• Return to Headlines

Upgrade Alert for Oasis Petroleum (OAS)

By Nick Russo

Oasis Petroleum (NYSE:OAS) was upgraded from Equalweight to Overweight at Capital One today. The stock closed yesterday at $11.19 on volume of 36.4 million shares, above average daily volume of 11.2 million.

Over the past year, Oasis Petroleum has traded in a range of $3.39 to $18.15 and closed yesterday at $11.19, 230% 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 advanced 4.3%.

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 $11.19, or 23.0% below the average consensus analyst price target of $14.53. Oasis Petroleum shares have support at the 200-day moving average (MA) of $8.78 and additional support at the 50-day MA of $7.80.

SmarTrend recommended that subscribers consider buying shares of Oasis Petroleum on August 5th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $8.46. Since that recommendation, shares of Oasis Petroleum have risen 24.9%. We continue to monitor OAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades oasis petroleum

Ticker(s): OAS