Oasis Midstream Partners (NYSE:OMP) Issues Earnings Results

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%.

Large investors have recently bought and sold shares of the business. Marshall Wace North America L.P. acquired a new position in shares of Oasis Midstream Partners during the first quarter worth $41,000. Mascoma Wealth Management LLC acquired a new position in shares of Oasis Midstream Partners during the first quarter worth $52,000. BNP Paribas Arbitrage SA grew its stake in shares of Oasis Midstream Partners by 52,460.0% during the second quarter. BNP Paribas Arbitrage SA now owns 2,628 shares of the company’s stock worth $57,000 after purchasing an additional 2,623 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Oasis Midstream Partners by 108.3% during the second quarter. Wells Fargo & Company MN now owns 7,417 shares of the company’s stock worth $159,000 after purchasing an additional 3,856 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in shares of Oasis Midstream Partners during the first quarter worth $205,000. Institutional investors and hedge funds own 19.78% of the company’s stock.

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.

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Earnings History for Oasis Midstream Partners (NYSE:OMP)

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