Oasis Midstream Partners LP (OMP) Plans Quarterly Dividend of $0.45

Oasis Midstream Partners LP (NYSE:OMP) declared a quarterly dividend on Tuesday, February 5th, NASDAQ reports. Investors of record on Friday, February 15th will be given a dividend of 0.45 per share on Thursday, February 28th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.51%. The ex-dividend date of this dividend is Thursday, February 14th. This is a boost from Oasis Midstream Partners’s previous quarterly dividend of $0.43.

Oasis Midstream Partners has a payout ratio of 94.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Oasis Midstream Partners to earn $2.98 per share next year, which means the company should continue to be able to cover its $1.72 annual dividend with an expected future payout ratio of 57.7%.

Shares of NYSE:OMP traded up $0.28 during midday trading on Friday, reaching $18.93. The company had a trading volume of 50,414 shares, compared to its average volume of 101,232. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.25. Oasis Midstream Partners has a 1-year low of $14.98 and a 1-year high of $24.21. The firm has a market capitalization of $521.14 million, a price-to-earnings ratio of 44.02, a price-to-earnings-growth ratio of 0.48 and a beta of 1.84.

A number of research firms recently weighed in on OMP. Morgan Stanley increased their price target on Oasis Midstream Partners from $24.00 to $26.00 and gave the company an “overweight” rating in a research report on Friday, November 30th. ValuEngine upgraded Oasis Midstream Partners from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Zacks Investment Research lowered Oasis Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Ifs Securities initiated coverage on Oasis Midstream Partners in a research report on Monday, October 29th. They set a “strong-buy” rating and a $30.00 price objective for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $26.43.

In other Oasis Midstream Partners news, Director Phil D. Kramer acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, December 19th. The stock was purchased at an average cost of $17.11 per share, for a total transaction of $85,550.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

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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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Dividend History for Oasis Midstream Partners (NYSE:OMP)

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