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Downgrade Alert for Oasis Petroleum (OAS)

By James Quinn

Oasis Petroleum (NYSE:OAS) was downgraded from Positive to Neutral at Susquehanna today. The stock closed yesterday at $15.43 on volume of 9.7 million shares, above average daily volume of 8.0 million.

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

Over the past year, Oasis Petroleum has traded in a range of $10.64 to $58.09 and closed yesterday at $15.43, 45% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.7%.

Oasis Petroleum (NYSE:OAS) has potential upside of 70.9% based on a current price of $15.43 and analysts' consensus price target of $26.37. The stock should run into initial resistance at its 50-day moving average (MA) of $21.38 and subsequent resistance at its 200-day MA of $40.68.

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