$0.88 EPS Expected for Oasis Midstream Partners LP (NYSE:OMP) This Quarter

Equities research analysts expect Oasis Midstream Partners LP (NYSE:OMP) to post earnings of $0.88 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Oasis Midstream Partners’ earnings, with estimates ranging from $0.75 to $0.98. Oasis Midstream Partners reported earnings per share of $0.45 in the same quarter last year, which would suggest a positive year-over-year growth rate of 95.6%. The firm is scheduled to issue its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Oasis Midstream Partners will report full year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $2.97 to $3.56. For the next year, analysts expect that the business will report earnings of $4.33 per share, with EPS estimates ranging from $3.21 to $6.58. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow Oasis Midstream Partners.

Oasis Midstream Partners (NYSE:OMP) last posted its earnings results on Tuesday, August 6th. The company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.01). Oasis Midstream Partners had a return on equity of 12.90% and a net margin of 22.65%. The business had revenue of $97.64 million for the quarter, compared to the consensus estimate of $108.75 million.

Several equities analysts have recently weighed in on OMP shares. ValuEngine raised shares of Oasis Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday. Zacks Investment Research cut shares of Oasis Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Credit Suisse Group decreased their price target on shares of Oasis Midstream Partners from $28.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Wells Fargo & Co set a $21.00 price target on shares of Oasis Midstream Partners and gave the stock a “hold” rating in a research note on Monday, August 12th. Finally, Piper Jaffray Companies started coverage on shares of Oasis Midstream Partners in a research note on Wednesday, July 17th. They set an “overweight” rating and a $28.00 price target for the company. One analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.29.

In other Oasis Midstream Partners news, Director Thomas B. Nusz purchased 3,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was acquired at an average price of $16.12 per share, with a total value of $48,360.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

A number of institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC lifted its holdings in Oasis Midstream Partners by 1.3% during the 1st quarter. Acadian Asset Management LLC now owns 70,994 shares of the company’s stock valued at $1,443,000 after purchasing an additional 907 shares during the last quarter. Albert D Mason Inc. lifted its holdings in Oasis Midstream Partners by 1.6% during the 2nd quarter. Albert D Mason Inc. now owns 62,625 shares of the company’s stock valued at $1,346,000 after purchasing an additional 980 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Oasis Midstream Partners by 0.4% during the 1st quarter. JPMorgan Chase & Co. now owns 442,797 shares of the company’s stock valued at $8,998,000 after purchasing an additional 1,755 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in Oasis Midstream Partners during the 1st quarter valued at $41,000. Finally, Mascoma Wealth Management LLC acquired a new stake in Oasis Midstream Partners during the 1st quarter valued at $52,000. 19.74% of the stock is owned by institutional investors and hedge funds.

Shares of OMP traded down $0.21 during mid-day trading on Monday, hitting $15.67. 252,100 shares of the company’s stock were exchanged, compared to its average volume of 97,458. The company has a market cap of $541.32 million, a PE ratio of 8.61, a P/E/G ratio of 0.43 and a beta of 1.47. Oasis Midstream Partners has a 52 week low of $14.98 and a 52 week high of $24.20. The company has a 50-day simple moving average of $20.28 and a 200 day simple moving average of $20.05. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.97 and a quick ratio of 0.90.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Friday, August 16th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 12.51%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Oasis Midstream Partners’s previous quarterly dividend of $0.47. Oasis Midstream Partners’s dividend payout ratio is presently 107.69%.

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.

Read More: The role of implied volatility with call option volume

Get a free copy of the Zacks research report on Oasis Midstream Partners (OMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

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.