Oasis Midstream Partners LP (OMP) Coverage Initiated by Analysts at Morgan Stanley

Stock analysts at Morgan Stanley started coverage on shares of Oasis Midstream Partners LP (NYSE:OMP) in a report released on Monday, October 16th, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $22.00 price target on the stock. Morgan Stanley’s price target would indicate a potential upside of 32.85% from the company’s previous close.

A number of other research analysts have also weighed in on the company. Goldman Sachs Group, Inc. (The) started coverage on Oasis Midstream Partners in a report on Monday, October 16th. They issued a “buy” rating and a $24.00 price objective on the stock. Wells Fargo & Company started coverage on Oasis Midstream Partners in a report on Monday, October 16th. They issued a “market perform” rating and a $21.00 price objective on the stock. J P Morgan Chase & Co started coverage on Oasis Midstream Partners in a report on Monday, October 16th. They issued an “overweight” rating and a $22.00 price objective on the stock. Royal Bank Of Canada started coverage on Oasis Midstream Partners in a report on Monday, October 16th. They issued an “outperform” rating and a $21.00 price objective on the stock. Finally, Citigroup Inc. started coverage on Oasis Midstream Partners in a report on Monday, October 16th. They issued a “buy” rating and a $21.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $21.86.

Shares of Oasis Midstream Partners (OMP) traded up 1.22% during trading on Monday, hitting $16.56. 70,420 shares of the stock were exchanged. The firm has a 50 day moving average of $17.08 and a 200-day moving average of $17.08. Oasis Midstream Partners has a 52-week low of $15.57 and a 52-week high of $18.24. The stock’s market cap is $227.70 million.

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In related news, insider Nickolas J. Lorentzatos purchased 5,900 shares of Oasis Midstream Partners stock in a transaction dated Monday, September 25th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $100,300.00. Following the acquisition, the insider now directly owns 5,900 shares in the company, valued at $100,300. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas B. Nusz purchased 5,000 shares of Oasis Midstream Partners stock in a transaction dated Monday, September 25th. The shares were bought at an average price of $17.00 per share, for a total transaction of $85,000.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $85,000. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 55,900 shares of company stock worth $950,300.

A hedge fund recently bought a new stake in Oasis Midstream Partners stock. State of New Jersey Common Pension Fund D purchased a new position in shares of Oasis Midstream Partners LP (NYSE:OMP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 150,000 shares of the company’s stock, valued at approximately $2,544,000. State of New Jersey Common Pension Fund D owned 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.

Analyst Recommendations for Oasis Midstream Partners (NYSE:OMP)

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