Oasis Petroleum (OAS) : 21 analysts are covering Oasis Petroleum (OAS) and their average rating on the stock is 2.05, which is read as a Buy. 9 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Oasis Petroleum (OAS) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Oasis Petroleum (OAS) : The consensus price target for Oasis Petroleum (OAS) is $12.1 for the short term with a standard deviation of $2.1. The most optimist securities analyst among the 20 who monitor the stock believes that the stock can reach $17, however, the pessimist price target for the company is $9.
Also, Seaport Global upgrades its rating on Oasis Petroleum (NYSE:OAS). Analysts at the Seaport Global have a current rating of Accumulate on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 30, 2016.
Oasis Petroleum (NYSE:OAS): The stock opened in the green at $9.26 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $9.48 and a low of $9.1 for the day. The stock did not find buyers even at the lows and closed at $9.12 recording a loss of -0.22%. 9,612,250 shares exchanged hands during the trading day. The stock had closed at $9.14 in the previous days trading.
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.