Oasis Petroleum Inc. will have 7 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 0.8 and 0 with a mean TP of 0.51. With the stocks previous close at 38.95, this indicates there is a potential downside of -98.7%. The 50-day moving average now sits at 23.03 while the 200-day moving average is 6.24. The market cap for the company is $770m.
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.
The day 50 moving average is 63.23 and the 200 moving average now moves to 37.09. The market capitalisation for the company is $1,476m.Oasis Midstream Partners LP successfully closed the acquisition of all remaining interests in Bobcat DevCo LLC and Beartooth DevCo LLC from Oasis Petroleum Inc. as well as eliminated the Partnership’s incentive distribution rights in exchange for $231.5 million cash and 14.8 million units for total consideration of approximately $512.5 million based on OMP’s 20-day volume-weighted average price ending on March 19, 2021.