Brokerages Set Oasis Midstream Partners LP (OMP) PT at $27.17

Shares of Oasis Midstream Partners LP (NYSE:OMP) have received an average recommendation of “Buy” from the eight analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $27.17.

OMP has been the subject of several recent analyst reports. Ifs Securities initiated coverage on shares of Oasis Midstream Partners in a report on Monday, October 29th. They issued a “strong-buy” rating and a $30.00 price target for the company. Zacks Investment Research lowered shares of Oasis Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. ValuEngine lowered shares of Oasis Midstream Partners from a “hold” rating to a “sell” rating in a report on Friday, November 23rd. Morgan Stanley upped their target price on shares of Oasis Midstream Partners from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, November 30th. Finally, Credit Suisse Group assumed coverage on shares of Oasis Midstream Partners in a report on Thursday, October 11th. They set an “outperform” rating and a $29.00 target price for the company.

In other Oasis Midstream Partners news, Director Phil D. Kramer bought 5,000 shares of the company’s stock in a transaction dated Wednesday, December 19th. The stock was acquired at an average price of $17.11 per share, with a total value of $85,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mascoma Wealth Management LLC purchased a new stake in shares of Oasis Midstream Partners in the third quarter valued at about $145,000. Creative Planning purchased a new stake in shares of Oasis Midstream Partners in the third quarter valued at about $221,000. Stockman Wealth Management Inc. purchased a new stake in shares of Oasis Midstream Partners in the third quarter valued at about $223,000. Taylor Wealth Management Partners grew its holdings in shares of Oasis Midstream Partners by 40.0% in the third quarter. Taylor Wealth Management Partners now owns 10,500 shares of the company’s stock valued at $234,000 after purchasing an additional 3,000 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Oasis Midstream Partners by 12.3% in the third quarter. Wells Fargo & Company MN now owns 49,061 shares of the company’s stock valued at $1,092,000 after purchasing an additional 5,357 shares during the period. 20.03% of the stock is owned by hedge funds and other institutional investors.

NYSE OMP traded down $0.39 on Wednesday, hitting $19.02. The company had a trading volume of 105,990 shares, compared to its average volume of 96,850. The firm has a market cap of $533.79 million, a PE ratio of 44.23, a PEG ratio of 0.50 and a beta of 1.74. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.98 and a current ratio of 0.98. Oasis Midstream Partners has a 12-month low of $14.98 and a 12-month high of $24.21.

Oasis Midstream Partners (NYSE:OMP) last issued its quarterly earnings results on Tuesday, November 6th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The company had revenue of $71.47 million during the quarter, compared to analysts’ expectations of $71.90 million. Oasis Midstream Partners had a return on equity of 7.74% and a net margin of 17.90%. On average, equities analysts predict that Oasis Midstream Partners will post 1.82 EPS for the current fiscal year.

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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Analyst Recommendations for Oasis Midstream Partners (NYSE:OMP)

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