Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Different than value or growth investors, momentum-oriented investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.

Oasis Petroleum Inc. (OAS)

Established in 2007, Houston, TX-based Oasis Petroleum is an independent explorer, engaged in the acquisition and development of oil and natural gas resources. The company's asset base is primarily focused on the North Dakota and Montana regions of the Williston Basin, targeting the Bakken and Three Forks formations. Its total leasehold position in the Williston Basin consists of around 493,000 net acres. Oasis Petroleum's top-tier operated locations provide an inventory life in excess of 12 years with break-even prices between $30-$45 per barrel.

OAS sits at a Zacks Rank #1 (Strong Buy), holds a Momentum Style Score of A, and has a VGM Score of A. The stock is down 0.3% and up 19.5% over the past one-week and four-week period, respectively, and Oasis Petroleum Inc. has gained 144.1% in the last one-year period as well. Additionally, an average of 422,667.84 shares were traded over the last 20 trading sessions.

Momentum investors also pay close attention to a company's earnings. For OAS, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $7.20 to $28.45 per share for 2022. OAS boasts an average earnings surprise of 37.6%.

With strong earnings growth, a good Zacks Rank, and top-tier Momentum and VGM Style Scores, investors should think about adding OAS to their portfolios.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Oasis Petroleum Inc. (OAS) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.