Large Outflow of Money Witnessed in Oasis Petroleum

Oasis Petroleum (NYSE:OAS) had an volatile session and gained 0.32 points till last call. The price was at $10.22, gaining 3.23% till the last intraday data. The total uptick value was $14.16 million while the total downtick value was $16.91 million. The shares saw a net money flow of $(-2.75) million and the up/down ratio stood at 0.84. The stock has seen a change of of 1.89% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-0.79) million. Almost $0.51 million were received in upticks and approximately $1.3 million were lost in downticks, thereby giving the up/down ratio of 0.39.


Currently the company Insiders own 2.5% of Oasis Petroleum shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.9% . Institutional Investors own 89.04% of Oasis Petroleum shares. During last six month period, the net percent change held by insiders has seen a change of -3.9%. On the companys insider trading activities,The director officer (President and COO) of Oasis Petroleum Inc., Reid Taylor L sold 50,000 shares at $10.15 on May 25, 2016. The Insider selling transaction had a total value worth of $507,500. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Oasis Petroleum (NYSE:OAS) : On Monday heightened volatility was witnessed in Oasis Petroleum (NYSE:OAS) which led to swings in the share price. The stock opened for trading at $9.64 and hit $10.43 on the upside , eventually ending the session at $10.23, with a gain of 3.33% or 0.33 points. The heightened volatility saw the trading volume jump to 8,618,231 shares. The 52-week high of the share price is $17.54 and the company has a market cap of $1,846 million. The 52-week low of the share price is at $3.395 .

Many analysts have stated their opinion on the company shares. Piper Jaffray initiates coverage on Oasis Petroleum (NYSE:OAS) . The global brokerage major announces a current price target of $13 per share. Analysts at the Piper Jaffray have a current rating of Neutral on the shares. The rating by the firm was issued on June 10, 2016.

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. The Companys core projects include Williston Basin, West Williston, East Nesson and Sanish. The Williston basin produces oil and natural gas from various producing horizons, including the Bakken, Three Forks, Madison and Red River formations. The Company controls 357,584 net acres in the West Williston project area. The Company controls 147,919 net acres in the East Nesson project area. The Company also operates an oil and gas marketing business through Oasis Petroleum Marketing LLC, a well services business through Oasis Well Services LLC and a midstream services business through Oasis Midstream Services LLC.

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