Price Don’t Lie: What Next for Oasis Petroleum Inc. Stock After Today’s Significant Increase?

Price Don't Lie: What Next for Oasis Petroleum Inc. Stock After Today's Significant Increase?

The stock of Oasis Petroleum Inc. (NYSE:OAS) is a huge mover today! About 6.35M shares traded hands. Oasis Petroleum Inc. (NYSE:OAS) has risen 48.35% since April 5, 2016 and is uptrending. It has outperformed by 46.39% the S&P500.
The move comes after 5 months positive chart setup for the $2.70 billion company. It was reported on Nov, 8 by Barchart.com. We have $14.61 PT which if reached, will make NYSE:OAS worth $810.00M more.

Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage

Out of 27 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 15 rate it a “Buy”, 1 “Sell”, while 11 “Hold”. This means 56% are positive. Oasis Petroleum Inc. has been the topic of 77 analyst reports since July 21, 2015 according to StockzIntelligence Inc. BMO Capital Markets upgraded Oasis Petroleum Inc. (NYSE:OAS) on Monday, August 17 to “Outperform” rating. On Tuesday, August 30 the stock rating was upgraded by Seaport Global to “Accumulate”. Sterne Agee CRT downgraded the shares of OAS in a report on Thursday, January 28 to “Neutral” rating. The firm earned “Neutral” rating on Tuesday, January 5 by Citigroup. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, August 23 report. The firm has “Hold” rating by Deutsche Bank given on Tuesday, June 14. Topeka Capital Markets maintained the stock with “Buy” rating in Wednesday, January 20 report. The firm has “Buy” rating given on Friday, June 3 by Citigroup. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, January 29 report. Tudor Pickering upgraded the shares of OAS in a report on Thursday, October 20 to “Buy” rating.

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 decreased to 1.2 in 2016 Q2. Its down 0.13, from 1.33 in 2016Q1. The ratio turned negative, 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.
Voya Inv Management Ltd Liability Co, a Georgia-based fund reported 73,884 shares. California State Teachers Retirement last reported 373,343 shares in the company. Moreover, Meeder Asset Mngmt Incorporated has 0% invested in Oasis Petroleum Inc. (NYSE:OAS) for 5,777 shares. Royal London Asset Management Limited reported 208,522 shares or 0.03% of all its holdings. Victory Capital Mngmt, a Ohio-based fund reported 3.01 million shares. Financial Bank Of Montreal Can holds 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 424,983 shares. Macquarie Gru holds 0.06% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 3.03 million shares. Swiss Retail Bank, a Switzerland-based fund reported 278,150 shares. Invest Centers Of America Inc has invested 0.03% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Schroder Inv Gp accumulated 1.19 million shares or 0.02% of the stock. Deutsche Comml Bank Ag holds 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 217,354 shares. Aqr Mngmt holds 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 92,566 shares. Analytic Investors Limited Liability last reported 0% of its portfolio in the stock. Hermes Investment Limited has 0.7% invested in the company for 3.72 million shares. Sei Investments reported 202,961 shares or 0.01% of all its holdings.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 4 sales for $36.93 million net activity. 25,000 shares were sold by Reid Taylor L, worth $235,500. SPO ADVISORY CORP had sold 2.98M shares worth $34.40M on Tuesday, October 4. On Wednesday, August 10 Nusz Thomas B sold $1.78M worth of the stock or 200,000 shares.

More recent Oasis Petroleum Inc. (NYSE:OAS) news were published by: Nasdaq.com which released: “Earnings Reaction History: Oasis Petroleum Inc., 66.7% Follow-Through …” on November 07, 2016. Also Prnewswire.com published the news titled: “Oasis Petroleum Inc. Announces Public Offering of Common Stock” on October 18, 2016. Reuters.com‘s news article titled: “BRIEF-Oasis Petroleum Inc- announces public offering of 40 mln common shar…” with publication date: October 18, 2016 was also an interesting one.

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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