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Oasis (OAS) in Focus: Stock Moves 7.6% Higher

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Oasis Petroleum Inc. OAS was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 21.6% in the past one-month time frame.

The company has seen five 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 currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Oasis Petroleum Inc. Price

A better-ranked stock in the Oil and Gas - Exploration and Production - United States industry is Montage Resources Corporation MR, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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