Investors Buy Large Volume of Put Options on Oasis Petroleum (OAS)

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Oasis Petroleum Inc. (NYSE:OAS) saw unusually large options trading activity on Thursday. Stock investors bought 4,177 put options on the stock. This represents an increase of 858% compared to the typical daily volume of 436 put options.

In other Oasis Petroleum news, VP Michael H. Lou sold 40,000 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $6.04, for a total transaction of $241,600.00. Following the sale, the vice president now directly owns 536,017 shares in the company, valued at approximately $3,237,542.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.70% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Coastal Investment Advisors Inc. purchased a new position in Oasis Petroleum in the 1st quarter valued at about $27,000. PNC Financial Services Group Inc. lifted its holdings in 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 in the last quarter. Piedmont Investment Advisors Inc. purchased a new position in Oasis Petroleum in the 4th quarter valued at about $66,000. Dorsey & Whitney Trust CO LLC purchased a new position in Oasis Petroleum in the 4th quarter valued at about $81,000. Finally, CWM Advisors LLC purchased a new position in Oasis Petroleum in the 4th quarter valued at about $89,000. Institutional investors own 98.95% of the company’s stock.

Shares of Oasis Petroleum stock traded down $0.22 on Friday, hitting $5.41. The company’s stock had a trading volume of 334,596 shares, 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 quick ratio of 0.73, a current ratio of 0.78 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $1.81 billion, a PE ratio of 20.83, a P/E/G ratio of 1.28 and a beta of 2.11.

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

Several equities research analysts have commented on the stock. Williams Capital restated a “buy” rating and set a $9.00 target price on shares of Oasis Petroleum in a research report on Wednesday, May 8th. ValuEngine lowered shares of Oasis Petroleum from a “sell” rating to a “strong sell” rating in a research report on Friday, May 3rd. Ifs Securities lowered shares of Oasis Petroleum from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $8.00 to $7.00 in a research report on Tuesday, April 23rd. Capital One Financial upgraded shares of Oasis Petroleum from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, March 20th. Finally, Citigroup decreased their price objective on shares of Oasis Petroleum from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $12.88.

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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 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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