Oasis Petroleum Sees Unusually Large Options Volume (OAS)
Shares of Oasis Petroleum (NYSE:OAS) saw some unusual options trading on Tuesday. Stock investors acquired 12,977 call options on the company, Analyst Ratings News reports. This represents an increase of approximately 884% compared to the typical volume of 1,319 call options.
A number of analysts have recently weighed in on OAS shares. Analysts at SunTrust reiterated a “buy” rating on shares of Oasis Petroleum in a research note to investors on Friday, January 17th. They now have a $68.00 price target on the stock, down previously from $70.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Oasis Petroleum in a research note to investors on Monday, December 9th. They now have a $54.00 price target on the stock, down previously from $59.00. Finally, analysts at Goldman Sachs Group Inc. cut their price target on shares of Oasis Petroleum to $68.00 in a research note to investors on Wednesday, December 4th. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Oasis Petroleum has a consensus rating of “Buy” and an average price target of $57.19.
Shares of Oasis Petroleum (NYSE:OAS) traded down 3.81% during mid-day trading on Tuesday, hitting $39.68. 4,015,504 shares of the company’s stock traded hands. Oasis Petroleum has a 52-week low of $31.58 and a 52-week high of $57.33. The stock’s 50-day moving average is $44.15 and its 200-day moving average is $45.7. The company has a market cap of $3.718 billion and a P/E ratio of 17.71.
Oasis Petroleum Inc is an exploration and production company focused on the acquisition and development of unconventional oil and natural gas resources in the Montana and North Dakota regions of the Williston Basin.
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