Oasis Midstream Partners (NYSE:OMP) announced its earnings results on Tuesday. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01), Morningstar.com reports. The firm had revenue of $97.64 million during the quarter, compared to analysts’ expectations of $108.75 million. Oasis Midstream Partners had a net margin of 22.65% and a return on equity of 12.81%.
Shares of NYSE:OMP traded up $0.25 during trading on Friday, hitting $17.17. The company’s stock had a trading volume of 227,748 shares, compared to its average volume of 90,651. The firm’s 50 day simple moving average is $21.19. The stock has a market cap of $579.84 million, a P/E ratio of 9.43, a PEG ratio of 0.57 and a beta of 1.47. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.90 and a quick ratio of 0.90. Oasis Midstream Partners has a fifty-two week low of $14.98 and a fifty-two week high of $24.21.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Friday, August 16th will be paid a $0.49 dividend. This is an increase from Oasis Midstream Partners’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.96 annualized dividend and a dividend yield of 11.42%. Oasis Midstream Partners’s payout ratio is 103.30%.
A number of analysts have issued reports on the company. Piper Jaffray Companies assumed coverage on Oasis Midstream Partners in a research report on Wednesday, July 17th. They issued an “overweight” rating and a $28.00 target price on the stock. ValuEngine lowered Oasis Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Finally, Zacks Investment Research upgraded shares of Oasis Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $26.75.
Oasis Midstream Partners Company Profile
Oasis Midstream Partners LP 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.
Featured Article: How is the Producer Price Index calculated?
Receive News & Ratings for Oasis Midstream Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oasis Midstream Partners and related companies with MarketBeat.com's FREE daily email newsletter.