March 22, 2018 - 8:30 AM EDT
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Today’s Research Reports on Trending Tickers: Oasis Petroleum and Whiting Petroleum

NEW YORK, NY / ACCESSWIRE / March 22, 2018 / The Federal Reserve announced it would be raising interest rates by 25 basis points. Shortly after the Fed's announcements, stocks hit the session highs. However, major Indexes closed lower Wednesday, probably as a reaction to the Fed's rate-hike forecast for 2019. The Dow Jones Industrial Average declined 0.18 percent to close at 24,682.31, while the S&P 500 Index also decreased 0.18 percent to close at 2,711.93. The Nasdaq Composite Index fell 0.26 percent to close at 7,345.29.

"The initial reaction in stock was because the median dot plot didn't go up for 2018," said James Athey, senior investment manager at Aberdeen Standard Investments, according to CNBC. "Then there was the more concerned reaction, with investors saying: 'Hold on, there's one more rate hike in for 2019.'"

RDI Initiates Coverage on:

Oasis Petroleum Inc.
https://rdinvesting.com/news/?ticker=OAS

Whiting Petroleum Corp.
https://rdinvesting.com/news/?ticker=WLL

Oasis Petroleum's stock jumped 7.38% Wednesday, to close the day at $8.58. The stock recorded a trading volume of 12,825,212 shares, which was above its three months average volume of 9,245,848 shares. In the last year, Oasis Petroleum's shares have traded in a range of 6.69 - 15.27. The share price has gained 28.25% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $8.21 is below its 200-day moving average of $8.80. Shares of Oasis Petroleum are trading at a Price to Earnings ratio of 16.50. Shares of Oasis Petroleum have gained roughly 10.28 percent in the past month and are up 2.02 percent year-to-date.

Access RDI's Oasis Petroleum Inc. Research Report at:
https://rdinvesting.com/news/?ticker=OAS

On Wednesday, shares of Whiting Petroleum recorded a trading volume of 10,368,044 shares, which was above the three months average volume of 4,832,468 shares. The stock ended the day 9.62% higher at 33.61. The share price has gained 111.65% from its 52-week low with a 52-week trading range of 15.88 - 41.48. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $27.18 is greater than its 200-day moving average of $24.70. Shares of Whiting Petroleum have gained roughly 48.91 percent in the past month and are up 26.93 percent year-to-date.

Access RDI's Whiting Petroleum Corp. Research Report at:
https://rdinvesting.com/news/?ticker=WLL

Our Actionable Research on Oasis Petroleum Inc. (NYSE:OAS) and Whiting Petroleum Corp. (NYSE:WLL) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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Source: ACCESSWIRE Investor Awareness (March 22, 2018 - 8:30 AM EDT)

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