Today's Research Reports on Trending Tickers: Oasis Petroleum and Whiting Petroleum
NEW YORK, NY / ACCESSWIRE / June 25, 2018 / U.S. markets were mixed Friday, with the Dow snapping an eight day losing streak as energy shares rallied. However, major indexes experienced weekly losses on trade-related news. The S&P 500 Index gained 0.19 percent to close at 2,754.88, ending the week 0.9 percent lower while the Nasdaq Composite dropped 0.26 percent to close at 7,692.82, down by 0.3 percent for the week. The Dow Jones Industrial Average increased 0.49 percent to close at 24,580.89, declining 2 percent for the week.
"We're seeing continued uncertainty around trade, but there's also a recognition that economic fundamentals remain strong, which could provide the kind of sturdy backdrop needed to support risk assets going forward," according to John Hancock Investments' head of capital markets research, Emily Roland.
"The fact that recent declines have essentially been mild may be a sign that investors don't believe we're headed for a full-out trade war. Rhetoric could still escalate, having a meaningful impact on businesses and consumers, but we're not there yet. We're still in a wait-and-see mode," she added. "There will be further negotiations, and we'll likely continue seeing choppiness as this gets hammered out."
RDI Initiates Coverage on:
Oasis Petroleum Inc.
https://rdinvesting.com/news/?ticker=OAS
Whiting Petroleum Corporation
https://rdinvesting.com/news/?ticker=WLL
Oasis Petroleum's stock jumped 9.11% Friday, to close the day at $13.78. The stock recorded a trading volume of 15,254,674 shares, which was above its three months average volume of 10,773,912 shares. In the last year, Oasis Petroleum's shares have traded in a range of 6.69 - 13.85. The share price has gained 105.98% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $12.48 is above its 200-day moving average of $9.66. Shares of the company are trading at a Price to Earnings ratio of 34.45. Shares of Oasis Petroleum have gained roughly 8.85 percent in the past month and are up 63.85 percent year-to-date.
Access RDI's Oasis Petroleum Inc. Research Report at:
https://rdinvesting.com/news/?ticker=OAS
On Friday, shares of Whiting Petroleum recorded a trading volume of 9,748,706 shares, which was above the three months average volume of 4,900,644 shares. The stock ended the day 9.45% higher at $55.46. The share price has fallen 1.79% from its 52 week high with a 52 week trading range of 15.88 - 56.47. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $50.62 is above its 200-day moving average of $35.37. Shares of Whiting Petroleum have gained roughly 9.73 percent in the past month and are up 109.44 percent year-to-date.
Access RDI's Whiting Petroleum Corporation Research Report at:
https://rdinvesting.com/news/?ticker=WLL
Our Actionable Research on Oasis Petroleum Inc. (NYSE: OAS) and Whiting Petroleum Corporation (NYSE: WLL) can be downloaded free of charge at Research Driven Investing.
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