Oasis Petroleum Sees Unusually Large Options Volume (OAS)
Oasis Petroleum Inc. (NYSE:OAS) was the recipient of some unusual options trading on Tuesday. Stock investors acquired 3,361 put options on the company. This is an increase of approximately 775% compared to the typical daily volume of 384 put options.
In other Oasis Petroleum news, VP Nickolas J. Lorentzatos sold 10,985 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $8.77, for a total value of $96,338.45. Following the sale, the vice president now owns 182,351 shares of the company’s stock, valued at approximately $1,599,218.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.90% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Federated Investors Inc. PA bought a new position in Oasis Petroleum during the 2nd quarter worth $121,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Oasis Petroleum by 103.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock worth $138,000 after purchasing an additional 7,720 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in Oasis Petroleum during the 3rd quarter worth $142,000. Teacher Retirement System of Texas raised its position in Oasis Petroleum by 6.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 18,688 shares of the energy producer’s stock worth $150,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Sei Investments Co. raised its position in Oasis Petroleum by 16,797.3% during the 3rd quarter. Sei Investments Co. now owns 19,094 shares of the energy producer’s stock worth $174,000 after purchasing an additional 18,981 shares during the last quarter. 93.94% of the stock is owned by institutional investors and hedge funds.
Oasis Petroleum (NYSE:OAS) last announced its earnings results on Tuesday, November 7th. The energy producer reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. The business had revenue of $304.70 million during 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 revenue for the quarter was up 71.9% compared to the same quarter last year. During the same period last year, the company earned ($0.19) EPS. research analysts anticipate that Oasis Petroleum will post -0.09 earnings per share for the current fiscal year.
A number of brokerages have weighed in on OAS. Macquarie downgraded Oasis Petroleum from an “outperform” rating to a “neutral” rating and set a $11.00 target price on the stock. in a report on Thursday. BidaskClub downgraded Oasis Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Jefferies Group set a $14.00 target price on Oasis Petroleum and gave the company a “buy” rating in a report on Wednesday. Piper Jaffray Companies set a $14.00 target price on Oasis Petroleum and gave the company a “buy” rating in a report on Monday, October 16th. Finally, Guggenheim cut Oasis Petroleum from a “buy” rating to a “neutral” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.50.
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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Petroleum and related companies with MarketBeat.com's FREE daily email newsletter.