Oasis Petroleum (OAS) is Upgraded by Citigroup to Neutral

Oasis Petroleum (OAS) is Upgraded by Citigroup to Neutral , according to the research report released to the investors. Earlier the firm had a rating of Sell on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Oasis Petroleum Inc. has dropped 19.8% during the last 3-month period . Year-to-Date the stock performance stands at -55.44%.The company shares have dropped -60.04% from its 1 Year high price. On Feb 9, 2015, the shares registered one year high at $19.63 and the one year low was seen on Dec 22, 2015. The 50-Day Moving Average price is $9.74 and the 200 Day Moving Average price is recorded at $11.11.

Oasis Petroleum Inc. (NYSE:OAS) has lost 7.41% during the past week and dropped 24.8% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 6.64%. Oasis Petroleum Inc. (NYSE:OAS) has underperformed the index by 23.04% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Oasis Petroleum Inc. (NYSE:OAS) : On Thursday heightened volatility was witnessed in Oasis Petroleum Inc. (NYSE:OAS) which led to swings in the share price. The shares opened for trading at $6.76 and hit $7.4 on the upside , eventually ending the session at $7.37, with a gain of 8.22% or 0.56 points. The heightened volatility saw the trading volume jump to 9,424,824 shares. The 52-week high of the share price is $19.63 and the company has a market cap of $1,025 million. The 52-week low of the share price is at $6.34 .

Currently the company Insiders own 3.4% of Oasis Petroleum Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.46% . During last six month period, the net percent change held by insiders has seen a change of -10.46%. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, The director officer (Chairman and CEO), of Oasis Petroleum Inc., Nusz Thomas B had unloaded 200,000 shares at $7.76 per share in a transaction on December 23, 2015. The total value of transaction was $1,552,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Oasis Petroleum Inc. is an exploration and production company. The Company focuses on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin. As of December 31, 2012, it has accumulated 335,383 net leasehold acres in the Williston Basin. It is exploiting resource potential from the Bakken and Three Forks formations, which are present across a substantial portion of its acreage. It has built its Williston Basin leasehold acreage position primarily through acquisitions and development in its three primary project areas: West Williston, East Nesson and Sanish. In 2012, it completed and placed on production 117 gross operated wells in the Williston Basin. It has three primary project areas: West Williston, East Nesson and Sanish. On October 1, 2013, the Company acquired certain assets in and around its position in North Dakota in its West Williston project area (the West Williston Acquisition).