Equities research analysts at Royal Bank Of Canada initiated coverage on shares of Oasis Midstream Partners LP (NYSE:OMP) in a research report issued to clients and investors on Monday, October 16th, Marketbeat Ratings reports. The brokerage set an “outperform” rating and a $21.00 price target on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 26.81% from the company’s previous close.
Shares of Oasis Midstream Partners (OMP) opened at 16.56 on Monday. The company’s market cap is $227.70 million. The company has a 50 day moving average price of $17.08 and a 200 day moving average price of $17.08. Oasis Midstream Partners has a one year low of $15.57 and a one year high of $18.24.
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In other Oasis Midstream Partners news, insider Nickolas J. Lorentzatos acquired 5,900 shares of the company’s stock in a transaction on Monday, September 25th. The shares were bought at an average cost of $17.00 per share, for a total transaction of $100,300.00. Following the completion of the purchase, the insider now owns 5,900 shares in the company, valued at approximately $100,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael H. Lou acquired 25,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was acquired at an average price of $17.00 per share, for a total transaction 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 disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 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 third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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. 0.13% of the stock is owned by institutional investors and hedge funds.
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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