The President & COO of Oasis Petroleum Inc (NYSE: OAS) is Buying Shares

By Carrie Williams

Yesterday, the President & COO of Oasis Petroleum Inc (OASResearch Report), Taylor Reid, bought shares of OAS for $188.6K.

Following this transaction Taylor Reid’s holding in the company was increased by 13% to a total of $5.83 million. This is Reid’s first Buy trade following 11 Sell transactions.

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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 40 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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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.