Oasis Petroleum Inc. (OAS) Files Form 4 Insider Selling : Taylor L Reid Sells 25,000 Shares

Oasis Petroleum Inc. (OAS): Taylor L Reid , President and COO of Oasis Petroleum Inc. sold 25,000 shares on Sep 26, 2016. The Insider selling transaction was reported by the company on Sep 28, 2016 to the Securities and Exchange Commission. The shares were sold at $9.42 per share for a total value of $235,500.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Aug 12, 2016, Thomas B Nusz (Chairman and CEO) sold 200,000 shares at $8.92 per share price.On May 27, 2016, Taylor L Reid (President and COO) sold 50,000 shares at $10.15 per share price.Also, On Mar 6, 2015, Michael Mcshane (director) purchased 50,000 shares at $12.80 per share price.

Shares of Oasis Petroleum (OAS) ended Tuesday, Sep 27, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -2.86% at $9.18 with 99,12,737 shares getting traded. Post opening the session at $9.2, the shares hit an intraday low of $8.965 and an intraday high of $9.285 and the price vacillated in this range throughout the day. The company has a market cap of $1,656 M and the number of outstanding shares has been calculated to be 18,04,30,790 shares. The 52-week high of Oasis Petroleum is $14.1497 and the 52-week low is $3.395.

Oasis Petroleum Money Flow Index Chart

Company has been under the radar of several Street Analysts.Oasis Petroleum is Upgraded by Seaport Global Securities to Accumulate. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Aug 30, 2016.Oasis Petroleum is Initiated by Williams Capital Group to Buy and the brokerage firm has set the Price Target at $13. The Rating was issued on Aug 29, 2016.Oasis Petroleum is Upgraded by Raymond James to Strong Buy. Earlier the firm had a rating of Outperform on the company shares. The Rating was issued on Aug 5, 2016.Oasis Petroleum is Upgraded by Susquehanna to Positive. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Aug 1, 2016.Oasis Petroleum is Upgraded by Ladenburg Thalmann to Buy and the brokerage firm has set the Price Target at $12. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Jul 13, 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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