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Oasis Petroleum (OAS) in Focus: Stock Moves 10.6% Higher

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Oasis Petroleum Inc. was a big mover last session, as the company saw its shares rise nearly 11% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 27.7% in the past one-month time frame.

The company has seen four negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Oasis Petroleum currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

 

A better-ranked stock in the Oils-Energy sector is Chaparral Energy, Inc. , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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