Oasis Petroleum COO Taylor L. Reid Sells 10,060 Shares (OAS)
Oasis Petroleum (NYSE:OAS) COO Taylor L. Reid sold 10,060 shares of Oasis Petroleum stock on the open market in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $47.93, for a total transaction of $482,175.80. Following the transaction, the chief operating officer now directly owns 1,129,766 shares in the company, valued at approximately $54,149,684. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Oasis Petroleum (NYSE:OAS) traded down 1.88% on Tuesday, hitting $47.06. 1,246,751 shares of the company’s stock traded hands. Oasis Petroleum has a 1-year low of $37.86 and a 1-year high of $58.09. The stock has a 50-day moving average of $54.14 and a 200-day moving average of $47.44. The company has a market cap of $4.760 billion and a price-to-earnings ratio of 14.66.
Oasis Petroleum (NYSE:OAS) last released its earnings data on Tuesday, August 5th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by $0.04. The company had revenue of $372.38 million for the quarter, compared to the consensus estimate of $368.04 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 46.3% on a year-over-year basis. On average, analysts predict that Oasis Petroleum will post $3.17 earnings per share for the current fiscal year.
A number of research firms have recently commented on OAS. Analysts at Sterne Agee upgraded shares of Oasis Petroleum from a “neutral” rating to a “buy” rating in a research note on Monday. They now have a $59.00 price target on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Oasis Petroleum in a research note on Thursday, August 7th. They now have a $65.00 price target on the stock, down previously from $70.00. Finally, analysts at KLR Group upgraded shares of Oasis Petroleum from an “accumulate” rating to a “buy” rating in a research note on Thursday, August 7th. Four research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $58.22.
Oasis Petroleum Inc is an exploration and production company. The Company focuses on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin.
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