It Seems Oasis Petroleum Inc. Will Go Down. Had Bearish Options Activity

 It Seems Oasis Petroleum Inc. Will Go Down. Had Bearish Options Activity

In today’s session Oasis Petroleum Inc. (OAS) recorded an unusually high (10,740) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious OAS decrease. With 10,740 contracts traded and 3884 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: OAS161216P00013000 closed last at: $0.8 or 40.7% down. About 4.24M shares traded hands. Oasis Petroleum Inc. (NYSE:OAS) has risen 40.32% since April 21, 2016 and is uptrending. It has outperformed by 34.99% the S&P500.

Analysts await Oasis Petroleum Inc. (NYSE:OAS) to report earnings on February, 22. They expect $-0.12 earnings per share, down 340.00% or $0.17 from last year’s $0.05 per share. After $-0.17 actual earnings per share reported by Oasis Petroleum Inc. for the previous quarter, Wall Street now forecasts -29.41% EPS growth.

Oasis Petroleum Inc. (NYSE:OAS) Ratings Coverage

Out of 27 analysts covering Oasis Petroleum Inc. (NYSE:OAS), 17 rate it a “Buy”, 1 “Sell”, while 9 “Hold”. This means 63% are positive. Oasis Petroleum Inc. has been the topic of 79 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Goldman Sachs to “Sell” on Tuesday, October 18. The company was maintained on Wednesday, August 5 by RBC Capital Markets. Wunderlich upgraded the shares of OAS in a report on Thursday, August 6 to “Buy” rating. Jefferies upgraded Oasis Petroleum Inc. (NYSE:OAS) on Tuesday, May 10 to “Buy” rating. The rating was maintained by Topeka Capital Markets on Tuesday, May 10 with “Buy”. Jefferies maintained the shares of OAS in a report on Tuesday, August 18 with “Neutral” rating. The rating was initiated by Piper Jaffray with “Neutral” on Friday, June 10. Williams Capital Group maintained Oasis Petroleum Inc. (NYSE:OAS) rating on Wednesday, October 19. Williams Capital Group has “Buy” rating and $14 price target. The firm has “Buy” rating by Seaport Global given on Wednesday, March 30. UBS downgraded Oasis Petroleum Inc. (NYSE:OAS) rating on Tuesday, December 15. UBS has “Neutral” rating and $9.0 price target.

According to Zacks Investment Research, “Oasis Petroleum Inc. is an independent exploration and production company focused on the acquisition and development of oil and natural gas resources. The Company is currently focused on exploiting resource potential from the Bakken and Three Forks formations, which are present across a substantial majority of its acreage. Oasis Petroleum Inc. is based in Houston, Texas.”

Insitutional Activity: The institutional sentiment increased to 1.44 in Q2 2016. Its up 0.24, from 1.2 in 2016Q1. The ratio is positive, as 40 funds sold all Oasis Petroleum Inc. shares owned while 56 reduced positions. 48 funds bought stakes while 67 increased positions. They now own 155.56 million shares or 0.09% more from 155.43 million shares in 2016Q1.
Metropolitan Life Ny accumulated 0.01% or 126,851 shares. Dimensional Fund Advsrs Lp last reported 4.47 million shares in the company. Blackrock Lc has 0% invested in the company for 85,194 shares. Gsa Cap Partners Llp owns 17,730 shares or 0.01% of their US portfolio. Nationwide Fund Advsr accumulated 118,512 shares or 0% of the stock. Cubist Systematic Strategies Ltd Co last reported 0.01% of its portfolio in the stock. Ngam Advsr Lp last reported 0.02% of its portfolio in the stock. Penn Capital Mgmt Com holds 0.63% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 1.19M shares. Moreover, National Bank Of New York Mellon has 0% invested in Oasis Petroleum Inc. (NYSE:OAS) for 1.02 million shares. Weiss Multi has 0.18% invested in the company for 242,244 shares. Cap Research Investors owns 2.10 million shares or 0.01% of their US portfolio. Alyeska Invest Grp Lp holds 0.22% of its portfolio in Oasis Petroleum Inc. (NYSE:OAS) for 2.29 million shares. First Allied Advisory Svcs, a Missouri-based fund reported 10,275 shares. Stephens Ar reported 10,000 shares or 0% of all its holdings. Swiss Retail Bank holds 0% or 278,150 shares in its portfolio.

Insider Transactions: Since May 25, 2016, the stock had 0 insider buys, and 3 sales for $36.42 million net activity. On Monday, September 26 Reid Taylor L sold $235,500 worth of the stock or 25,000 shares. 2.98 million shares with value of $34.40M were sold by SPO ADVISORY CORP on Tuesday, October 4. Shares for $1.78 million were sold by Nusz Thomas B.

Oasis Petroleum Inc. is an independent exploration and production company. The company has a market cap of $3.01 billion. The Firm 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. It currently has negative earnings. The Company’s divisions include Exploration and Production, which is engaged in the acquisition and development of oil and natural gas properties; Well Services, which performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC , and Midstream Services, which performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA.

OAS Company Profile

Oasis Petroleum Inc., incorporated on February 25, 2010, is an independent exploration and production company. The Firm 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. The Company’s divisions include Exploration and Production, Well Services, and Midstream Services. The exploration and production segment is engaged in the acquisition and development of oil and natural gas properties. The well services business segment (OWS) performs completion services for the Company’s oil and natural gas wells operated by Oasis Petroleum North America LLC (OPNA). The midstream services business segment (OMS) performs salt water gathering and disposal and other midstream services for the Company’s oil and natural gas wells operated by OPNA. The Company’s projects include Williston Basin, West Williston and East Nesson. The Firm also operates a well services business through Oasis Well Services LLC (OWS) and a midstream services business through Oasis Midstream Services LLC (OMS).

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