Today, 2,975,700 Shares of Stock are sold by Insider Selling: Oasis Petroleum Inc. (OAS) Major Shareholder

Today, 2,975,700 Shares of Stock are sold by Insider Selling: Oasis Petroleum Inc. (OAS) Major Shareholder

Oasis Petroleum Inc. (NYSE:OAS) major shareholder Advisory Corp Spo sold 2,975,700 shares of the company’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $11.56, for a total value of $34,399,092.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of Oasis Petroleum Inc. (NYSE:OAS) opened at 11.59 on Friday. The company’s market cap is $2.09 billion. The company has a 50 day moving average price of $10.03 and a 200 day moving average price of $9.26. Oasis Petroleum Inc. has a one year low of $3.40 and a one year high of $14.15.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. Oasis Petroleum had a negative return on equity of 1.22% and a negative net margin of 17.91%. The company earned $179 million during the quarter, compared to analysts’ expectations of $184.47 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s quarterly revenue was down 22.2% compared to the same quarter last year. Equities research analysts expect that Oasis Petroleum Inc. will post ($0.62) earnings per share for the current year.

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Several equities analysts recently weighed in on OAS shares. Vetr upgraded Oasis Petroleum from a “hold” rating to a “buy” rating and set a $11.33 target price on the stock in a research report on Thursday, June 9th. Simmons started coverage on Oasis Petroleum in a research report on Friday, June 10th. They set a “neutral” rating and a $13.00 target price on the stock. Piper Jaffray Cos. started coverage on Oasis Petroleum in a research report on Friday, June 10th. They set a “neutral” rating and a $13.00 target price on the stock. Deutsche Bank AG increased their target price on Oasis Petroleum from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Tuesday, June 14th. Finally, Ladenburg Thalmann upgraded Oasis Petroleum from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.94.

Several hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Oasis Petroleum during the first quarter worth $18,652,000. Kennedy Capital Management Inc. bought a new stake in shares of Oasis Petroleum during the first quarter worth $3,655,000. NorthRock Partners LLC bought a new stake in shares of Oasis Petroleum during the first quarter worth $218,000. UBS Asset Management Americas Inc. boosted its stake in shares of Oasis Petroleum by 81.4% in the first quarter. UBS Asset Management Americas Inc. now owns 3,762,847 shares of the company’s stock worth $27,395,000 after buying an additional 1,689,060 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of Oasis Petroleum by 21.8% in the first quarter. State Street Corp now owns 7,765,817 shares of the company’s stock worth $56,536,000 after buying an additional 1,388,971 shares in the last quarter. 89.73% of the stock is owned by institutional investors.

Oasis Petroleum Company Profile

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