Taylor L. Reid Sells 50,000 Shares of Oasis Petroleum Inc. (NYSE:OAS) Stock
Oasis Petroleum Inc. (NYSE:OAS) insider Taylor L. Reid sold 50,000 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $7.82, for a total value of $391,000.00. Following the completion of the transaction, the insider now directly owns 1,175,727 shares of the company’s stock, valued at $9,194,185.14. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Oasis Petroleum Inc. (OAS) opened at 8.08 on Thursday. The stock has a 50 day moving average price of $7.79 and a 200-day moving average price of $11.33. Oasis Petroleum Inc. has a 52 week low of $6.67 and a 52 week high of $17.08. The stock’s market cap is $1.92 billion.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.01. Oasis Petroleum had a negative return on equity of 2.43% and a negative net margin of 5.16%. The company had revenue of $254.10 million for the quarter, compared to analyst estimates of $255.41 million. During the same quarter in the previous year, the company earned ($0.11) EPS. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. Equities analysts predict that Oasis Petroleum Inc. will post ($0.13) EPS for the current fiscal year.
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A number of large investors have recently made changes to their positions in the stock. Federated Investors Inc. PA acquired a new stake in shares of Oasis Petroleum during the second quarter worth $121,000. Teacher Retirement System of Texas raised its stake in shares of Oasis Petroleum by 6.3% in the second quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after buying an additional 1,100 shares in the last quarter. Bourgeon Capital Management LLC acquired a new stake in shares of Oasis Petroleum during the second quarter worth $161,000. DekaBank Deutsche Girozentrale raised its stake in shares of Oasis Petroleum by 14.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 11,819 shares of the energy producer’s stock worth $164,000 after buying an additional 1,526 shares in the last quarter. Finally, Bellwether Investment Group LLC raised its stake in shares of Oasis Petroleum by 7.7% in the second quarter. Bellwether Investment Group LLC now owns 20,566 shares of the energy producer’s stock worth $166,000 after buying an additional 1,463 shares in the last quarter. 97.05% of the stock is currently owned by institutional investors.
Several research analysts have recently commented on OAS shares. Bank of America Corporation started coverage on Oasis Petroleum in a research report on Wednesday, July 19th. They issued a “neutral” rating and a $9.00 price target for the company. Citigroup Inc. reduced their price target on Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, July 21st. Credit Suisse Group reissued a “neutral” rating and issued a $19.00 price target on shares of Oasis Petroleum in a research report on Friday, June 2nd. Royal Bank Of Canada set a $19.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, June 8th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $17.00 price target on shares of Oasis Petroleum in a research report on Thursday, July 6th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $14.54.
About Oasis Petroleum
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, Well Services, and Midstream Services.
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