Oasis Petroleum Inc. with ticker code (OAS) have now 17 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 3 and 0 with a mean TP of 0.64. Given that the stocks previous close was at 0.53 this would indicate that there is a potential upside of 20.8%. The 50 day MA is 0.5 while the 200 day moving average is 1.59. The market capitalisation for the company is $185m. Company Website: http://www.oasispetroleum.com
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin. As of December 31, 2019, the company had 408,117 net leasehold acres in the Williston Basin; and 24,995 net leasehold acres in the Delaware Basin, as well as approximately 286.4 million barrels of oil equivalent of estimated net proved reserves. It also operates midstream services business. The company sells its crude oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. Oasis Petroleum Inc. was founded in 2007 and is headquartered in Houston, Texas.