Piper Jaffray Companies Initiates Coverage on Oasis Midstream Partners (NYSE:OMP)

Piper Jaffray Companies assumed coverage on shares of Oasis Midstream Partners (NYSE:OMP) in a research note issued to investors on Wednesday morning, BenzingaRatingsTable reports. The firm issued an overweight rating and a $28.00 price objective on the stock. Piper Jaffray Companies also issued estimates for Oasis Midstream Partners’ Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.78 EPS, FY2019 earnings at $2.68 EPS, Q1 2020 earnings at $0.79 EPS, Q2 2020 earnings at $0.77 EPS, Q3 2020 earnings at $0.77 EPS, Q4 2020 earnings at $0.75 EPS, FY2020 earnings at $3.08 EPS and FY2021 earnings at $2.76 EPS.

Other equities analysts have also issued reports about the company. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. Zacks Investment Research lowered HEXO from a hold rating to a sell rating in a research report on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $26.56.

Shares of NYSE:OMP opened at $21.73 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.62. Oasis Midstream Partners has a 1 year low of $14.98 and a 1 year high of $24.21. The stock has a market cap of $734.37 million, a PE ratio of 10.50, a P/E/G ratio of 0.63 and a beta of 1.48. The business’s 50-day moving average price is $20.63.



Oasis Midstream Partners (NYSE:OMP) last issued its earnings results on Tuesday, May 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. Oasis Midstream Partners had a return on equity of 10.46% and a net margin of 20.42%. The business had revenue of $91.65 million during the quarter, compared to analysts’ expectations of $85.60 million. Research analysts expect that Oasis Midstream Partners will post 3.14 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. acquired a new position in Oasis Midstream Partners during the 1st quarter worth approximately $41,000. Mascoma Wealth Management LLC acquired a new position in Oasis Midstream Partners during the 1st quarter worth approximately $52,000. Marshall Wace LLP acquired a new position in Oasis Midstream Partners during the 1st quarter worth approximately $205,000. Fort Washington Investment Advisors Inc. OH acquired a new position in Oasis Midstream Partners during the 1st quarter worth approximately $507,000. Finally, Nwam LLC lifted its position in Oasis Midstream Partners by 78.7% during the 1st quarter. Nwam LLC now owns 31,749 shares of the company’s stock worth $645,000 after acquiring an additional 13,984 shares in the last quarter. 19.94% of the stock is currently owned by hedge funds and other institutional investors.

Oasis Midstream Partners Company Profile

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.

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Analyst Recommendations for Oasis Midstream Partners (NYSE:OMP)

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