Zacks Rating on Oasis Petroleum (OAS)

Oasis Petroleum (OAS) : The consensus on Oasis Petroleum (OAS) based on 19 analyst recommendation on the company stock is 2.11, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 8 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 10 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

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 $11.95 and the expected standard deviation is $2.17.


Shares of Oasis Petroleum Inc. rose by 3.59% in the last five trading days and 28.87% for the last 4 weeks. Oasis Petroleum Inc. is up 1.66% in the last 3-month period. Year-to-Date the stock performance stands at 33.24%. Oasis Petroleum (NYSE:OAS): On Tuesdays trading session , Opening price of the stock was $9.52 with an intraday high of $10.115. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.51. However, the stock managed to close at $9.82, a loss of 0.51% for the day. On the previous day, the stock had closed at $9.87. The total traded volume of the day was 10,166,458 shares.

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.

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