Taylor L. Reid Sells 25,000 Shares of Oasis Petroleum Inc. (OAS) Stock
Oasis Petroleum Inc. (NYSE:OAS) COO Taylor L. Reid sold 25,000 shares of the company’s stock in a transaction dated Monday, September 26th. The shares were sold at an average price of $9.42, for a total transaction of $235,500.00. Following the transaction, the chief operating officer now owns 1,199,341 shares in the company, valued at approximately $11,297,792.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of Oasis Petroleum Inc. (NYSE:OAS) opened at 11.19 on Friday. The stock’s 50 day moving average price is $9.73 and its 200 day moving average price is $9.12. The company’s market capitalization is $2.02 billion. Oasis Petroleum Inc. has a 52-week low of $3.40 and a 52-week high of $14.15.
Oasis Petroleum (NYSE:OAS) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The business earned $179 million during the quarter, compared to analysts’ expectations of $184.47 million. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. The company’s revenue was down 22.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 EPS. On average, equities research analysts forecast that Oasis Petroleum Inc. will post ($0.62) earnings per share for the current fiscal year.
OAS has been the topic of several recent research reports. Citigroup Inc. upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.00 to $13.00 in a research note on Thursday, June 2nd. Vetr upgraded shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 price objective on the stock in a research note on Thursday, June 2nd. Cantor Fitzgerald reiterated a “hold” rating and issued a $9.00 price objective on shares of Oasis Petroleum in a research note on Sunday, June 5th. Seaport Global Securities cut shares of Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research note on Tuesday, June 7th. Finally, Simmons initiated coverage on shares of Oasis Petroleum in a research note on Friday, June 10th. They issued a “neutral” rating and a $13.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $11.83.
Several institutional investors have recently added to or reduced their stakes in OAS. Renaissance Technologies LLC acquired a new position in Oasis Petroleum during the first quarter worth $18,652,000. Kennedy Capital Management Inc. acquired a new position in Oasis Petroleum during the first quarter worth $3,655,000. NorthRock Partners LLC acquired a new position in Oasis Petroleum during the first quarter worth $218,000. UBS Asset Management Americas Inc. boosted its position in Oasis Petroleum by 81.4% in the first quarter. UBS Asset Management Americas Inc. now owns 3,762,847 shares of the company’s stock worth $27,395,000 after buying an additional 1,689,060 shares in the last quarter. Finally, State Street Corp boosted its position in Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock worth $56,536,000 after buying an additional 1,388,971 shares in the last quarter. Institutional investors and hedge funds own 89.73% of the company’s stock.
Oasis Petroleum Company Profile
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA), and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.
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