the rating on Oasis Petroleum (NYSE:OAS). The brokerage firm has issued a Buy rating on the shares. The rating by the firm was issued on July 13, 2016.


Oasis Petroleum (NYSE:OAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.82 and $6.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.26, notching a gain of 6.76% for the day. The total traded volume was 16,636,430 . The stock had closed at $6.80 on the previous day.

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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