Oasis Midstream Partners (NYSE:OMP) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday, February 4th.
Several other research analysts have also weighed in on OMP. Zacks Investment Research upgraded shares of Oasis Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, January 15th. Ifs Securities initiated coverage on shares of Oasis Midstream Partners in a research note on Monday, October 29th. They issued a “strong-buy” rating and a $30.00 price target on the stock. Morgan Stanley upped their price target on shares of Oasis Midstream Partners from $24.00 to $26.00 and gave the company an “overweight” rating in a research note on Friday, November 30th. Finally, Credit Suisse Group started coverage on shares of Oasis Midstream Partners in a report on Thursday, October 11th. They issued an “outperform” rating and a $29.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Oasis Midstream Partners currently has an average rating of “Buy” and an average price target of $26.43.
OMP traded down $0.49 during trading on Monday, hitting $19.32. The company had a trading volume of 63,501 shares, compared to its average volume of 91,737. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.25. Oasis Midstream Partners has a one year low of $14.98 and a one year high of $24.21. The stock has a market capitalization of $531.88 million, a P/E ratio of 10.62, a P/E/G ratio of 0.50 and a beta of 1.84.
In other news, Director Phil D. Kramer acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was bought at an average cost of $17.11 per share, for a total transaction of $85,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Stockman Wealth Management Inc. purchased a new stake in Oasis Midstream Partners during the third quarter worth about $223,000. Nwam LLC purchased a new position in shares of Oasis Midstream Partners in the fourth quarter worth about $284,000. Acadian Asset Management LLC increased its stake in shares of Oasis Midstream Partners by 56.8% in the third quarter. Acadian Asset Management LLC now owns 53,043 shares of the company’s stock worth $1,182,000 after purchasing an additional 19,206 shares in the last quarter. Renaissance Technologies LLC purchased a new position in Oasis Midstream Partners during the third quarter valued at approximately $2,439,000. Finally, Wells Fargo & Company MN grew its stake in Oasis Midstream Partners by 12.3% during the third quarter. Wells Fargo & Company MN now owns 49,061 shares of the company’s stock valued at $1,092,000 after acquiring an additional 5,357 shares in the last quarter. 23.35% of the stock is currently owned by institutional investors.
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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