Insider Buying: Oasis Petroleum Inc. (NYSE:OAS) Director Buys 30,000 Shares of Stock

Oasis Petroleum Inc. (NYSE:OAS) Director John E. Hagale acquired 30,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were bought at an average cost of $2.85 per share, with a total value of $85,500.00. Following the completion of the acquisition, the director now owns 120,480 shares in the company, valued at $343,368. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

OAS stock opened at $2.85 on Friday. The firm has a fifty day simple moving average of $4.83. Oasis Petroleum Inc. has a fifty-two week low of $2.41 and a fifty-two week high of $14.57. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.73 and a current ratio of 0.84. The stock has a market capitalization of $853.38 million, a price-to-earnings ratio of 10.96, a PEG ratio of 3.06 and a beta of 2.04.

Oasis Petroleum (NYSE:OAS) last posted its earnings results on Tuesday, August 6th. The energy producer reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $529.41 million during the quarter, compared to analyst estimates of $406.63 million. Oasis Petroleum had a net margin of 9.43% and a return on equity of 0.59%. Oasis Petroleum’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share. As a group, research analysts anticipate that Oasis Petroleum Inc. will post 0.06 EPS for the current fiscal year.

A number of equities research analysts have issued reports on OAS shares. SunTrust Banks lowered shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a report on Monday, July 8th. ValuEngine raised shares of Oasis Petroleum from a “strong sell” rating to a “sell” rating in a report on Tuesday, May 28th. Raymond James lowered shares of Oasis Petroleum from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $7.50 to $4.00 in a report on Thursday. Morgan Stanley cut their price objective on shares of Oasis Petroleum from $6.00 to $5.50 and set an “equal weight” rating for the company in a report on Friday, July 12th. Finally, Stifel Nicolaus set a $14.00 price objective on shares of Oasis Petroleum and gave the company a “buy” rating in a report on Wednesday, June 19th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and ten have assigned a buy rating to the company’s stock. Oasis Petroleum has a consensus rating of “Hold” and an average target price of $10.23.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Arizona State Retirement System lifted its position in Oasis Petroleum by 1.1% in the first quarter. Arizona State Retirement System now owns 194,095 shares of the energy producer’s stock worth $1,172,000 after buying an additional 2,111 shares during the last quarter. CWM Advisors LLC lifted its position in Oasis Petroleum by 8.3% in the second quarter. CWM Advisors LLC now owns 27,820 shares of the energy producer’s stock worth $158,000 after buying an additional 2,140 shares during the last quarter. Sippican Capital Advisors lifted its position in Oasis Petroleum by 12.9% in the second quarter. Sippican Capital Advisors now owns 27,115 shares of the energy producer’s stock worth $154,000 after buying an additional 3,100 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position in Oasis Petroleum by 28.5% in the first quarter. Piedmont Investment Advisors Inc. now owns 15,252 shares of the energy producer’s stock worth $92,000 after buying an additional 3,386 shares during the last quarter. Finally, Mason Street Advisors LLC lifted its position in Oasis Petroleum by 2.6% in the first quarter. Mason Street Advisors LLC now owns 143,740 shares of the energy producer’s stock worth $868,000 after buying an additional 3,631 shares during the last quarter. Institutional investors own 91.73% of the company’s stock.

Oasis Petroleum Company Profile

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 the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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