Oasis Petroleum Inc. (NYSE:OAS) insider Taylor L. Reid sold 50,000 shares of Oasis Petroleum stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $7.82, for a total transaction of $391,000.00. Following the completion of the transaction, the insider now directly owns 1,175,727 shares in the company, valued at $9,194,185.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Oasis Petroleum Inc. (NYSE OAS) traded up 2.95% during trading on Tuesday, reaching $8.03. 10,214,185 shares of the company traded hands. The firm’s market capitalization is $1.91 billion. The firm’s 50 day moving average price is $7.81 and its 200 day moving average price is $11.50. Oasis Petroleum Inc. has a 12-month low of $6.90 and a 12-month high of $17.08.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Wednesday, August 2nd. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The business had revenue of $254.10 million for the quarter, compared to analyst estimates of $255.41 million. Oasis Petroleum had a negative net margin of 5.16% and a negative return on equity of 2.43%. The company’s revenue was up 42.0% on a year-over-year basis. During the same quarter last year, the firm earned ($0.11) EPS. Equities research analysts expect that Oasis Petroleum Inc. will post ($0.13) earnings per share for the current year.

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A number of brokerages recently issued reports on OAS. UBS AG raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $14.00 to $13.00 in a research note on Thursday, June 8th. Jefferies Group LLC reissued a “buy” rating and issued a $17.00 price objective on shares of Oasis Petroleum in a research note on Wednesday, May 17th. Williams Capital reissued a “hold” rating and issued a $15.00 price objective on shares of Oasis Petroleum in a research note on Monday, May 15th. BidaskClub cut shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 21st. Finally, Cowen and Company set a $14.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a research note on Monday, July 10th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $14.54.

A number of large investors have recently made changes to their positions in the company. 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 during the period. Caymus Capital Partners L.P. raised its stake in shares of Oasis Petroleum by 50.2% in the second quarter. Caymus Capital Partners L.P. now owns 6,239,600 shares of the energy producer’s stock worth $50,229,000 after buying an additional 2,086,400 shares during the period. Federated Investors Inc. PA purchased a new stake in shares of Oasis Petroleum during the second quarter worth about $121,000. William Blair Investment Management LLC raised its stake in shares of Oasis Petroleum by 21.4% in the second quarter. William Blair Investment Management LLC now owns 1,579,190 shares of the energy producer’s stock worth $12,712,000 after buying an additional 278,669 shares during the period. Finally, Marshall Wace North America L.P. purchased a new stake in shares of Oasis Petroleum during the second quarter worth about $167,000. 97.05% of the stock is currently owned by institutional investors and hedge funds.

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, Well Services, and Midstream Services.

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