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Downgrade Alert for Oasis Petroleum (OAS)

By Amy Schwartz

Oasis Petroleum (NYSE:OAS) was downgraded from Buy to Hold at Deutsche Bank today. The stock closed yesterday at $41.73 on volume of 1.2 million shares, below average daily volume of 2.0 million.

Oasis Petroleum (NYSE:OAS) has potential upside of 31.8% based on a current price of $41.73 and analysts' consensus price target of $55.00. The stock should run into initial resistance at its 50-day moving average (MA) of $42.06 and subsequent resistance at its 200-day MA of $44.42.

Oasis Petroleum Inc., is an independant exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.

In the past 52 weeks, shares of Oasis Petroleum have traded between a low of $31.58 and a high of $57.33 and closed yesterday at $41.73, which is 32% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 0.29% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Oasis Petroleum and will alert subscribers who have OAS in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades oasis petroleum

Ticker(s): OAS