Oasis Petroleum (OAS) has an average broker rating of 2.26, which is interpreted as a Buy, as rated by 23 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 13 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Oasis Petroleum (OAS) : Average target price received by Oasis Petroleum (OAS) is $11.27 with an expected standard deviation of $2.19. The most aggressive target on the stock is $16, whereas the most downbeat target is $8. 22 financial analysts are currently covering the stock.
Oasis Petroleum (NYSE:OAS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $8.90 and $8.89 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.17, notching a gain of 1.78% for the day. The total traded volume was 7,815,516 . The stock had closed at $9.01 on the previous day.
Also, Deutsche Bank maintains their rating on the shares of Oasis Petroleum (NYSE:OAS). The current rating of the shares is Hold. Equity Analysts at the Firm raises the price target to $11 per share from $10 per share. The rating by the firm was issued on June 14, 2016. The company shares have dropped -31.22% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $14.15 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.05 and the 200 Day Moving Average price is recorded at $7.75.
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.