Recent insider trends for Oasis Petroleum Inc. (NYSE:OAS) have caught the attention of investors. Insider data is useful because it can reveal what a company’s executives and largest shareholders feel about a stock. In this case, the data has some interesting things to say about how OAS might perform in the future.
Institutions own 82.75% of Oasis Petroleum Inc. (OAS)’s shares. The total value of these holdings, in millions, is $1,963. Among active positions in the latest quarter, 113 holders increased their positions by a total of 29.46 million shares, 115 holders decreased the positions by a total of 28.81 million shares, and 41 holders held their positions. This works out to a net increase in ownership of 652470 shares, and suggests that institutions are feeling bullish about the stock.
Among new and sold out positions, 31 holders initiated new positions by a total of 6.63 million shares and 43 holders exited their positions by a total of 10.34 million shares. This nets out to a decrease of 3.71 million shares and is another bearish sign for OAS.
Insider ownership increased by a total of 0 shares, which suggests that OAS’s key executives are feeling more optimistic about the outlook for the stock. The data from the past twelve months tells a different story: insiders executed 12 buys and 21 sells, and ownership decreased by a net of 48949 shares.
Short interest, or the number of a stock’s tradable shares currently being shorted, is another metric investors use to get a pulse on sentiment. Oasis Petroleum Inc. (NYSE:OAS)’s short interest is 26.99 million shares, or 12.28% of the float. This represents a decrease of -21% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.
Insider data can help an investor form an outlook on a stock, but it’s important to supplement this data with other information such as technical indicators to form a more complete view. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that OAS is a Weak buy, which implies that OAS is expected to outperform the market based on prior trading patterns.
Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bullish. Technical indicators (also) suggest that Oasis Petroleum Inc. (NYSE:OAS) is undervalued.