Following were the notable Smallcap winners in the Oil & Gas sector on Thursday. Keep an eye on these stocks.
Oasis Midstream Partners LP (NASDAQ:OMP) was one of the major gainers in the Oil & Gas on Thursday as the stock is up by about 10.44% to close at $27.61 after hitting ann all-time high of $28.80. Yesterday, the stock witnessed higher than average volume with more than 452K shares exchanged hands, compared to its average volume of 176K. The stock opened at $25 and moved within a wide range of $24.69 – 28.80. The stock has gained about 44% over the past 3-month and surged 213% over the past year. Recently, the company said that is has a plan to offer senior notes worth $400 million, due 2028, in a private placement to eligible purchasers, subject to market conditions. Net proceeds from the offering will be used in repaying part of the firm’s outstanding borrowings under its revolving credit facility.
Centennial Resource Development (NASDAQ:CDEV) gained momentum as the stock went up 8.10% for the session to $5.34. The stock has moved within a wide range of $4.96 – 5.36. The stock has surged about 256% year-to-date. Moreover, the stock has moved up almost 320% over the past 6-month. . The stock is trading 14.50% below its 52-week high and 957% higher from its 52-week low.
Patterson-UTI Energy(NASDAQ:PTEN) was another gainer in the Oil & Gas sector. The stock was up 2.90% at $8.55. More than 1.35 million shares have been traded hands, compared to its average volume of 2.09 million. Over the past 52-week, the stock moved within a range of $2.38 – 9.74. The stock has almost doubled so far in 2021 and 77% in the past 6-month.The stock is trading in the neutral zone as RSI stands at 59.