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Stocks In Queue: Oasis Petroleum Inc. (OAS), Laredo Petroleum, Inc. (LPI), Rent-A-Center, Inc. (RCII)

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Oasis Petroleum Inc. (OAS) fell -0.62% during last trading as the stock lost $-0.09 to finish the day at $14.41 with about 4.24M shares changing hands, compared to its three month average trading volume of 9.28M. The $3.37B market cap company, which fluctuated between $14.32 and $14.6 during the day, currently situated 242.28% above its 52 week low of $4.03 and -15.63% away from its one year high of $17.08. The RSI of 49.31 indicates the stock is neither overvalued nor undervalued at the current levels, hold for now.

Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its principal projects are located in West Williston and East Nesson. As of December 31, 2015, the company had 484,745 net leasehold acres in the Williston Basin; and approximately 218.2 million barrels of oil equivalent of estimated net proved reserves. Oasis Petroleum Inc. sells its oil and natural gas to refiners, marketers, and other purchasers that have access to pipeline and rail facilities. The company was founded in 2007 and is headquartered in Houston, Texas.

Laredo Petroleum, Inc. (LPI) gained $0.02 to close the day at a new closing price of $14.33, a 0.14% increase in value from its previous closing price that moved the stock 267.44% above its 52 week low of $3.9. A total of 4.2M shares exchanged hands during the day compared with its three month average trading volume of 3.16M. The stock, which fluctuated between $14.11 and $14.47 during the day, currently situated -12.99% below its 52 week high. The stock is up by 7.18% in the past one month and up by 8.07% over the past three months. With a one year target estimate of $15.44 and RSI of 56.4, the stock still has upside potential, making it a hold for now.

Laredo Petroleum, Inc. operates as an independent energy company in the United States. It focuses on the acquisition, exploration, and development of oil and natural gas properties, as well as the transportation of oil and natural gas primarily in the Permian Basin in West Texas. As of December 31, 2015, it had interests in the 135,408 net acres in the Permian Basin; and had total proved reserves of 125,698 thousand barrels of oil equivalent. The company was formerly known as Laredo Petroleum Holdings, Inc. and changed its name to Laredo Petroleum, Inc. in December 2013. Laredo Petroleum, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.

Rent-A-Center, Inc. (RCII) had a active trading with around 4.2M shares changing hands compared to its three month average trading volume of 1.67M. The stock traded between $8 and $8.52 before closing at the price of $8.32 with 4.26% change on the day. The company is currently trading 7.22% above its 52 week low of $7.76 and -47.87% below its 52 week high of $16.37. Both the RSI indicator and target price of 36.45 and $9.67 respectively, lead us to believe that it should be put on hold over the coming weeks.

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks within retailer’s locations. It operates retail installment sales stores under the Get It Now and Home Choice names; and rent-to-own and franchised rent-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names. As of December 31, 2015, the company owned and operated approximately 2,672 stores in the United States, Canada, and Puerto Rico, including 45 retail installment sales stores; 1,444 Acceptance Now kiosk locations in 40 states and Puerto Rico; 532 Acceptance Now direct locations; and 143 stores in Mexico, as well as franchised 227 rent-to-own stores in 31 states under the Rent-A-Center, ColorTyme, and RimTyme names. Rent-A-Center, Inc. was founded in 1986 and is headquartered in Plano, Texas.

 

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