Oasis Petroleum (OAS) : During the past 4 weeks, traders have been relatively bearish on Oasis Petroleum (OAS), hence the stock is down -8.37% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -10.87% relative to the S&P 500. The 4-week change in the price of the stock is -10.22% and the stock has fallen -10.4% in the past 1 week.
The stock has recorded a 20-day Moving Average of 6.59% and the 50-Day Moving Average is 2.54%.The 200 Day SMA reached 12.93% Oasis Petroleum Inc. has dropped 9.78% during the last 3-month period . Year-to-Date the stock performance stands at 25.1%.
Oasis Petroleum (OAS) : 20 investment research analysts covering Oasis Petroleum (OAS) have an average price target of $12.3 for the near short term. The highest target price given by the Brokerage Firm to the stock is $17 and the lowest target is $9 for the short term. Analysts expect the variance to be within $2.32 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Oasis Petroleum (NYSE:OAS): The stock opened at $8.97 and touched an intraday high of $9.27 on Friday. During the day, the stock corrected to an intraday low of $8.851, however, the bulls stepped in and pushed the price higher to close in the green at $9.22 with a gain of 1.10% for the day. The total traded volume for the day was 7,673,268. The stock had closed at $9.22 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.