Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Market for Registrant’s Common Equity. Our common stock is listed on the Nasdaq under the symbol “OAS”.
Dividends. In 2021, we paid a regular cash dividend of $1.625 per share of common stock and a special cash dividend of $4.00 per share of common stock. Prior to 2021, we had not paid cash dividends on our common stock. On February 9, 2022, we declared a dividend of $0.585 per share of common stock ($2.34 per share annualized) payable on March 4, 2022 to shareholders of record as of February 21, 2022. Future dividend payments will depend on our earnings, financial condition, capital requirements, level of indebtedness, statutory and contractual restrictions applicable to the payment of dividends and other considerations that our Board of Directors deems relevant. See “Part II. Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources—Dividends” for more information.
Holders. As of February 21, 2022, the number of record holders of our common stock was seven. Based on inquiry, management believes that the number of beneficial owners of our common stock is approximately 17,417 as of February 21, 2022.
On February 22, 2022, the last sale price of our common stock, as reported on the Nasdaq, was $122.50 per share.
Unregistered Sales of Securities. There were no sales of unregistered securities during the year ended December 31, 2021.
Issuer Purchases of Equity Securities. The following table contains information about our acquisition of equity securities during the three months ended December 31, 2021:
Period Total Number of Shares Exchanged Average Price Paid per Share Total Number of
Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number
(or Approximate Dollar Value) of Shares that May Yet Be
Purchased Under the
Plans or Programs
October 1 – October 31, 2021 88,000 $ 119.59 88,000 $ 74,914
November 1 – November 30, 2021 592,235 126.47 592,235 —
December 1 – December 31, 2021 — — — —
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Stock Performance Graph. The following performance graph and related information is “furnished” with the SEC and shall not be deemed “soliciting material” or to be “filed” with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act or the Exchange Act, except to the extent that we specifically request that such information be treated as “soliciting material” or specifically incorporate such information by reference into such a filing.
The performance graph shown below compares the cumulative total return to our common stockholders as compared to the cumulative total returns on the Standard and Poor’s 500 Index (“S&P 500”) and the Standard and Poor’s 500 Oil & Gas Exploration & Production Index (“S&P 500 O&G E&P”) for the period of November 20, 2020 (the date we emerged from bankruptcy and our common stock commenced trading) through December 31, 2021. The comparison was prepared based upon the following assumptions:
1. $100 was invested in our common stock, the S&P 500 and the S&P 500 O&G E&P on November 20, 2020 at the closing price on such date; and
2. Dividends were reinvested.
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Item 6. Selected Financial Data
Not applicable.
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