Oasis Midstream Partners (NASDAQ:OMP) Reaches New 1-Year High at $29.00

Oasis Midstream Partners LP (NASDAQ:OMP)’s share price reached a new 52-week high on Friday . The stock traded as high as $29.00 and last traded at $28.98, with a volume of 5640 shares traded. The stock had previously closed at $27.62.

A number of research firms recently commented on OMP. Royal Bank of Canada increased their target price on Oasis Midstream Partners from $19.00 to $22.00 in a research note on Tuesday, March 30th. Wells Fargo & Company raised their price objective on Oasis Midstream Partners from $22.00 to $23.00 and gave the company an “equal weight” rating in a research note on Thursday, May 13th. Zacks Investment Research cut Oasis Midstream Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, May 26th. Finally, TheStreet cut Oasis Midstream Partners from a “b” rating to a “c+” rating in a research note on Tuesday, May 4th.

The company’s 50 day moving average is $23.57. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 8.05 and a beta of 2.80. The company has a current ratio of 2.00, a quick ratio of 1.87 and a debt-to-equity ratio of 2.19.

Oasis Midstream Partners (NASDAQ:OMP) last announced its earnings results on Sunday, May 2nd. The company reported $0.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.13). The business had revenue of $100.37 million for the quarter, compared to the consensus estimate of $77.60 million. Oasis Midstream Partners had a net margin of 35.24% and a return on equity of 26.66%. On average, analysts forecast that Oasis Midstream Partners LP will post 3 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, May 27th. Investors of record on Monday, May 17th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Friday, May 14th. This represents a $2.20 annualized dividend and a dividend yield of 7.60%. This is an increase from Oasis Midstream Partners’s previous quarterly dividend of $0.54. Oasis Midstream Partners’s dividend payout ratio (DPR) is 48.14%.

Several institutional investors have recently modified their holdings of OMP. Marshall Wace North America L.P. purchased a new position in shares of Oasis Midstream Partners during the 1st quarter valued at $41,000. Dorsey Wright & Associates purchased a new position in shares of Oasis Midstream Partners during the 1st quarter valued at $52,000. Captrust Financial Advisors purchased a new position in shares of Oasis Midstream Partners during the 1st quarter valued at $57,000. Citigroup Inc. lifted its stake in shares of Oasis Midstream Partners by 174.6% during the 4th quarter. Citigroup Inc. now owns 8,325 shares of the company’s stock valued at $98,000 after buying an additional 5,293 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Oasis Midstream Partners in the 1st quarter worth $202,000. Institutional investors and hedge funds own 6.08% of the company’s stock.

Oasis Midstream Partners Company Profile (NASDAQ:OMP)

Oasis Midstream Partners LP, together with its subsidiaries, provides crude oil, natural gas, and water-related midstream services in North America. It offers natural gas gathering, compression, processing, and gas lift supply services; crude oil gathering, stabilization, blending, and storage services; produced and flowback water gathering and disposal services; freshwater distribution services; and crude oil transportation services from the Wild Basin operating area to Johnson's Corner.

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