Upgrade Alert for Oasis Petroleum (OAS)
Oasis Petroleum (NYSE:OAS) was upgraded from Neutral to Positive at Susquehanna today. The stock closed yesterday at $6.91 on volume of 11.3 million shares, above average daily volume of 11.2 million.
Oasis Petroleum Inc., is an independant exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources.
Oasis Petroleum has overhead space with shares priced $6.91, or 52.5% below the average consensus analyst price target of $14.53. The stock should run into initial resistance at its 50-day moving average (MA) of $7.80 and subsequent resistance at its 200-day MA of $8.78.
In the past 52 weeks, Oasis Petroleum share prices have been bracketed by a low of $3.39 and a high of $18.15 and closed yesterday at $6.91, 104% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 4.3% while the 200-day MA has slid 0.6%.
SmarTrend recommended that its subscribers protect gains by selling shares of Oasis Petroleum on July 8th, 2016 by issuing a Downtrend alert when the shares were trading at $8.57. Since that call, shares of Oasis Petroleum have fallen 11.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: analyst upgrades/downgrades oasis petroleum