Oasis Petroleum Inc. (NASDAQ:OAS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $57.50 and last traded at $57.05, with a volume of 17033 shares changing hands. The stock had previously closed at $55.31.
Several brokerages have recently issued reports on OAS. Wells Fargo & Company upgraded Oasis Petroleum from an “equal weight” rating to an “overweight” rating in a research report on Friday, December 4th. Capital One Financial restated an “overweight” rating on shares of Oasis Petroleum in a research note on Wednesday, November 25th. Barclays restated a “hold” rating and set a $3.50 price target on shares of Oasis Petroleum in a research note on Friday, November 27th. Citigroup initiated coverage on Oasis Petroleum in a research note on Friday, January 15th. They set a “buy” rating for the company. Finally, Stifel Nicolaus initiated coverage on Oasis Petroleum in a research note on Friday, January 15th. They set a “buy” rating for the company. Eight analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $1.58.
The business has a fifty day moving average of $43.98 and a 200 day moving average of $24.83.
Oasis Petroleum Company Profile (NASDAQ:OAS)
Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin. As of December 31, 2019, the company had 408,117 net leasehold acres in the Williston Basin; and 24,995 net leasehold acres in the Delaware Basin, as well as approximately 286.4 million barrels of oil equivalent of estimated net proved reserves.
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