Oasis Midstream Partners (NYSE:OMP) had its target price decreased by Credit Suisse Group from $28.00 to $23.00 in a research report sent to investors on Tuesday, The Fly reports. Credit Suisse Group currently has an outperform rating on the stock.
Several other research analysts have also recently commented on the company. Piper Jaffray Companies began coverage on Oasis Midstream Partners in a research report on Wednesday, July 17th. They issued an overweight rating and a $28.00 target price for the company. ValuEngine cut Oasis Midstream Partners from a sell rating to a strong sell rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research cut Oasis Midstream Partners from a strong-buy rating to a hold rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $25.29.
Shares of OMP stock opened at $15.88 on Tuesday. The stock has a market cap of $539.46 million, a P/E ratio of 8.73, a price-to-earnings-growth ratio of 0.47 and a beta of 1.47. Oasis Midstream Partners has a one year low of $14.98 and a one year high of $24.20. The stock has a fifty day moving average price of $20.63 and a 200 day moving average price of $20.12. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.97 and a quick ratio of 0.90.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Friday, August 16th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from Oasis Midstream Partners’s previous quarterly dividend of $0.47. This represents a $1.96 dividend on an annualized basis and a dividend yield of 12.34%. Oasis Midstream Partners’s dividend payout ratio (DPR) is presently 103.30%.
In related news, Director Thomas B. Nusz acquired 3,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average cost of $16.12 per share, with a total value of $48,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Hedge funds and other institutional investors have recently modified their holdings of the business. Albert D Mason Inc. increased its stake in shares of Oasis Midstream Partners by 5.6% in the first quarter. Albert D Mason Inc. now owns 61,645 shares of the company’s stock valued at $1,253,000 after buying an additional 3,260 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Oasis Midstream Partners by 39.7% in the fourth quarter. Deutsche Bank AG now owns 161,019 shares of the company’s stock valued at $2,574,000 after buying an additional 45,719 shares in the last quarter. Mascoma Wealth Management LLC acquired a new stake in shares of Oasis Midstream Partners in the first quarter valued at $52,000. Nwam LLC increased its stake in shares of Oasis Midstream Partners by 12.3% in the second quarter. Nwam LLC now owns 35,653 shares of the company’s stock valued at $767,000 after buying an additional 3,904 shares in the last quarter. Finally, Globeflex Capital L P acquired a new stake in shares of Oasis Midstream Partners in the first quarter valued at $1,525,000. 19.76% of the stock is owned by 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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