Oasis Petroleum Inc. (NYSE:OAS) is at least 13.72% than its current record low price of $4.3. There was a 10.38% gain on 7/30/2019 that led the price to move at $4.89. At a recent session, the prices were hovering between $4.35 and $4.93. This company shares are 51.12% off its target price of $7.39 and the current market capitalization stands at $1.59B. The recent change has given its price a -4.48% deficit over SMA 50 and -66.44% deficit over its 52-week high. The stock witnessed -13.91% declines, -19.84% declines and -19.44% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found OAS’s volatility during a week at 7.01% and during a month it has been found around 6.2%.
What Does Oasis Petroleum Inc. (OAS) Do?
The company describes itself in regulatory filings as, “Oasis Petroleum, Inc. engages in the acquisition, development, and exploration of onshore, unconventional oil and natural gas resources. It operates through the following business segments: Exploration and Production, Midstream Services, and Well Services. The Exploration and Production segment refers to the sale of oil, and natural gas production. The Midstream Services segment performs salt water gathering, disposal services, fresh water services, natural gas gathering and processing as well as crude oil gathering and transportation, and other midstream services for the oil and natural gas wells. The Well Services segment relates to the completion services for the oil and natural gas wells as well as the products sales and equipment rentals. The company was founded by Thomas B. Nusz and Taylor L. Reid on March 8, 2007 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/OAS/profile under company description.]Oasis Petroleum Inc. (OAS) Top Holders
Institutional investors currently hold around $1.37 billion or 98% in OAS stock. Look at its top three institutional owners: Blackrock Inc. owns $152.18 million in Oasis Petroleum Inc., which represents roughly 9.57% of the company’s market cap and approximately 11.15% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 29,042,935 shares of the stock are valued at $128.66 million. The third largest holder is Dimensional Fund Advisors Lp, which currently holds $101.13 million worth of this stock and that ownership represents nearly 6.36% of its market capitalization.
At the end of March reporting period, 150 institutional holders increased their position in Oasis Petroleum Inc. (NYSE:OAS) by some 21,452,402 shares, 139 decreased positions by 36,357,509 and 31 held positions by 250,361,890. That puts total institutional holdings at 308,171,801 shares, according to SEC filings. The stock grabbed 47 new institutional investments totaling 6,085,890 shares while 51 institutional investors sold out their entire positions totaling 11,124,975 shares.Oasis Petroleum Inc. (NYSE:OAS) Insider Trades
Multiple company employees have indulged in significant insider trading. Oasis Petroleum Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Executive VP and CFO Lou Michael H has sold 40,000 shares of Oasis Petroleum Inc. (OAS) in the trading session dated Mar. 27, 2019. These shares are worth $241,600 and were traded at $6.04 each. The SEC filing shows that Reid Taylor L performed a sale of 30,000 shares. The President and COO disposed these shares by way of transaction on Nov. 19, 2018. The company’s shares were given away at $8.04 per share worth to an income of some $241,200 to the account of Reid Taylor L.
Executive VP and CFO, Lou Michael H, sold 16,000 common shares of Oasis Petroleum Inc. (OAS) in the open market. In a transaction dated May. 16, 2018, the shares were put up for sale at an average price of $12.27, raking in a sum of $196,320. After this sale, 418,959 common shares of OAS are directly owned by the insider, with total stake valued at $2,048,710.
In the transaction dated May. 16, 2018, a great number of shares sold came courtesy the President and COO; Reid Taylor L disposed a total of 30,000 shares at an average price of $12.22, amounting to approximately $366,600. The insider now directly owns 1,727,534 shares worth $8,447,641.Oasis Petroleum Inc. (OAS) Analyst Guide
Several analysts have released their opinion on Oasis Petroleum Inc. (NYSE:OAS), with 6 analysts believing it is a strong buy. Whereas 16 of them predict the stock is a hold. Also, there are 4 buy, 2 sell and 0 strong sell ratings, collectively assigning a 2.5 average brokerage recommendation [T1].