Credit Suisse Group Initiates Coverage on Oasis Midstream Partners (OMP)

Credit Suisse Group assumed coverage on shares of Oasis Midstream Partners (NYSE:OMP) in a research report issued on Thursday, Marketbeat.com reports. The firm set an “outperform” rating and a $29.00 price target on the stock. Credit Suisse Group’s target price would suggest a potential upside of 28.83% from the stock’s previous close.

Other analysts have also issued reports about the stock. LADENBURG THALM/SH SH started coverage on shares of Oasis Midstream Partners in a research report on Thursday, August 16th. They set a “buy” rating and a $28.00 price target on the stock. Citigroup increased their price objective on shares of Oasis Midstream Partners from $21.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Zacks Investment Research raised shares of Oasis Midstream Partners from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, September 12th. ValuEngine raised shares of Oasis Midstream Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $25.00 price objective (up from $22.00) on shares of Oasis Midstream Partners in a research report on Monday, August 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.40.

NYSE OMP opened at $22.51 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.85 and a current ratio of 0.85. Oasis Midstream Partners has a 1 year low of $15.57 and a 1 year high of $24.21. The firm has a market cap of $613.07 million and a price-to-earnings ratio of 52.35.

Oasis Midstream Partners (NYSE:OMP) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). Oasis Midstream Partners had a return on equity of 6.16% and a net margin of 14.65%. The firm had revenue of $66.56 million for the quarter, compared to the consensus estimate of $42.46 million. Equities research analysts anticipate that Oasis Midstream Partners will post 1.82 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the company. Citigroup Inc. bought a new position in shares of Oasis Midstream Partners in the first quarter valued at about $244,000. Avalon Advisors LLC bought a new position in shares of Oasis Midstream Partners in the first quarter valued at about $301,000. JPMorgan Chase & Co. grew its stake in shares of Oasis Midstream Partners by 1,658.0% in the first quarter. JPMorgan Chase & Co. now owns 26,370 shares of the company’s stock valued at $467,000 after acquiring an additional 24,870 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Oasis Midstream Partners by 357.9% in the second quarter. Acadian Asset Management LLC now owns 33,837 shares of the company’s stock valued at $617,000 after acquiring an additional 26,448 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Oasis Midstream Partners by 1,489.5% in the first quarter. Wells Fargo & Company MN now owns 49,273 shares of the company’s stock valued at $873,000 after acquiring an additional 46,173 shares in the last quarter. 20.76% of the stock is currently owned by institutional investors.

Oasis Midstream Partners Company Profile

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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Analyst Recommendations for Oasis Midstream Partners (NYSE:OMP)

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