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

Yesterday, the Chairman & CEO of Oasis Petroleum (OASResearch Report), Thomas Nusz, bought shares of OAS for $79.8K.

Following this transaction Thomas Nusz’s holding in the company was increased by 100% to a total of $162.1K.

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Currently, Oasis Petroleum has an average volume of 32.84M. The company has a one-year high of $3.65 and a one-year low of $0.17.

Based on 5 analyst ratings, the analyst consensus is Moderate Sell with an average price target of $0.56, reflecting a -68.3% downside.

In the last 30 days, insiders have sold $739.7K worth of OAS shares and purchased $79.8K worth of OAS shares. The insider sentiment on Oasis Petroleum has been negative according to 47 insider trades in the past three months. This sentiment is lower 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. The Midstream Services segment performs salt water gathering, disposal services, fresh water services, natural gas gathering and processing as well as crude oil gathering and transportation, and other midstream services for the oil and natural gas wells. The Well Services segment relates to the completion services for the oil and natural gas wells as well as the products sales and equipment rentals. The company was founded by Thomas B. Nusz and Taylor L. Reid on March 8, 2007 and is headquartered in Houston, TX.