Oasis Petroleum (OAS) has an average broker rating of 2.05, which is interpreted as a Buy, as rated by 21 equity analysts. Nonetheless, 9 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 10 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) : The consensus price target for Oasis Petroleum (OAS) is $12.15 for the short term with a standard deviation of $2.13. 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.
For the current week, the company shares have a recommendation consensus of Buy. Also, Seaport Global upgrades their rating on the shares of Oasis Petroleum (NYSE:OAS). The current rating of the shares is Accumulate. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on August 30, 2016.
Oasis Petroleum (NYSE:OAS): The stock opened at $10.34 and touched an intraday high of $10.4875 on Wednesday. During the day, the stock corrected to an intraday low of $10.19, however, the bulls stepped in and pushed the price higher to close in the green at $10.44 with a gain of 1.75% for the day. The total traded volume for the day was 8,760,967. The stock had closed at $10.26 in the previous trading session.
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.