The risk of doing nothing with Oasis Petroleum Inc. (OAS) and Nabors Industries Ltd. (NBR)

On Aug 14, Reid Taylor L, President and COO bought 23,188 shares of Oasis Petroleum Inc. (NYSE: OAS), with the average selling price of the stock being $2.77 per share. The total amount realized from this purchase $64,231. A document was filed with the Securities and Exchange Commission to notify the public about the purchase of the shares.

In addition to that, President and COO – Reid Taylor L bought an extra 45,060 shares of this stock in a transaction that took place a day before, on Aug 14, with a share bought at an average of $2.76 and a total of $124,366 was realized from this transaction. After the transaction, the President and COO – Reid Taylor L was left with 1,462,819 shares of the company’s stock, which is currently worth around $4037380.44.

The recent price movement of OAS means that it is now down by -76.95% from its 52-week high and 20.33% up against its 52-week low prices. Over the past one week, the price volatility of OAS stands at 7.22% while the volatility over the past one month is 7.34%. The beta score for this stock is 2.25. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 08/06/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.08 earnings per share (EPS) during that period. This report was below the expectations of analysts of 0.13 by -0.05. The revenue by the firm was 441.31M for the quarter.

The shares of Oasis Petroleum Inc. (OAS) dropped by -4.61%, leading to a loss of -$0.14 per share, and saw OAS end the trading session at $2.90 on Friday 10/18/19. OAS started the trading session at $3.05, before reaching a daily high of $3.10. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $2.88.

The trading volume on Friday stood at 7662825, which was below the stock’s 3-month average volume of 12.37 million shares, out of a total 278.56M shares. As the price of the stock dipped, the market valuation of the company dropped to 978.49 million.

The shares of Nabors Industries Ltd. (NYSE: NBR) went down by -4.62% by the end of the recent trading session. This movement saw its price plunge to close at $1.65, which was lower than the previous closing price of $1.73. Over the past one week, the price of NBR has slipped by -7.30%, while it has recorded a loss of -30.38% over the past one month. Its three-month performance saw NBR lose -30.38% while its six-month performance saw it drop by -58.54%. The situation is different though over the past one year, as the stock price went down by -73.60%, while its year-to-date (YTD) price performance slipped by -17.50%. The stock price has gone up by +10.00% compared to its 90-day low, while it is down -45.90% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 10,957,180 shares, with the short-term indicators averagely rating the stock as a 100% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 11,804,514 shares and the indicators have an average rating of 100% Sell. The last indicators, the long-term see NBR stock with a 100-Day average volume of 13,551,753 shares, giving it an average rating of 100% Sell. A look at the general picture of all short, medium and long-term indicators leaves NBR with an average rating of 100% Sell.

Several brokerage firms sent out their reports NBR stock not long ago. In its report sent out on September 26, 2019, Barclays lowered its ratings on NBR to a Overweight. In an earlier report on September 25, 2019, RBC Capital Mkts Downgrade the stock from a Outperform to a Sector Perform. BofA/Merrill meanwhile in its report on August 28, 2019 Downgrade its rating of the stock from a “Neutral” to “Neutral”.

In related news to the company’s stock, around 82.80% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 299 institutions currently hold the NBR stock. In the last quarter, a 297,650,423 NBR shares were in the possession of institutions. On the other hand, the company recorded 22 new institutions who bought it their stock, while 43 institutions sold their entire NBR reserve. Of the current institutions investing in the stock, 112 increased their investment while 128 decreased their investment in the stock.