Investors Buy High Volume of Oasis Petroleum Put Options (OAS)

Oasis Petroleum Inc. (NYSE:OAS) was the recipient of unusually large options trading on Friday. Stock traders purchased 1,341 put options on the company. This is an increase of 180% compared to the average volume of 479 put options.

In related news, VP Nickolas J. Lorentzatos sold 10,985 shares of Oasis Petroleum stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $8.77, for a total transaction of $96,338.45. Following the transaction, the vice president now directly owns 182,351 shares of the company’s stock, valued at $1,599,218.27. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of OAS. Parkwood LLC boosted its stake in Oasis Petroleum by 82.0% in the second quarter. Parkwood LLC now owns 88,818 shares of the energy producer’s stock worth $715,000 after purchasing an additional 40,017 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Oasis Petroleum during the second quarter worth $237,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Oasis Petroleum during the second quarter worth $546,000. Moody Aldrich Partners LLC raised its position in shares of Oasis Petroleum by 31.3% during the second quarter. Moody Aldrich Partners LLC now owns 35,845 shares of the energy producer’s stock worth $289,000 after acquiring an additional 8,545 shares during the last quarter. Finally, Emerald Advisers Inc. PA bought a new stake in shares of Oasis Petroleum during the second quarter worth $759,000. 93.97% of the stock is currently owned by institutional investors.

A number of equities analysts recently weighed in on OAS shares. Piper Jaffray Companies set a $14.00 price target on Oasis Petroleum and gave the company a “buy” rating in a research report on Monday, October 16th. Jefferies Group restated a “buy” rating and set a $13.00 price objective on shares of Oasis Petroleum in a research report on Tuesday, October 3rd. Royal Bank Of Canada set a $14.00 price objective on Oasis Petroleum and gave the stock a “buy” rating in a research report on Thursday, August 24th. BMO Capital Markets set a $11.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Sunday, August 13th. Finally, KeyCorp set a $11.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a research note on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.32.

Shares of Oasis Petroleum (OAS) opened at $10.05 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.76 and a debt-to-equity ratio of 0.77. Oasis Petroleum has a one year low of $6.69 and a one year high of $17.08.

Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings results on Tuesday, November 7th. The energy producer reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million for the quarter, compared to analyst estimates of $264.72 million. Oasis Petroleum had a negative return on equity of 1.29% and a negative net margin of 5.23%. Oasis Petroleum’s quarterly revenue was up 71.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.19) EPS. equities analysts predict that Oasis Petroleum will post -0.1 EPS for the current year.

WARNING: “Investors Buy High Volume of Oasis Petroleum Put Options (OAS)” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://stocknewstimes.com/2017/12/06/oasis-petroleum-sees-unusually-large-options-volume-oas.html.

About Oasis Petroleum

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.

Receive News & Ratings for Oasis Petroleum Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply