Oasis Petroleum Inc (OAS): Today's Featured Energy Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Energy industry higher today making it today's featured energy winner. The industry as a whole closed the day down 0.6%. By the end of trading, Oasis Petroleum rose $0.46 (1.0%) to $45.37 on average volume. Throughout the day, 2,268,786 shares of Oasis Petroleum exchanged hands as compared to its average daily volume of 1,635,700 shares. The stock ranged in a price between $44.75-$45.37 after having opened the day at $45.01 as compared to the previous trading day's close of $44.91. Other companies within the Energy industry that increased today were:
(
), up 93.5%,
Andatee China Marine Fuel Services Corporat
(
), up 22.8%,
(
TheStreet Recommends
), up 14.1% and
(
), up 8.0%.
Oasis Petroleum Inc., an independent exploration and production company, engages in the acquisition and development of oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin. Its primary projects are located in West Williston, East Nesson, and Sanish. Oasis Petroleum has a market cap of $4.1 billion and is part of the basic materials sector. Shares are up 38.8% year to date as of the close of trading on Thursday. Currently there are 16 analysts that rate Oasis Petroleum a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
Oasis Petroleum
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
- You can view the full Oasis Petroleum Ratings Report.
On the negative front,
(
), down 13.6%,
(
), down 12.9%,
(
), down 10.0% and
(
), down 8.6% , were all laggards within the energy industry with
Petroleo Brasileiro SA Petrobras
(
) being today's energy industry laggard.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
(
) while those bearish on the energy industry could consider
(
).
- Find other investment ideas from our top rated ETFs lists.
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