Oasis Midstream Partners (NYSE:OMP) has earned a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $21.50.
A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded Oasis Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. ValuEngine cut Oasis Midstream Partners from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd.
A number of hedge funds have recently bought and sold shares of OMP. Citigroup Inc. purchased a new stake in Oasis Midstream Partners in the first quarter valued at approximately $244,000. Avalon Advisors LLC purchased a new stake in Oasis Midstream Partners in the first quarter valued at approximately $301,000. JPMorgan Chase & Co. lifted its stake in Oasis Midstream Partners by 1,658.0% in the first quarter. JPMorgan Chase & Co. now owns 26,370 shares of the company’s stock valued at $467,000 after buying an additional 24,870 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Oasis Midstream Partners by 1,489.5% in the first quarter. Wells Fargo & Company MN now owns 49,273 shares of the company’s stock valued at $873,000 after buying an additional 46,173 shares during the last quarter. Finally, Castleton Investment Management LLC lifted its stake in Oasis Midstream Partners by 25.0% in the fourth quarter. Castleton Investment Management LLC now owns 50,000 shares of the company’s stock valued at $872,000 after buying an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 22.81% of the company’s stock.
Oasis Midstream Partners (NYSE:OMP) last announced its quarterly earnings data on Tuesday, May 8th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.08). The firm had revenue of $61.42 million during the quarter, compared to analyst estimates of $41.18 million. sell-side analysts predict that Oasis Midstream Partners will post 1.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 29th. Investors of record on Thursday, May 17th were paid a dividend of $0.393 per share. This is a boost from Oasis Midstream Partners’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Wednesday, May 16th. This represents a $1.57 annualized dividend and a yield of 8.38%. Oasis Midstream Partners’s payout ratio is presently 365.12%.
About Oasis Midstream Partners
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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