Oasis Petroleum Target of Unusually High Options Trading (OAS)

Oasis Petroleum Inc. (NYSE:OAS) was the recipient of unusually large options trading activity on Monday. Stock investors acquired 5,558 put options on the stock. This represents an increase of approximately 914% compared to the average volume of 548 put options.

Shares of Oasis Petroleum (OAS) opened at $7.93 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.76 and a quick ratio of 0.72. Oasis Petroleum has a fifty-two week low of $6.69 and a fifty-two week high of $15.27.

OAS has been the topic of several recent research reports. Evercore ISI raised shares of Oasis Petroleum from an “in-line” rating to an “outperform” rating in a report on Friday, November 3rd. Guggenheim lowered shares of Oasis Petroleum from a “buy” rating to a “neutral” rating in a report on Wednesday, December 13th. Royal Bank of Canada reissued a “buy” rating and issued a $14.00 target price on shares of Oasis Petroleum in a report on Wednesday, December 13th. Williams Capital set a $13.00 target price on shares of Oasis Petroleum and gave the stock a “buy” rating in a report on Tuesday, December 12th. Finally, SunTrust Banks lowered shares of Oasis Petroleum from a “buy” rating to a “hold” rating and set a $11.00 target price for the company. in a report on Tuesday, December 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fourteen have assigned a buy rating to the stock. Oasis Petroleum presently has an average rating of “Hold” and an average target price of $11.96.

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Trust N.A. purchased a new stake in Oasis Petroleum during the 4th quarter valued at approximately $108,000. Cerebellum GP LLC purchased a new stake in Oasis Petroleum during the 4th quarter valued at approximately $129,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 valued at $138,000 after buying an additional 7,720 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Oasis Petroleum during the 3rd quarter valued at approximately $142,000. Finally, Zeke Capital Advisors LLC purchased a new stake in Oasis Petroleum during the 4th quarter valued at approximately $151,000. 85.49% of the stock is owned by institutional investors and hedge funds.

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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.

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