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.
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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