The market has been high on Oasis Petroleum Inc. (OAS) stock recently. OAS gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With OAS Stock Today?
Oasis Petroleum Inc. (OAS) stock is trading at $99.50 as of 12:06 PM on Monday, Jun 21, an increase of $1.64, or 1.68% from the previous closing price of $97.86. The stock has traded between $97.84 and $100.98 so far today. Volume today is less active than usual. So far 128,393 shares have traded compared to average volume of 324,717 shares.
To see InvestorsObserver's Sentiment Score for Oasis Petroleum Inc. click here.
More About Oasis Petroleum Inc.
Oasis Petroleum Inc is a United States-based independent exploration and production company. The company operates in two segments: Exploration & Production(E&P), which is engaged in the acquisition and development of oil and gas properties; and Midstream. The Midstream segment includes services such as natural gas gathering, compression, processing, and gas lift supply; crude oil gathering, terminaling, and transportation; produced and flow back water gathering and disposal; and freshwater distribution. The company generates the majority of its revenue from the E&P segment.
Click Here to get the full Stock Score Report on Oasis Petroleum Inc. (OAS) Stock.
