Oasis Petroleum (NYSE:OAS) has climbed 3.23% in the past week and advanced 5.47% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.47% and the outperformance has advanced to 4.51% for the last 4 weeks period.
Oasis Petroleum (NYSE:OAS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.80 and $9.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.22, notching a gain of 7.02% for the day. The total traded volume was 9,173,774 . The stock had closed at $9.55 on the previous day.
The company shares have dropped -37.53% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $16.76 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.80 and the 200 Day Moving Average price is recorded at $7.72.
On the companys insider trading activities, The director officer (President and COO), of Oasis Petroleum Inc., Reid Taylor L had unloaded 50,000 shares at $10.15 per share in a transaction on May 25, 2016. The total value of transaction was $507,500. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Deutsche Bank maintains its view on Oasis Petroleum (NYSE:OAS) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $10 per share to $11 per share on Oasis Petroleum . The rating by the firm was issued on June 14, 2016. 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%.
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.