Oasis Petroleum Sees Unusually Large Options Volume (OAS)

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Oasis Petroleum Inc. (NYSE:OAS) was the target of some unusual options trading activity on Thursday. Investors acquired 4,177 put options on the stock. This represents an increase of 858% compared to the average volume of 436 put options.

In related news, VP Michael H. Lou sold 40,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $6.04, for a total value of $241,600.00. Following the transaction, the vice president now directly owns 536,017 shares in the company, valued at $3,237,542.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.70% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Coastal Investment Advisors Inc. purchased a new position in Oasis Petroleum during the first quarter worth approximately $27,000. PNC Financial Services Group Inc. boosted its position in shares of Oasis Petroleum by 36.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,953 shares of the energy producer’s stock valued at $44,000 after purchasing an additional 2,129 shares during the period. Piedmont Investment Advisors Inc. acquired a new stake in shares of Oasis Petroleum in the 4th quarter valued at about $66,000. Dorsey & Whitney Trust CO LLC acquired a new stake in shares of Oasis Petroleum in the 4th quarter valued at about $81,000. Finally, CWM Advisors LLC acquired a new stake in shares of Oasis Petroleum in the 4th quarter valued at about $89,000. Hedge funds and other institutional investors own 98.95% of the company’s stock.

Oasis Petroleum stock traded down $0.21 during trading on Friday, reaching $5.42. 5,474,941 shares of the company were exchanged, compared to its average volume of 10,917,655. Oasis Petroleum has a 52-week low of $4.74 and a 52-week high of $14.57. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 1.28 and a beta of 2.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.73 and a current ratio of 0.78.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Tuesday, May 7th. The energy producer reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.06). Oasis Petroleum had a positive return on equity of 1.14% and a negative net margin of 6.78%. The company had revenue of $575.73 million for the quarter, compared to analysts’ expectations of $421.65 million. During the same quarter in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 21.5% compared to the same quarter last year. On average, analysts predict that Oasis Petroleum will post 0.29 EPS for the current fiscal year.

A number of research analysts have recently commented on the stock. Williams Capital reissued a “buy” rating and issued a $9.00 price objective on shares of Oasis Petroleum in a research report on Wednesday, May 8th. Zacks Investment Research raised Oasis Petroleum from a “sell” rating to a “hold” rating in a research note on Friday, January 25th. Capital One Financial raised Oasis Petroleum from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, March 20th. Raymond James set a $12.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Finally, ValuEngine lowered Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $12.88.

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About Oasis Petroleum

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 the Texas region of the Delaware Basin, respectively. As of December 31, 2018, the company had 413,552 net leasehold acres in the Williston Basin; and 23,366 net leasehold acres in the Delaware Basin, as well as approximately 320.5 million barrels of oil equivalent of estimated net proved reserves.

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