Wells Fargo & Company assumed coverage on shares of Oasis Midstream Partners LP (NYSE:OMP) in a research note released on Monday, October 16th, Marketbeat.com reports. The firm issued a market perform rating and a $21.00 price objective on the stock.
A number of other research analysts have also weighed in on the company. Citigroup Inc. assumed coverage on Oasis Midstream Partners in a research report on Monday, October 16th. They set a buy rating and a $21.00 price objective for the company. J P Morgan Chase & Co assumed coverage on Oasis Midstream Partners in a research report on Monday, October 16th. They set an overweight rating and a $22.00 price objective for the company. Finally, Royal Bank Of Canada assumed coverage on Oasis Midstream Partners in a research report on Monday, October 16th. They set an outperform rating and a $21.00 price objective for the company. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $21.86.
Shares of Oasis Midstream Partners (NYSE OMP) opened at 16.36 on Monday. The company’s 50 day moving average price is $17.08 and its 200 day moving average price is $17.08. The company’s market capitalization is $224.95 million. Oasis Midstream Partners has a 12 month low of $15.57 and a 12 month high of $18.24.
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In related news, President Michael H. Lou purchased 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was purchased at an average price of $17.00 per share, with a total value of $425,000.00. Following the completion of the purchase, the president now owns 25,000 shares of the company’s stock, valued at approximately $425,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nickolas J. Lorentzatos purchased 5,900 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were bought at an average cost of $17.00 per share, with a total value of $100,300.00. Following the purchase, the insider now directly owns 5,900 shares of the company’s stock, valued at approximately $100,300. The disclosure for this purchase can be found here. Insiders have acquired 55,900 shares of company stock valued at $950,300 in the last 90 days.
A hedge fund recently bought a new stake in Oasis Midstream Partners stock. State of New Jersey Common Pension Fund D acquired a new position in Oasis Midstream Partners LP (NYSE:OMP) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $2,544,000. State of New Jersey Common Pension Fund D owned approximately 1.09% of Oasis Midstream Partners as of its most recent SEC filing. Hedge funds and other institutional investors own 0.13% of the company’s stock.
About Oasis Midstream Partners
Oasis Midstream Partners LP is a master limited partnership company. The Company is formed to own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations exclusively within the Williston Basin. The Company’s midstream services include gas gathering, compression, processing and gas lift services; crude gathering, stabilization, blending, storage and transportation services; produced water gathering and disposal services; and freshwater distribution services.
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