The Chairman & CEO of Oasis Petroleum Inc (NYSE: OAS) is Buying Shares

By Carrie Williams

Yesterday, the Chairman & CEO of Oasis Petroleum Inc (OASResearch Report), Thomas Nusz, bought shares of OAS for $82.8K.

This is Nusz’s first Buy trade following 12 Sell transactions. Following this transaction Thomas Nusz’s holding in the company was increased by 1.58% to a total of $5.59 million.

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Based on Oasis Petroleum Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $529 million and quarterly net profit of $42.76 million. In comparison, last year the company earned revenue of $501 million and had a GAAP net loss of $320 million. The company has a one-year high of $14.57 and a one-year low of $2.41. OAS’s market cap is $933.4M and the company has a P/E ratio of 4.52.

Six different firms, including Jefferies and Raymond James, currently also have a Buy rating on the stock.

The insider sentiment on Oasis Petroleum Inc has been positive according to 42 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

Thomas Nusz’s trades have generated a -17.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Oasis Petroleum, Inc. engages in the acquisition, development, and exploration of onshore, unconventional oil and natural gas resources. It operates through the following business segments: Exploration and Production, Midstream Services, and Well Services. The Exploration and Production segment refers to the sale of oil, and natural gas production.