Oasis Petroleum Inc. (OAS) had a good day on the market for Friday December 06 as shares jumped 6.88% to close at $2.64. About 12.94 million shares traded hands on 25,143 trades for the day, compared with an average daily volume of n/a shares out of a total float of 321.31 million. After opening the trading day at $2.51, shares of Oasis Petroleum Inc. stayed within a range of $2.70 to $2.47.
With today’s gains, Oasis Petroleum Inc. now has a market cap of $848.26 million. Shares of Oasis Petroleum Inc. have been trading within a range of $7.40 and $2.21 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Oasis Petroleum is an independent oil and gas producer in the United States. The company operates exclusively in the Williston Basin. At the end of 2018, the company reported net proven reserves of 321 million barrels of oil equivalent. Net production averaged 83,000 barrels of oil equivalent per day in 2018, at a ratio of 77% oil and 23% natural gas and NGLs.
Oasis Petroleum Inc. is based out of Houston, TX and has some 727 employees. Its CEO is Thomas Nusz.
Oasis Petroleum Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
