Oasis Midstream Partners LP (OMP) Receives Consensus Rating of “Buy” from Analysts

Shares of Oasis Midstream Partners LP (NYSE:OMP) have earned a consensus rating of “Buy” from the nine research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $26.71.

Several research firms recently issued reports on OMP. Zacks Investment Research raised shares of Oasis Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Morgan Stanley increased their price target on shares of Oasis Midstream Partners from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, November 30th. Wells Fargo & Co set a $24.00 price target on shares of Oasis Midstream Partners and gave the stock a “hold” rating in a research report on Tuesday, March 5th. Finally, ValuEngine raised shares of Oasis Midstream Partners from a “sell” rating to a “hold” rating in a research report on Monday, February 4th.

NYSE:OMP traded down $0.11 during mid-day trading on Monday, hitting $20.32. The company’s stock had a trading volume of 67,902 shares, compared to its average volume of 56,277. Oasis Midstream Partners has a fifty-two week low of $14.98 and a fifty-two week high of $24.21. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $559.41 million, a PE ratio of 11.16, a price-to-earnings-growth ratio of 0.55 and a beta of 1.84.

Oasis Midstream Partners (NYSE:OMP) last posted its quarterly earnings results on Tuesday, February 26th. The company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.03. Oasis Midstream Partners had a net margin of 18.43% and a return on equity of 8.47%. The firm had revenue of $72.18 million during the quarter, compared to analyst estimates of $81.60 million. On average, research analysts expect that Oasis Midstream Partners will post 2.88 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were issued a dividend of $0.45 per share. This is a positive change from Oasis Midstream Partners’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Thursday, February 14th. This represents a $1.80 annualized dividend and a dividend yield of 8.86%. Oasis Midstream Partners’s dividend payout ratio (DPR) is presently 98.90%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tortoise Index Solutions LLC increased its holdings in shares of Oasis Midstream Partners by 202.2% during the fourth quarter. Tortoise Index Solutions LLC now owns 3,913 shares of the company’s stock worth $63,000 after buying an additional 2,618 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Oasis Midstream Partners by 12.3% during the third quarter. Wells Fargo & Company MN now owns 49,061 shares of the company’s stock worth $1,092,000 after buying an additional 5,357 shares in the last quarter. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of Oasis Midstream Partners during the fourth quarter worth approximately $162,000. Acadian Asset Management LLC increased its holdings in shares of Oasis Midstream Partners by 32.1% during the fourth quarter. Acadian Asset Management LLC now owns 70,087 shares of the company’s stock worth $1,122,000 after buying an additional 17,044 shares in the last quarter. Finally, Nwam LLC acquired a new stake in shares of Oasis Midstream Partners during the fourth quarter worth approximately $284,000. 27.15% of the stock is owned by institutional investors.

Oasis Midstream Partners Company Profile

Oasis Midstream Partners LP provides crude oil, natural gas, and water-related midstream services in North America. It is involved in various activities, including natural gas gathering, compression, processing, and gas lift supply; crude oil gathering, stabilization, blending, and storage; gathering, transportation, gathering and disposal of produced and flow back water; freshwater distribution; and supply and distribution of fracwater and flushwater.

Featured Story: What is the quiet period?

Analyst Recommendations for Oasis Midstream Partners (NYSE:OMP)

Receive News & Ratings for Oasis Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.