Oasis Petroleum Inc. (OAS) Files Form 4 Insider Selling : Taylor L Reid Sells 50,000 Shares

Oasis Petroleum Inc. (OAS): Taylor L Reid , President and COO of Oasis Petroleum Inc. sold 50,000 shares on May 25, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $10.15 per share for a total value of $507,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 28, 2015, Thomas B Nusz (Chairman and CEO) sold 200,000 shares at $7.76 per share price.On Mar 6, 2015, Michael Mcshane (director) purchased 50,000 shares at $12.80 per share price.

Oasis Petroleum: On Wednesday, May 25, 2016 heightened volatility was witnessed in Oasis Petroleum which led to swings in the share price. The shares opened for trading at $9.79 and hit $10.485 on the upside , eventually ending the session at $10.46, with a gain of 8.28% or 0.8 points. The heightened volatility saw the trading volume jump to 96,42,398 shares. The 52-week high of the share price is $17.96 and the company has a market cap of $1,888 M . The 52-week low of the share price is at $3.395.

Oasis Petroleum Money Flow Index Chart

Company has been under the radar of several Street Analysts.Oasis Petroleum is Reiterated by Wunderlich to Hold and the brokerage firm has raised the Price Target to $ 8 from a previous price target of $4 .The Rating was issued on May 11, 2016.Oasis Petroleum is Reiterated by Topeka Capital Markets to Buy and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $10 .The Rating was issued on May 10, 2016.Oasis Petroleum is Upgraded by Jefferies to Buy. Earlier the firm had a rating of Hold on the company shares. The Rating was issued on May 10, 2016.Oasis Petroleum is Downgraded by Cantor Fitzgerald to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 26, 2016.Oasis Petroleum is Upgraded by Goldman to Neutral. Earlier the firm had a rating of Sell on the company shares. The Rating was issued on Mar 11, 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 Company’s 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 357584 net acres in the West Williston project area. The Company controls 147919 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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