Oasis Midstream Partners LP (NYSE:OMP) announced a quarterly dividend on Tuesday, October 30th, NASDAQ reports. Shareholders of record on Friday, November 9th will be paid a dividend of 0.43 per share on Tuesday, November 27th. This represents a $1.72 annualized dividend and a yield of 7.90%. The ex-dividend date of this dividend is Thursday, November 8th. This is a boost from Oasis Midstream Partners’s previous quarterly dividend of $0.41.
Oasis Midstream Partners has a dividend payout ratio of 90.1% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Oasis Midstream Partners to earn $2.93 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 56.0%.
Shares of NYSE:OMP traded down $0.07 on Friday, hitting $21.76. The stock had a trading volume of 23,732 shares, compared to its average volume of 36,944. Oasis Midstream Partners has a twelve month low of $16.15 and a twelve month high of $24.21. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $605.91 million and a PE ratio of 50.60.
Oasis Midstream Partners (NYSE:OMP) last issued its earnings results on Tuesday, August 7th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). Oasis Midstream Partners had a net margin of 14.65% and a return on equity of 6.16%. The firm had revenue of $66.56 million during the quarter, compared to analyst estimates of $42.46 million. On average, analysts forecast that Oasis Midstream Partners will post 1.82 EPS for the current year.
OMP has been the topic of several recent analyst reports. LADENBURG THALM/SH SH initiated coverage on shares of Oasis Midstream Partners in a research note on Thursday, August 16th. They issued a “buy” rating and a $28.00 target price on the stock. Citigroup boosted their target price on shares of Oasis Midstream Partners from $21.00 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of Oasis Midstream Partners from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Wednesday, September 12th. ValuEngine upgraded shares of Oasis Midstream Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $25.00 target price (up previously from $22.00) on shares of Oasis Midstream Partners in a research note on Monday, August 27th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $26.57.
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.
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