ValuEngine cut shares of Oasis Midstream Partners (NYSE:OMP) from a sell rating to a strong sell rating in a report released on Thursday morning, ValuEngine reports.
A number of other equities research analysts have also issued reports on OMP. Zacks Investment Research upgraded Oasis Midstream Partners from a hold rating to a strong-buy rating and set a $24.00 target price for the company in a research note on Wednesday, May 15th. Piper Jaffray Companies assumed coverage on Oasis Midstream Partners in a research note on Wednesday, July 17th. They issued an overweight rating and a $28.00 target price for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $26.75.
Shares of Oasis Midstream Partners stock traded down $0.40 during trading hours on Thursday, reaching $21.25. The stock had a trading volume of 163,430 shares, compared to its average volume of 120,556. The business’s 50 day simple moving average is $21.24. The firm has a market capitalization of $718.04 million, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.63 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 has a 1 year low of $14.98 and a 1 year high of $24.21.
Oasis Midstream Partners (NYSE:OMP) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.01. The company had revenue of $91.65 million for the quarter, compared to the consensus estimate of $85.60 million. Oasis Midstream Partners had a return on equity of 10.46% and a net margin of 20.42%. On average, equities analysts predict that Oasis Midstream Partners will post 3.14 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC grew its stake in Oasis Midstream Partners by 1.3% during the 1st quarter. Acadian Asset Management LLC now owns 70,994 shares of the company’s stock valued at $1,443,000 after purchasing an additional 907 shares in the last quarter. Albert D Mason Inc. grew its stake in Oasis Midstream Partners by 1.6% during the 2nd quarter. Albert D Mason Inc. now owns 62,625 shares of the company’s stock valued at $1,346,000 after purchasing an additional 980 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Oasis Midstream Partners by 0.4% during the 1st 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. Marshall Wace North America L.P. acquired a new stake in Oasis Midstream Partners during the 1st quarter valued at approximately $41,000. Finally, Mascoma Wealth Management LLC acquired a new stake in Oasis Midstream Partners during the 1st quarter valued at approximately $52,000. Hedge funds and other institutional investors own 19.78% of the company’s stock.
About Oasis Midstream Partners
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.
Recommended Story: How to Invest in the Dividend Aristocrat Index
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.