Oasis Petroleum Inc. (NYSE:OAS) saw unusually large options trading activity on Monday. Investors purchased 5,558 put options on the stock. This is an increase of approximately 914% compared to the typical daily volume of 548 put options.
Shares of Oasis Petroleum (NYSE OAS) traded up $0.06 during trading on Wednesday, hitting $8.29. The stock had a trading volume of 6,992,475 shares, compared to its average volume of 9,950,000. Oasis Petroleum has a 1-year low of $6.69 and a 1-year high of $15.27. The firm has a market capitalization of $2,630.00, a P/E ratio of -43.63 and a beta of 2.20. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.62 and a current ratio of 0.65.
Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Tuesday, February 27th. The energy producer reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.07. The business had revenue of $404.47 million during the quarter, compared to the consensus estimate of $328.78 million. Oasis Petroleum had a return on equity of 0.16% and a net margin of 9.92%. analysts forecast that Oasis Petroleum will post 0.21 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Trust N.A. acquired a new position in Oasis Petroleum in the fourth quarter valued at approximately $108,000. Cerebellum GP LLC acquired a new position in Oasis Petroleum in the fourth quarter valued at approximately $129,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Oasis Petroleum by 103.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,165 shares of the energy producer’s stock valued at $138,000 after purchasing an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Oasis Petroleum in the third quarter valued at approximately $142,000. Finally, Zeke Capital Advisors LLC acquired a new position in Oasis Petroleum in the fourth quarter valued at approximately $151,000. 89.14% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on OAS shares. UBS Group started coverage on Oasis Petroleum in a report on Wednesday, March 7th. They set a “neutral” rating and a $9.00 price target on the stock. Piper Jaffray Companies set a $15.00 price target on Oasis Petroleum and gave the stock a “buy” rating in a report on Thursday, December 14th. ValuEngine lowered Oasis Petroleum from a “sell” rating to a “strong sell” rating in a report on Thursday, March 1st. TheStreet upgraded Oasis Petroleum from a “d+” rating to a “c” rating in a report on Wednesday, February 28th. Finally, Morgan Stanley lifted their price target on Oasis Petroleum from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and twelve have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $11.50.
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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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