Q1 2019 EPS Estimates for Oasis Midstream Partners LP (OMP) Cut by Analyst

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Oasis Midstream Partners LP (NYSE:OMP) – Equities research analysts at Capital One Financial dropped their Q1 2019 earnings estimates for Oasis Midstream Partners in a report issued on Tuesday, November 6th. Capital One Financial analyst K. May now anticipates that the company will post earnings of $0.78 per share for the quarter, down from their previous estimate of $0.79. Capital One Financial also issued estimates for Oasis Midstream Partners’ Q2 2019 earnings at $0.89 EPS, Q3 2019 earnings at $0.94 EPS, Q4 2019 earnings at $1.00 EPS and FY2019 earnings at $3.61 EPS.

Several other research analysts have also commented on OMP. Citigroup lifted their price target on Oasis Midstream Partners from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research lowered Oasis Midstream Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Ifs Securities began coverage on Oasis Midstream Partners in a research report on Monday, October 29th. They set a “strong-buy” rating and a $30.00 price target on the stock. LADENBURG THALM/SH SH initiated coverage on Oasis Midstream Partners in a research report on Thursday, August 16th. They set a “buy” rating and a $28.00 price target on the stock. Finally, ValuEngine raised Oasis Midstream Partners from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $26.57.

OMP opened at $21.03 on Thursday. The company has a market cap of $624.08 million and a price-to-earnings ratio of 13.57. Oasis Midstream Partners has a 52 week low of $16.15 and a 52 week high of $24.21. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 0.25.

Oasis Midstream Partners (NYSE:OMP) last released its quarterly earnings results on Tuesday, November 6th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.02). The firm had revenue of $71.47 million for the quarter, compared to analyst estimates of $71.90 million. Oasis Midstream Partners had a return on equity of 7.74% and a net margin of 17.90%.

Large investors have recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new position in shares of Oasis Midstream Partners in the third quarter valued at approximately $145,000. Creative Planning acquired a new position in shares of Oasis Midstream Partners in the third quarter valued at approximately $221,000. Stockman Wealth Management Inc. acquired a new position in shares of Oasis Midstream Partners in the third quarter valued at approximately $223,000. Taylor Wealth Management Partners increased its holdings in shares of Oasis Midstream Partners by 40.0% in the third quarter. Taylor Wealth Management Partners now owns 10,500 shares of the company’s stock valued at $234,000 after purchasing an additional 3,000 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 24,870 shares during the period. 20.80% of the stock is currently owned by institutional investors and hedge funds.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 27th. Stockholders of record on Friday, November 9th will be issued a $0.43 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 8.18%. This is a positive change from Oasis Midstream Partners’s previous quarterly dividend of $0.41. Oasis Midstream Partners’s payout ratio is presently 381.40%.

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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Earnings History and Estimates for Oasis Midstream Partners (NYSE:OMP)

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