Oasis Petroleum (OAS) has risen sharply, recording gains of 26.18% in the past 4 weeks. However, the stock has corrected -6.62% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 26.45% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 7.76% and the fifty day Moving Average is 6.9%. Oasis Petroleum Inc. has dropped 3.81% during the last three month period . Year-to-Date the stock performance stands at 30.12%.
Oasis Petroleum (OAS) has been rated by 19 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $9. The average forecast of all the analysts is $12 and the expected standard deviation is $2.24.
Oasis Petroleum (NYSE:OAS): stock turned positive on Friday. Though the stock opened at $9.61, the bulls momentum made the stock top out at $9.88 level for the day. The stock recorded a low of $9.51 and closed the trading day at $9.59, in the green by 0.52%. The total traded volume for the day was 7,534,965. The stock had closed at $9.54 in the previous days trading.
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.