Oasis Midstream Partners LP (NYSE:OMP) Given Consensus Recommendation of “Buy” by Brokerages

Oasis Midstream Partners LP (NYSE:OMP) has earned a consensus recommendation of “Buy” from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $26.38.

OMP has been the subject of a number of recent research reports. Zacks Investment Research upgraded Oasis Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. ValuEngine downgraded Oasis Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

Shares of NYSE:OMP traded up $0.25 on Wednesday, reaching $21.55. 2,884 shares of the company traded hands, compared to its average volume of 78,835. Oasis Midstream Partners has a fifty-two week low of $14.98 and a fifty-two week high of $24.21. The firm has a 50 day simple moving average of $20.45. The stock has a market cap of $753.63 million, a PE ratio of 11.81, a PEG ratio of 0.62 and a beta of 1.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90.

Oasis Midstream Partners (NYSE:OMP) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. Oasis Midstream Partners had a return on equity of 10.46% and a net margin of 20.42%. The company had revenue of $91.65 million during the quarter, compared to the consensus estimate of $85.60 million. As a group, research analysts forecast that Oasis Midstream Partners will post 3.26 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Oasis Midstream Partners by 0.4% in the first quarter. JPMorgan Chase & Co. now owns 442,797 shares of the company’s stock valued at $8,998,000 after purchasing an additional 1,755 shares in the last quarter. Cohen & Steers Inc. lifted its holdings in shares of Oasis Midstream Partners by 90.0% in the fourth quarter. Cohen & Steers Inc. now owns 226,991 shares of the company’s stock valued at $3,630,000 after purchasing an additional 107,544 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of Oasis Midstream Partners by 39.7% in the fourth quarter. Deutsche Bank AG now owns 161,019 shares of the company’s stock valued at $2,574,000 after purchasing an additional 45,719 shares in the last quarter. Intrinsic Edge Capital Management LLC lifted its holdings in shares of Oasis Midstream Partners by 17.0% in the fourth quarter. Intrinsic Edge Capital Management LLC now owns 137,900 shares of the company’s stock valued at $2,205,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in shares of Oasis Midstream Partners by 207.4% in the fourth quarter. Citigroup Inc. now owns 99,767 shares of the company’s stock valued at $1,595,000 after purchasing an additional 67,317 shares in the last quarter. Institutional investors own 19.94% of the company’s stock.

Oasis Midstream Partners Company Profile

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.

Further Reading: 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.