Oasis Petroleum Target of Unusually Large Options Traded (OAS)

Oasis Petroleum Target of Unusually Large Options Traded (OAS)

Oasis Petroleum Inc. (NYSE:OAS) saw some unusual options trading activity on Tuesday. Stock traders bought 3,526 put options on the company. This is an increase of approximately 1,083% compared to the typical daily volume of 298 put options.

OAS has been the topic of a number of research reports. Zacks Investment Research raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Friday, October 12th. UBS Group raised shares of Oasis Petroleum from a “neutral” rating to a “positive” rating in a research report on Thursday, November 15th. ValuEngine lowered shares of Oasis Petroleum from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Wolfe Research raised shares of Oasis Petroleum from a “market perform” rating to an “outperform” rating in a research report on Wednesday, October 17th. Finally, Morgan Stanley dropped their target price on shares of Oasis Petroleum from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seventeen have assigned a buy rating to the stock. Oasis Petroleum currently has an average rating of “Buy” and an average target price of $14.31.

Shares of NYSE:OAS traded down $0.54 on Thursday, hitting $6.86. The stock had a trading volume of 17,364,945 shares, compared to its average volume of 9,016,790. Oasis Petroleum has a twelve month low of $6.45 and a twelve month high of $14.57. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.55 and a current ratio of 0.59. The company has a market capitalization of $2.35 billion, a PE ratio of 343.00, a P/E/G ratio of 1.22 and a beta of 2.22.

Oasis Petroleum (NYSE:OAS) last issued its earnings results on Monday, November 5th. The energy producer reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). Oasis Petroleum had a negative net margin of 7.08% and a positive return on equity of 3.12%. The firm had revenue of $546.50 million during the quarter, compared to analyst estimates of $455.65 million. The business’s revenue was up 79.4% on a year-over-year basis. On average, analysts forecast that Oasis Petroleum will post 0.41 EPS for the current year.

In other news, insider Taylor L. Reid sold 30,000 shares of Oasis Petroleum stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $8.04, for a total value of $241,200.00. Following the transaction, the insider now owns 1,216,576 shares of the company’s stock, valued at $9,781,271.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.50% of the company’s stock.

Several large investors have recently modified their holdings of OAS. Pine Brook Road Advisors LP acquired a new stake in shares of Oasis Petroleum in the 2nd quarter valued at $111,635,000. GMT Capital Corp boosted its stake in shares of Oasis Petroleum by 43.1% in the 2nd quarter. GMT Capital Corp now owns 15,467,500 shares of the energy producer’s stock valued at $200,613,000 after purchasing an additional 4,655,700 shares in the last quarter. BlueMountain Capital Management LLC boosted its stake in shares of Oasis Petroleum by 744.5% in the 2nd quarter. BlueMountain Capital Management LLC now owns 3,903,089 shares of the energy producer’s stock valued at $50,623,000 after purchasing an additional 3,440,937 shares in the last quarter. Exencial Wealth Advisors LLC acquired a new stake in shares of Oasis Petroleum in the 3rd quarter valued at $37,459,000. Finally, Mesirow Financial Investment Management Equity Management acquired a new stake in shares of Oasis Petroleum in the 2nd quarter valued at $15,503,000.

Oasis Petroleum Company Profile

Oasis Petroleum Inc, an independent exploration and production company, focuses on the acquisition and development of onshore unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin, and Permian Basin. As of December 31, 2017, the company had 502,660 net leasehold acres in the Williston Basin; and approximately 312.2 million barrels of oil equivalent of estimated net proved reserves.

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