Oasis Petroleum (OAS) : Average target price received by Oasis Petroleum (OAS) is $12.15 with an expected standard deviation of $2.13. The most aggressive target on the stock is $17, whereas the most downbeat target is $9. 20 financial analysts are currently covering the stock.
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.
Also, Equity analysts at the Brokerage firm BMO Capital downgrades its rating on Oasis Petroleum (NYSE:OAS). The rating major has initiated the coverage with market perform rating on the shares. Earlier, the shares were rated a Outperform by the brokerage firm. The rating by the firm was issued on August 23, 2016.
Oasis Petroleum (NYSE:OAS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.38 and $9.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.52. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.49, notching a gain of 0.11% for the day. The total traded volume was 8,942,619 . The stock had closed at $9.48 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.