Oasis Petroleum Inc. has nearly 7 analysts in total covering the stock. The consensus rating is Hold. The range between the high target price and low target price is between 0.8 and 0 calculating the mean target price we have 0.51. With the stocks previous close at 38.95 this indicates there is a potential downside of -98.7%. The day 50 moving average is 23.03 and the 200 day MA is 6.24. The market cap for the company is $770m.
Oasis Petroleum Inc an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin and the Texas region of the Delaware Basin. As of December 31, 2019, the company had 408,117 net leasehold acres in the Williston Basin; and 24,995 net leasehold acres in the Delaware Basin, as well as approximately 286.4 million barrels of oil equivalent of estimated net proved reserves. It also operates a midstream services business.
The company sells its crude oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. Oasis Petroleum Inc. was founded in 2007 and is headquartered in Houston, Texas. The petroleum company is getting out of the Permian Basin business after emerging from bankruptcy, naming a new CEO and making a big acquisition in recent months. The company has sold its entire position for a total potential consideration of $481 million. Nearly $406 million will be paid upon the closing of the deal, with three additional $25 million payments dependent on West Texas Intermediate prices averaging $60 a barrel in each calendar year from 2023 to 2025.