Oasis Midstream Partners (OMP) Downgraded by Zacks Investment Research to “Sell”

Oasis Midstream Partners (NYSE:OMP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

According to Zacks, “Oasis Midstream Partners LP is a master limited partnership company. It owns, develops, operate and acquire a diversified portfolio of midstream assets primarily in North America. 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. It principally operates primary areas include Wild Basin and Outside of the Wild Basin. Oasis Midstream Partners LP is based in Houston, United States. “

Other equities research analysts have also recently issued research reports about the stock. Johnson Rice started coverage on shares of Oasis Midstream Partners in a report on Tuesday, October 24th. They set a “buy” rating on the stock. Citigroup started coverage on shares of Oasis Midstream Partners in a report on Monday, October 16th. They set a “buy” rating and a $21.00 price target on the stock. Goldman Sachs Group started coverage on shares of Oasis Midstream Partners in a report on Monday, October 16th. They set a “buy” rating and a $24.00 price target on the stock. Wells Fargo & Co started coverage on shares of Oasis Midstream Partners in a report on Monday, October 16th. They set a “market perform” rating and a $21.00 price target on the stock. Finally, Credit Suisse Group started coverage on shares of Oasis Midstream Partners in a report on Friday, January 5th. They set a “neutral” rating and a $19.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $21.50.

Oasis Midstream Partners (NYSE:OMP) traded up $0.05 during trading hours on Thursday, hitting $18.47. 33,800 shares of the stock were exchanged, compared to its average volume of 40,067. Oasis Midstream Partners has a 1 year low of $15.57 and a 1 year high of $18.93. The stock has a market capitalization of $508.14 and a PE ratio of 10.20.

Oasis Midstream Partners (NYSE:OMP) last posted its quarterly earnings results on Tuesday, November 7th. The company reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.33). equities research analysts expect that Oasis Midstream Partners will post 1.1 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the stock. Salem Investment Counselors Inc. purchased a new stake in Oasis Midstream Partners in the third quarter worth approximately $187,000. EJF Capital LLC purchased a new stake in Oasis Midstream Partners in the third quarter worth approximately $254,000. Castleton Investment Management LLC purchased a new stake in Oasis Midstream Partners in the third quarter worth approximately $678,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Oasis Midstream Partners in the third quarter worth approximately $1,165,000. Finally, Center Coast Capital Advisors LP purchased a new stake in Oasis Midstream Partners in the third quarter worth approximately $1,357,000. Institutional investors own 25.52% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://sportsperspectives.com/2018/01/16/oasis-midstream-partners-omp-downgraded-by-zacks-investment-research-to-sell.html.

Oasis Midstream Partners Company Profile

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.

Get a free copy of the Zacks research report on Oasis Midstream Partners (OMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Oasis Midstream Partners (NYSE:OMP)

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.

Latest News

Leave a Reply