Oasis Petroleum (OAS) : During the past 4 weeks, traders have been relatively bearish on Oasis Petroleum (OAS), hence the stock is down -19% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.24% relative to the S&P 500. The stock has risen by 0.23% in the past week indicating that the buyers are active at lower levels, but the stock is down -15.46% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 8.83% and the 50-Day Moving Average is 10.96%.
Oasis Petroleum (NYSE:OAS): The stock opened at $8.79 on Friday but the bulls could not build on the opening and the stock topped out at $8.89 for the day. The stock traded down to $8.63 during the day, due to lack of any buying support eventually closed down at $8.64 with a loss of -0.46% for the day. The stock had closed at $8.68 on the previous day. The total traded volume was 7,057,891 shares.
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 89.07% of Oasis Petroleum shares. During last six month period, the net percent change held by insiders has seen a change of -3.9%. In a related news, Reid Taylor L, director officer (President and COO) of Oasis Petroleum Inc., unloaded 50,000 shares at an average price of $10.15 on May 25, 2016. The total amount of the transaction was worth $507,500, according to the disclosed information 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.