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.
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.
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