Oasis Petroleum Inc. (OAS) Insider Taylor L. Reid Sells 30,000 Shares

Oasis Petroleum Inc. (NYSE:OAS) insider Taylor L. Reid sold 30,000 shares of Oasis Petroleum stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $8.04, for a total transaction of $241,200.00. Following the completion of the transaction, the insider now directly owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of OAS stock opened at $7.49 on Friday. Oasis Petroleum Inc. has a 52 week low of $7.20 and a 52 week high of $14.57. The company has a market capitalization of $2.46 billion, a PE ratio of 374.50, a P/E/G ratio of 1.25 and a beta of 2.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.59 and a quick ratio of 0.55.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.04). The company had revenue of $546.50 million during the quarter, compared to the consensus estimate of $455.65 million. Oasis Petroleum had a positive return on equity of 3.12% and a negative net margin of 7.08%. The company’s revenue was up 79.4% compared to the same quarter last year. Equities research analysts anticipate that Oasis Petroleum Inc. will post 0.41 EPS for the current fiscal year.

Several research analysts have issued reports on the stock. Seaport Global Securities reaffirmed a “buy” rating on shares of Oasis Petroleum in a report on Friday, September 7th. Zacks Investment Research cut shares of Oasis Petroleum from a “buy” rating to a “hold” rating in a report on Wednesday, November 14th. Stifel Nicolaus lifted their target price on shares of Oasis Petroleum from $10.00 to $10.50 and gave the stock a “hold” rating in a report on Tuesday, August 7th. TheStreet cut shares of Oasis Petroleum from a “c” rating to a “d+” rating in a report on Monday, November 19th. Finally, Susquehanna Bancshares raised shares of Oasis Petroleum from a “neutral” rating to a “positive” rating and set a $13.00 target price for the company in a report on Thursday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and eighteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $14.34.

A number of hedge funds and other institutional investors have recently made changes to their positions in OAS. Oakbrook Investments LLC bought a new stake in Oasis Petroleum during the second quarter valued at approximately $131,000. CIBC Asset Management Inc bought a new stake in Oasis Petroleum during the second quarter valued at approximately $150,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in Oasis Petroleum during the third quarter valued at approximately $157,000. World Asset Management Inc bought a new stake in Oasis Petroleum during the second quarter valued at approximately $171,000. Finally, Advisors Preferred LLC bought a new stake in Oasis Petroleum during the second quarter valued at approximately $176,000.

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About Oasis Petroleum

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

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