Oasis Petroleum Target of Unusually Large Options Trading (OAS)

Oasis Petroleum Inc. (NYSE:OAS) was the target of some unusual options trading activity on Monday. Stock investors bought 5,558 put options on the stock. This represents an increase of approximately 914% compared to the typical volume of 548 put options.

Several equities research analysts recently commented on the stock. Royal Bank of Canada restated a “buy” rating and issued a $14.00 price target on shares of Oasis Petroleum in a research report on Wednesday, December 13th. Evercore ISI upgraded shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a research report on Friday, November 3rd. SunTrust Banks downgraded shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research report on Tuesday, December 12th. Deutsche Bank assumed coverage on shares of Oasis Petroleum in a research report on Thursday, February 1st. They issued a “hold” rating and a $10.00 price target for the company. Finally, Macquarie downgraded shares of Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 price target for the company. in a research report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $11.96.

Several institutional investors and hedge funds have recently made changes to their positions in OAS. Encap Energy Capital Fund Viii L.P. acquired a new position in shares of Oasis Petroleum during the 4th quarter worth $386,860,000. GMT Capital Corp acquired a new position in shares of Oasis Petroleum during the 3rd quarter worth $19,487,000. State Street Corp increased its stake in shares of Oasis Petroleum by 24.3% during the 2nd quarter. State Street Corp now owns 9,895,275 shares of the energy producer’s stock worth $79,657,000 after purchasing an additional 1,931,992 shares during the last quarter. Keeley Teton Advisors LLC acquired a new position in shares of Oasis Petroleum during the 4th quarter worth $13,909,000. Finally, Victory Capital Management Inc. increased its stake in shares of Oasis Petroleum by 70.3% during the 3rd quarter. Victory Capital Management Inc. now owns 3,248,238 shares of the energy producer’s stock worth $29,624,000 after purchasing an additional 1,340,371 shares during the last quarter. Institutional investors own 85.49% of the company’s stock.

Oasis Petroleum (NYSE:OAS) opened at $7.97 on Wednesday. Oasis Petroleum has a 12 month low of $6.69 and a 12 month high of $15.27. The company has a market cap of $2,150.00, a price-to-earnings ratio of -30.65 and a beta of 2.23. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.72 and a current ratio of 0.76.

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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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