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Enter Symbol:
Rating: OAS
Neutral $9
down 26.00 %

Oasis Petroleum Inc. (NYSE: OAS) downgraded to Neutral with price target $9 by UBS

Tuesday,  Dec 15, 2015  12:25 PM ET by Dave Ficere

UBS downgraded Oasis Petroleum Inc. (NYSE: OAS) to Neutral with price target $9. Previously UBS rated Buy with price target $14 Oasis Petroleum Inc.
(NYSE: OAS) on 11/04/2015, when the stock price was $11.91. Since then, Oasis Petroleum Inc.'s stock price has lost 26% as of 12/15/2015's recent price of $8.83.
If you would have followed the previous UBS's recommendation on OAS, you would have lost 26% of your investment in 41 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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.

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