Market Runner: Could Oasis Petroleum Inc. Lose its Strength? The Stock Reaches 52-Week High

Market Runner: Could Oasis Petroleum Inc. Lose its Strength? The Stock Reaches 52 Week High

The stock of Oasis Petroleum Inc. (NYSE:OAS) hit a new 52-week high and has $14.97 target or 7.00% above today’s $13.99 share price. The 6 months bullish chart indicates low risk for the $3.26B company. The 1-year high was reported on Nov, 30 by Barchart.com. If the $14.97 price target is reached, the company will be worth $228.20M 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 8.91 million shares traded hands. Oasis Petroleum Inc. (NYSE:OAS) has risen 12.69% since April 27, 2016 and is uptrending. It has outperformed by 7.47% the S&P500.

Analysts await Oasis Petroleum Inc. (NYSE:OAS) to report earnings on February, 22. They expect $-0.12 EPS, down 340.00% or $0.17 from last year’s $0.05 per share. After $-0.17 actual EPS reported by Oasis Petroleum Inc. for the previous quarter, Wall Street now forecasts -29.41% EPS growth.

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. $20 is the highest target while $3 is the lowest. The $11.70 average target is -16.37% below today’s ($13.99) stock price. Oasis Petroleum Inc. has been the topic of 79 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Tudor Pickering upgraded Oasis Petroleum Inc. (NYSE:OAS) on Thursday, October 20 to “Buy” rating. As per Tuesday, June 7, the company rating was downgraded by Seaport Global. The firm has “Buy” rating by Jefferies given on Tuesday, May 10. The firm has “Buy” rating given on Friday, June 3 by Citigroup. The company was maintained on Wednesday, October 7 by Topeka Capital Markets. The rating was downgraded by UBS to “Neutral” on Tuesday, December 15. Piper Jaffray upgraded the shares of OAS in a report on Wednesday, October 19 to “Overweight” rating. The rating was upgraded by PiperJaffray on Wednesday, October 19 to “Overweight”. The rating was upgraded by Deutsche Bank on Thursday, November 10 to “Buy”. The rating was reinitiated by Ladenburg Thalmann on Wednesday, July 13 with “Buy”.

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 increased, 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.
Creative Planning has invested 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Next Fincl Gp Inc holds 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 250 shares. Glg L P, a United Kingdom-based fund reported 737,851 shares. Thrivent For Lutherans accumulated 477,490 shares or 0.02% of the stock. The California-based Analytic Ltd Liability Company has invested 0% in Oasis Petroleum Inc. (NYSE:OAS). Moreover, Cap Global Investors has 0.01% invested in Oasis Petroleum Inc. (NYSE:OAS) for 2.10M shares. Ranger Mgmt Lp holds 0.42% or 725,645 shares in its portfolio. Hbk Invs L P holds 0.01% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 88,800 shares. Carlson Ltd Partnership has invested 0.03% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS). Scepter last reported 0.75% of its portfolio in the stock. Wfg Advisors Limited Partnership reported 4,501 shares or 0.01% of all its holdings. Jefferies Gru Limited Liability Company holds 0% or 93,011 shares in its portfolio. Indexiq Lc, a New York-based fund reported 6,872 shares. Macquarie Group Inc has 3.03M shares for 0.06% of their US portfolio. King Luther Capital Mgmt has invested 0% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS).

Insider Transactions: Since August 10, 2016, the stock had 0 buys, and 3 sales for $36.42 million net activity. 25,000 Oasis Petroleum Inc. (NYSE:OAS) shares with value of $235,500 were sold by Reid Taylor L. Nusz Thomas B sold $1.78 million worth of stock or 200,000 shares. SPO ADVISORY CORP sold $34.40M worth of stock.

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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