Oasis Petroleum (NYSE:OAS) has been downgraded from Neutral to Sell in a statement by Goldman Sachs earlier today.
- Updated: October 18, 2016
Goldman Sachs has downgraded Oasis Petroleum (NYSE:OAS) from Neutral to Sell in a statement released on 10/18/2016.
On 10/06/2016, Mizuho Securities released a statement for Oasis Petroleum (NYSE:OAS) bumped up the target price from $0.00 to $15.00 that suggested an upside of 0.28%.
Boasting a price of $11.23, Oasis Petroleum (NYSE:OAS) traded -2.09% lower on the day. With the last stock price close up 16.03% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Oasis Petroleum has recorded a 50-day average of $10.34 and a two hundred day average of $9.48. Volume of trade was up over the average, with 17,231,650 shares of OAS changing hands over the typical 11,476,500
Recent Performance Chart
Oasis Petroleum has 52 week low of $3.40 and a 52 week high of $13.72 and has a market capitalization of $0.
In addition to Goldman Sachs reporting its stock price target, a total of 32 brokers have issued a research note on the company. The average stock price target is $11.16 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Oasis Petroleum (NYSE:OAS)
Oasis Petroleum Inc. is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company's oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company's oil and natural gas wells operated by OPNA. The Company's projects include Williston Basin, West Williston and East Nesson. It also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS).
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