Oasis Petroleum Inc. (NYSE:OAS) COO Taylor L. Reid sold 25,000 shares of the stock in a transaction on Monday, September 26th. The stock was sold at an average price of $9.42, for a total value of $235,500.00. Following the transaction, the chief operating officer now owns 1,199,341 shares of the company’s stock, valued at $11,297,792.22. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Oasis Petroleum Inc. (NYSE:OAS) opened at 11.19 on Friday. The company’s 50-day moving average price is $9.73 and its 200 day moving average price is $9.12. Oasis Petroleum Inc. has a one year low of $3.40 and a one year high of $14.15. The firm’s market capitalization is $2.02 billion.
Oasis Petroleum (NYSE:OAS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The firm earned $179 million during the quarter, compared to analyst estimates of $184.47 million. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. The firm’s quarterly revenue was down 22.2% on a year-over-year basis. During the same period last year, the company posted $0.38 EPS. On average, analysts forecast that Oasis Petroleum Inc. will post ($0.62) earnings per share for the current year.
A number of institutional investors have recently modified their holdings of OAS. FMR LLC increased its stake in shares of Oasis Petroleum by 1,169.4% in the second quarter. FMR LLC now owns 2,850,883 shares of the company’s stock worth $26,627,000 after buying an additional 2,626,300 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Oasis Petroleum during the first quarter worth approximately $18,652,000. Dimensional Fund Advisors LP increased its stake in shares of Oasis Petroleum by 109.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,465,955 shares of the company’s stock worth $41,714,000 after buying an additional 2,335,876 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Oasis Petroleum during the second quarter worth approximately $17,555,000. Finally, UBS Asset Management Americas Inc. increased its stake in shares of 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 during the period. 89.73% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts recently issued reports on the company. Vetr raised Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 target price on the stock in a research note on Thursday, June 2nd. Citigroup Inc. raised Oasis Petroleum from a “neutral” rating to a “buy” rating and increased their target price for the stock from $12.00 to $13.00 in a research note on Thursday, June 2nd. Susquehanna raised Oasis Petroleum from a “neutral” rating to a “positive” rating and set a $11.00 target price on the stock in a research note on Monday, August 1st. Seaport Global Securities lowered Oasis Petroleum from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Tuesday, June 7th. Finally, BMO Capital Markets set a $10.00 target price on Oasis Petroleum and gave the stock a “hold” rating in a research note on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $11.83.
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, 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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