Large Outflow of Money Witnessed in Oasis Petroleum

Oasis Petroleum (OAS) : Wednesdays money flow analysis of Oasis Petroleum (OAS) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $50.54 million. In comparison, the inflow of money on upticks was a meager $43.96 million. The dollar value of composite uptick trades minus the downtick trades was negative $6.57 million. The uptick to downtick ratio of 0.87 in the money flow shows weakness. The uptick block trades were valued at $7.78 million. The downtick transaction value was high at $9.69 million, which denotes distribution on strength. The uptick to downtick ratio of block trades was 0.8. Hence, the net money flow in the stock was negative ($1.91 million). Oasis Petroleum (OAS) gained $1.26 at $10.44, a change of 13.73% over the previous days close.


Shares of Oasis Petroleum Inc. rose by 9.77% in the last five trading days and 7.51% for the last 4 weeks. Oasis Petroleum Inc. is up 4.81% in the last 3-month period. Year-to-Date the stock performance stands at 41.79%.

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 (NYSE:OAS): The stock opened at $9.33 and touched an intraday high of $10.71 on Wednesday. During the day, the stock corrected to an intraday low of $9.32, however, the bulls stepped in and pushed the price higher to close in the green at $10.45 with a gain of 13.83% for the day. The total traded volume for the day was 26,126,857. The stock had closed at $9.18 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.