Oasis Petroleum Inc. (NYSE:OAS) saw unusually large options trading activity on Friday. Traders acquired 7,966 call options on the company. This is an increase of 304% compared to the typical daily volume of 1,974 call options.
Oasis Petroleum (OAS) opened at 7.99 on Friday. The company’s 50 day moving average is $8.03 and its 200 day moving average is $11.74. Oasis Petroleum has a one year low of $6.56 and a one year high of $17.08. The stock’s market cap is $1.90 billion.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Monday, May 8th. The energy producer reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. The business had revenue of $285.10 million during the quarter, compared to the consensus estimate of $252.72 million. Oasis Petroleum had a negative net margin of 18.00% and a negative return on equity of 2.88%. The business’s revenue was up 119.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.18) EPS. On average, equities research analysts expect that Oasis Petroleum will post ($0.15) EPS for the current year.
A number of equities analysts have recently commented on the stock. UBS AG raised shares of Oasis Petroleum from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $14.00 to $13.00 in a research report on Thursday, June 8th. ValuEngine raised shares of Oasis Petroleum from a “sell” rating to a “hold” rating in a research report on Friday. Citigroup Inc. reduced their target price on shares of Oasis Petroleum from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, July 21st. Williams Capital raised shares of Oasis Petroleum from a “hold” rating to a “buy” rating and raised their target price for the stock from $12.00 to $13.00 in a research report on Tuesday, July 18th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $14.00 target price on shares of Oasis Petroleum in a research report on Thursday, July 20th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $14.42.
In related news, Chairman Thomas B. Nusz sold 187,236 shares of the stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $9.50, for a total value of $1,778,742.00. Following the sale, the chairman now directly owns 1,469,546 shares of the company’s stock, valued at approximately $13,960,687. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.90% of the company’s stock.
Several institutional investors have recently made changes to their positions in OAS. Russell Investments Group Ltd. acquired a new position in Oasis Petroleum during the fourth quarter valued at $2,127,000. Comerica Bank increased its position in Oasis Petroleum by 65.1% in the fourth quarter. Comerica Bank now owns 31,008 shares of the energy producer’s stock valued at $458,000 after buying an additional 12,228 shares during the period. Norges Bank acquired a new position in Oasis Petroleum during the fourth quarter valued at $29,719,000. Quadrature Capital Ltd acquired a new position in Oasis Petroleum during the fourth quarter valued at $1,478,000. Finally, Hudson Bay Capital Management LP acquired a new position in Oasis Petroleum during the fourth quarter valued at $227,000. Institutional investors and hedge funds own 97.50% of the company’s stock.
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Oasis Petroleum Company Profile
Oasis Petroleum Inc is an independent exploration and production company. The Company is focused on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin. Its segments include Exploration and Production, Well Services, and Midstream Services.
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