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Oasis Petroleum Inc. Falls (OAS): Stock Goes Down 5.2%
February 05, 2014

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Oasis Petroleum Inc. (OAS - Free Report) saw a big move last session, as the company’s shares fell more than 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for OAS, as the stock is now down more than 12% since Jan 22.
This slump shouldn’t be too much of a surprise to investors, as the company has seen 4 negative revisions and 3 positive revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

BRO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Some better-ranked stocks in the basic material sector include Athlon Energy Inc. , Cabot Oil & Gas Corporation (COG - Free Report) and Cheniere Energy, Inc. (LNG - Free Report) . All these stocks carry a Zacks Rank #1 (Strong Buy).

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