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Enter Symbol:
 
Oasis Petroleum Inc. (OAS) [hlAlert]

Rating:
Outperform
OAS
down 72.89 %

Oasis Petroleum Inc. (OAS) rated Outperform by Wells Fargo

Posted on: Friday,  Jan 11, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Oasis Petroleum Inc. (NYSE: OAS) on 01/11/2013, when the stock price was $34.94. Since
then, Oasis Petroleum Inc. has lost 72.90% as of 01/28/2016's recent price of $9.47.
If you would have followed this Wells Fargo's recommendation on OAS, you would have lost 72.89% of your investment in 1112 days.

Oasis Petroleum Inc. is an independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas resources. The Company?s assets, which consist of proved and unproved oil and natural gas properties, are located primarily in the Montana and North Dakota areas of the Williston Basin, and are owned by Oasis Petroleum North America LLC (OPNA), a wholly owned subsidiary of the Company. As of December 31, 2010, the Company accumulated 303,231 net leasehold acres in the Williston Basin. The Company is focused on exploiting what it has identified as a resource potential from the Bakken and Three Forks formations, which are present across its acreage. During the year ended December 31, 2010, the Company drilled and completed 26 gross operated wells in the Williston Basin and found hydrocarbons. In Williston Basin the Company acquired three primary project areas: West Williston, East Nesson and Sanish.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/11/2013 8:25 AM Buy
None
34.94
as of 12/13/2013
1 Week down  -0.80 %
1 Month down  -11.99 %
3 Months up  4.35 %
1 YTD up  26.98 %

(*) Stock Price at the time of the recommendation.
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