An interesting stock that came up in some of our conversations today is Oasis Petroleum Inc. (NYSE:OAS). At current price of $5.49, the shares have already lost -0.14 points (-2.49% lower) from its previous close of $5.63. Should you buy or avoid them? The stock sets an active trading volume day with a reported 4307890 contracts so far this session. OAS shares had a relatively better volume day versus average trading capacity of 10.59 million shares, but with a 0.28 billion float and a 6.03% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for OAS stock indicates that the average analyst price target is $8.83 per share. This means the stock has a potential increase of 60.84% from where the OAS share price has been trading recently which is between $5.51 and $5.725. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $5.
The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “This Ultra-High-Yield Dividend Stock Is Starting to Look Quite Compelling” and dated May 15, 2019.
During the recent trading session for Oasis Petroleum Inc. (NYSE:OAS), the company witnessed their stock rise $0.22 over a week and tumble down $-1.1 from the price 20 days ago. When compared to their established 52-week high of $14.57, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 10/01/18. The recent low of $4.74 stood for a -62.32% since 12/26/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 2.12 is also allocated to the stock. Since the beta is greater than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for Oasis Petroleum Inc., the two-week RSI stands at 43.68. This figure suggests that OAS stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current OAS readings is similarly very revealing as it has a stochastic reading of 45.24% at this stage. This figure means that OAS share price today is being neutral.
Technical chart claims that Oasis Petroleum Inc. (OAS) would settle between $5.73/share to $5.84/share level. However, if the stock price goes below the $5.52 mark, then the market for Oasis Petroleum Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $5.41 for its downside target. The stock is currently in the green zone of MACD, with the indicator reading 0.2. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at CapitalOne raised their recommendation on shares of OAS from Underweight to Equal Weight in their opinion released on March 20. Citigroup analysts have lowered their rating of Oasis Petroleum Inc. (NYSE:OAS) stock from Buy to Neutral in a separate flash note issued to investors on January 23. Analysts at Piper Jaffray lowered the stock to a Neutral call from its previous Overweight recommendation, in a research note that dated back to January 09.
OAS equity has an average rating of 2.38, with the figure leaning towards a bullish end. 29 analysts who tracked the company were contacted by Reuters. Amongst them, 17 rated the stock as a hold while the remaining 12 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 12 analysts rated Oasis Petroleum Inc. (NYSE:OAS) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, OAS stock price is currently trading at 12.6X forward 12-month Consensus EPS estimates, and its P/S ratio is 0.73 while for the average stock in the same group, the multiple is 94.71.
Oasis Petroleum Inc. (OAS)’s current-quarter revenues are projected to climb by nearly -2.9% to hit $486780, based on current Zacks Consensus Estimate. The firm’s full-year revenues are expected to expand by over -5.42% from $2.07 billion to a noteworthy $1.96 billion. At the other end of the current quarter income statement, Oasis Petroleum Inc. is expected to see its adjusted earnings surge by roughly -30% to hit $0.07 per share. For the fiscal year, OAS’s earnings are projected to climb by roughly -3.85% to hit $0.25 per share.