Oasis Midstream Partners (NASDAQ:OMP) Sets New 1-Year High at $22.81

Oasis Midstream Partners LP (NASDAQ:OMP) shares reached a new 52-week high on Tuesday . The stock traded as high as $22.81 and last traded at $22.70, with a volume of 1500 shares. The stock had previously closed at $22.30.

Several research firms have weighed in on OMP. Royal Bank of Canada upped their price objective on shares of Oasis Midstream Partners from $19.00 to $22.00 in a report on Tuesday, March 30th. Zacks Investment Research raised shares of Oasis Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $23.00 price objective on the stock in a report on Thursday, March 25th. Three investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. Oasis Midstream Partners currently has a consensus rating of “Buy” and an average price target of $16.00.

The stock has a market capitalization of $744.55 million, a PE ratio of 314.47 and a beta of 2.87. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.43 and a quick ratio of 1.33. The business’s fifty day moving average price is $19.36 and its 200-day moving average price is $14.21.

Oasis Midstream Partners (NASDAQ:OMP) last announced its quarterly earnings results on Wednesday, February 24th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.94. Oasis Midstream Partners had a net margin of 1.68% and a return on equity of 16.69%. The firm had revenue of $90.61 million for the quarter, compared to the consensus estimate of $80.20 million. On average, analysts expect that Oasis Midstream Partners LP will post 3.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 18th. Stockholders of record on Monday, March 8th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.81%. The ex-dividend date was Friday, March 5th. Oasis Midstream Partners’s payout ratio is currently 63.34%.

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. lifted its position in Oasis Midstream Partners by 12.0% in the third quarter. JPMorgan Chase & Co. now owns 367,796 shares of the company’s stock valued at $2,983,000 after purchasing an additional 39,403 shares during the last quarter. Citigroup Inc. lifted its position in Oasis Midstream Partners by 174.6% in the fourth quarter. Citigroup Inc. now owns 8,325 shares of the company’s stock valued at $98,000 after purchasing an additional 5,293 shares during the last quarter. Lido Advisors LLC lifted its position in Oasis Midstream Partners by 29.6% in the fourth quarter. Lido Advisors LLC now owns 17,500 shares of the company’s stock valued at $205,000 after purchasing an additional 4,000 shares during the last quarter. Marshall Wace LLP bought a new stake in Oasis Midstream Partners in the first quarter valued at approximately $205,000. Finally, Marshall Wace North America L.P. bought a new stake in Oasis Midstream Partners in the first quarter valued at approximately $41,000. Hedge funds and other institutional investors own 6.49% of the company’s stock.

About Oasis Midstream Partners (NASDAQ:OMP)

Oasis Midstream Partners LP, together with subsidiaires, 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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