Wells Fargo Downgrades Oasis Petroleum (OAS) to Underweight

Wells Fargo downgraded Oasis Petroleum (NASDAQ: OAS) from Equal Weight to Underweight with a price target of $2.00.

The analyst comments "Oasis is a leading operator within the Bakken Shale oil play of the Williston Basin. Although OAS is viewed as a premier Bakken operator, its acquisition in the Delaware basin represents a shift in strategy, while increased leverage and the potential need for additional acquisitions is an overhang for shares."

For an analyst ratings summary and ratings history on Oasis Petroleum click here. For more ratings news on Oasis Petroleum click here.

Shares of Oasis Petroleum closed at $0.33 yesterday.

You May Also Be Interested In

• Wells Fargo Downgrades Roku Inc. (ROKU) to Equal Weight
• Blaize Inc. (BZAI) PT Lowered to $2 at Rosenblatt
• Citizens Downgrades Accelerant Holdings (ARX) to Market Perform