The stock of Oasis Petroleum Inc. (NYSE:OAS) hit a new 52-week high and has $18.82 target or 42.00% above today’s $13.25 share price. The 6 months bullish chart indicates low risk for the $3.28B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $18.82 price target is reached, the company will be worth $1.38B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 7.97M shares traded hands. Oasis Petroleum Inc. (NYSE:OAS) has risen 35.04% since April 19, 2016 and is uptrending. It has outperformed by 31.18% the S&P500.
Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage
Out of 27 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 17 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 63% are positive. Oasis Petroleum Inc. has been the topic of 79 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Tuesday, January 26, the company rating was maintained by Susquehanna. The company was maintained on Wednesday, September 14 by Deutsche Bank. The rating was downgraded by Wunderlich to “Hold” on Thursday, January 28. The firm has “Neutral” rating by Seaport Global given on Tuesday, June 7. The firm has “Accumulate” rating by Seaport Global given on Tuesday, August 30. The firm has “Strong Buy” rating given on Friday, August 5 by Raymond James. Citigroup maintained it with “Sell” rating and $9 target price in Monday, September 14 report. The firm has “Buy” rating given on Wednesday, November 9 by Wunderlich. Seaport Global upgraded Oasis Petroleum Inc. (NYSE:OAS) on Wednesday, March 30 to “Buy” rating. The stock of Oasis Petroleum Inc. (NYSE:OAS) has “Market Perform” rating given on Tuesday, August 23 by BMO Capital Markets.
According to Zacks Investment Research, “Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. The Company is currently focused on exploiting resource potential from the Bakken and Three Forks formations, which are present across a substantial majority of its acreage. Oasis Petroleum Inc. is based in Houston, Texas.”
Insitutional Activity: The institutional sentiment increased to 1.44 in Q2 2016. Its up 0.24, from 1.2 in 2016Q1. The ratio improved, as 40 funds sold all Oasis Petroleum Inc. shares owned while 56 reduced positions. 48 funds bought stakes while 67 increased positions. They now own 155.56 million shares or 0.09% more from 155.43 million shares in 2016Q1.
State Board Of Administration Of Florida Retirement System accumulated 99,403 shares or 0% of the stock. Henderson Public Ltd holds 0.01% or 146,686 shares in its portfolio. Brenham Capital Mngmt Limited Partnership has invested 6.22% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Paloma Ptnrs Management has 22,639 shares for 0% of their US portfolio. Citadel Lc accumulated 0.01% or 935,065 shares. Parametric Associate Ltd Liability has 404,541 shares for 0.01% of their US portfolio. Aperio Gp Limited Liability Co has invested 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Los Angeles Cap Equity accumulated 49,490 shares or 0% of the stock. Hartford Financial Mngmt Incorporated holds 0% or 190 shares in its portfolio. Renaissance Tech Ltd Llc has 0.02% invested in the company for 1.10 million shares. Morgan Stanley last reported 0% of its portfolio in the stock. Goldman Sachs Grp holds 0% or 1.56 million shares in its portfolio. Geode Management Llc accumulated 1.18M shares or 0.01% of the stock. Hermes Inv Ltd holds 3.72 million shares or 0.7% of its portfolio. Prudential accumulated 0.02% or 1.21 million shares.
Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 3 insider sales for $36.42 million net activity. $34.40M worth of shares were sold by SPO ADVISORY CORP on Tuesday, October 4. Shares for $507,500 were sold by Reid Taylor L. The insider Nusz Thomas B sold $1.78 million.
Another recent and important Oasis Petroleum Inc. (NYSE:OAS) news was published by Seekingalpha.com which published an article titled: “Oasis Petroleum: Some Things To Work On” on November 10, 2016.
OAS Company Profile
Oasis Petroleum Inc., incorporated on February 25, 2010, is an independent exploration and production company. The Firm 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 Company’s divisions include Exploration and Production, Well Services, and Midstream Services. The exploration and production segment is engaged in the acquisition and development of oil and natural gas properties. The well services business segment (OWS) performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA). The midstream services business segment (OMS) performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA. The Company’s projects include Williston Basin, West Williston and East Nesson. The Firm also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS).
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