Oasis Midstream Partners LP (NYSE:OMP) Given Consensus Rating of “Hold” by Analysts

Oasis Midstream Partners LP (NYSE:OMP) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.00.

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OMP has been the topic of a number of research reports. Piper Jaffray Companies initiated coverage on shares of Oasis Midstream Partners in a report on Wednesday, July 17th. They issued an “overweight” rating and a $28.00 price objective on the stock. Wells Fargo & Co set a $21.00 price objective on shares of Oasis Midstream Partners and gave the stock a “hold” rating in a report on Monday, August 12th. Zacks Investment Research downgraded shares of Oasis Midstream Partners from a “buy” rating to a “hold” rating in a report on Saturday, October 12th. Credit Suisse Group decreased their target price on shares of Oasis Midstream Partners from $28.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. Finally, ValuEngine cut shares of Oasis Midstream Partners from a “hold” rating to a “sell” rating in a research note on Friday, November 1st.

Shares of OMP traded up $0.22 on Tuesday, reaching $18.36. The company’s stock had a trading volume of 472,267 shares, compared to its average volume of 110,048. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $599.52 million, a P/E ratio of 10.09, a PEG ratio of 0.51 and a beta of 1.66. The stock’s 50 day simple moving average is $16.75 and its two-hundred day simple moving average is $18.61. Oasis Midstream Partners has a 12-month low of $14.26 and a 12-month high of $22.35.

Oasis Midstream Partners (NYSE:OMP) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.09. The company had revenue of $100.69 million for the quarter, compared to the consensus estimate of $104.50 million. Oasis Midstream Partners had a net margin of 25.88% and a return on equity of 16.69%. Analysts expect that Oasis Midstream Partners will post 3.15 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 11.22%. The ex-dividend date of this dividend is Thursday, November 14th. Oasis Midstream Partners’s payout ratio is 107.69%.

In other news, Director Thomas B. Nusz bought 3,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of $16.12 per share, for a total transaction of $48,360.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OMP. JPMorgan Chase & Co. increased its holdings in shares of Oasis Midstream Partners by 3.8% in the second quarter. JPMorgan Chase & Co. now owns 459,586 shares of the company’s stock worth $10,028,000 after purchasing an additional 16,789 shares during the last quarter. Albert D Mason Inc. lifted its position in shares of Oasis Midstream Partners by 1.6% in the second quarter. Albert D Mason Inc. now owns 62,625 shares of the company’s stock worth $1,346,000 after buying an additional 980 shares in the last quarter. Morgan Stanley lifted its position in shares of Oasis Midstream Partners by 24.1% in the second quarter. Morgan Stanley now owns 447,554 shares of the company’s stock worth $9,622,000 after buying an additional 86,914 shares in the last quarter. Nwam LLC lifted its position in shares of Oasis Midstream Partners by 12.3% in the second quarter. Nwam LLC now owns 35,653 shares of the company’s stock worth $767,000 after buying an additional 3,904 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Oasis Midstream Partners by 52,460.0% in the second quarter. BNP Paribas Arbitrage SA now owns 2,628 shares of the company’s stock worth $57,000 after buying an additional 2,623 shares in the last quarter. Institutional investors own 19.94% of the company’s stock.

About Oasis Midstream Partners

Oasis Midstream Partners LP provides crude oil, natural gas, and water-related midstream services in North America. It offers natural gas gathering, compression, processing, and gas lift services; crude oil gathering, stabilization, blending, and storage services; produced and flowback water gathering and disposal services; freshwater supply and distribution services; and crude oil transportation services from the Wild Basin operating area to Johnson's Corner.

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