Large Inflow of Money Detected in Oasis Petroleum

Oasis Petroleum (OAS) : Investors lapped up stocks on upticks to the tune of $10.95 million in the Thursdays trading session. The trading value on downticks was comparatively at $9 million and the uptick to downtick ratio of 1.22 indicates continuous buying by the bulls. The net money flow into the stock was $1.96 million. The block trades were dominated by the bulls with a healthy 3.01, uptick to downtick ratio. Only $0.65 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $1.95 clearly indicating buying by large investors. The total money flow for block trades stood at $1.3 million, which is a positive for the stock in the long-term. Oasis Petroleum (OAS) fell $0.2 during the day at $8.68, a drop of -2.2% over the previous days close. However, for the week, the stock is 0.64%, compared to the previous week.


The stock has recorded a 20-day Moving Average of 9.16% and the 50-Day Moving Average is 10.52%. Shares have dropped -37.73% from its 1 Year high price. On Oct 9, 2015, the shares registered one year high at $14.15 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $9.93 and the 200 Day Moving Average price is recorded at $7.79.

Oasis Petroleum (NYSE:OAS): The stock opened at $9.07 on Thursday but the bulls could not build on the opening and the stock topped out at $9.15 for the day. The stock traded down to $8.66 during the day, due to lack of any buying support eventually closed down at $8.68 with a loss of -2.14% for the day. The stock had closed at $8.87 on the previous day. The total traded volume was 7,454,393 shares.

In an insider trading activity,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 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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