Oasis Petroleum Inc. Common Sto (NYSE:OAS) has been the object of insider selling activity recently. Taylor L. Reid, President and COO let go of $235,500 worth of shares at an average price of $9.42 on Mon the 26th. That brings the President and COO’s holdings to $11,297,792 as recorded in a recent Form 4 SEC filing. Thomas B. Nusz, Chairman reported the sale of 200,000 shares. The shares were sold on August 10th for an average price of $8.92. The Chairman now owns $14,189,686 of the stock per the Form 4 SEC filing.
Here are a few other firms who have also updated their positions. As of quarter end Macquarie Group Ltd had acquired a total of 33,780 shares growing its position 1.1%. The value of the total investment in Oasis Petroleum Inc. Common Sto went from $21,813,000 to $28,300,000 a change of $6,487,000 quarter over quarter. As of the end of the quarter Wolverine Asset Management LLC had bought 700 shares growing its stake by 1,400.0%. The value of the investment in Oasis Petroleum Inc. Common Sto increased from $0 to $7,000 increasing 0.0% since the last quarter.
Royal Bank Of Canada trimmed its stake by selling 5,339 shares a decrease of 65.6% in the quarter. Royal Bank Of Canada owns 2,800 shares worth $26,000. The value of the position overall is down by 55.9%. Investment Centers Of America Inc reduced its position by shedding 629 shares a decrease of 2.9% as of 06/30/2016. Investment Centers Of America Inc claims 21,286 shares valued at $201,000. The total value of its holdings increased 28.0%.
September 14 investment analysts at Deutsche Bank left the company rating at “Hold” and lowered the price expectation to $12.00 from $13.00. On September 12 Citigroup left the stock rating at “Buy” and moved up the price target from $13.00 to $14.00.
On August 30 the stock rating was upgraded from “Neutral” to “Accumulate” in a report issued by Seaport Global. On August 29 analysts at Williams Capital Group started coverage by announcing an initial rating of “Buy”.
On August 23 the company was downgraded to “Market Perform” from “Outperform” by BMO Capital. On August 15 JP Morgan made no change to the stock rating of “Overweight” and raised the price target to $13.00 from $9.00.
The company is so far trading up by 13.83 percent from yesterday’s close. Company chares are trading at $10.45 a tad higher than $9.61, the stock’s 50 day moving average and which is just over the 200 day moving average of $9.09. The 50 day moving average was up $0.84 and the 200 day average was up $1.36.
In the latest earnings report the EPS was $-0.81 and is projected to be $-0.62 for the current year with 180,430,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.15 and the next full year EPS is projected to be $-0.44.