Oasis Petroleum (OAS) Showing Signs Of A Dead Cat Bounce Today

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.

Trade-Ideas LLC identified Oasis Petroleum ( OAS) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Oasis Petroleum as such a stock due to the following factors:

  • OAS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $120.0 million.
  • OAS has traded 138,237 shares today.
  • OAS is up 3.1% today.
  • OAS was down 5.6% yesterday.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in OAS with the Ticky from Trade-Ideas. See the FREE profile for OAS NOW at Trade-Ideas

More details on OAS:

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. OAS has a PE ratio of 3.5. Currently there are 8 analysts that rate Oasis Petroleum a buy, no analysts rate it a sell, and 10 rate it a hold.

The average volume for Oasis Petroleum has been 9.9 million shares per day over the past 30 days. Oasis has a market cap of $2.5 billion and is part of the basic materials sector and energy industry. The stock has a beta of 1.76 and a short float of 23.4% with 4.07 days to cover. Shares are up 7.6% year-to-date as of the close of trading on Monday.

If you liked this article you might like

Roku, Nucana and Other IPOs That Should Be on Your Radar in 2017

Energy M&A Weekly: More Midstream IPOs Expected in 2017

Tesla and Apple Better Deliver Big-Time or Look Out Below -- Week Ahead

This Oil Rally Will Sustain Itself Into Year-End

Oil Needs Help to Keep This Market Running