Oasis Midstream Partners LP (NYSE:OMP) Short Interest Down 42.5% in May

Oasis Midstream Partners LP (NYSE:OMP) saw a significant decrease in short interest in May. As of May 31st, there was short interest totalling 11,900 shares, a decrease of 42.5% from the April 30th total of 20,700 shares. Based on an average daily volume of 65,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Oasis Midstream Partners from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Wells Fargo & Co set a $24.00 price target on Oasis Midstream Partners and gave the stock a “hold” rating in a research note on Tuesday, March 5th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company’s stock. Oasis Midstream Partners currently has an average rating of “Buy” and an average price target of $26.38.

A number of hedge funds have recently made changes to their positions in OMP. Cohen & Steers Inc. boosted its stake in Oasis Midstream Partners by 90.0% during the fourth quarter. Cohen & Steers Inc. now owns 226,991 shares of the company’s stock valued at $3,630,000 after buying an additional 107,544 shares in the last quarter. Globeflex Capital L P bought a new position in Oasis Midstream Partners during the first quarter valued at about $1,525,000. Citigroup Inc. boosted its stake in Oasis Midstream Partners by 207.4% during the fourth quarter. Citigroup Inc. now owns 99,767 shares of the company’s stock valued at $1,595,000 after buying an additional 67,317 shares in the last quarter. Deutsche Bank AG boosted its stake in Oasis Midstream Partners by 39.7% during the fourth quarter. Deutsche Bank AG now owns 161,019 shares of the company’s stock valued at $2,574,000 after buying an additional 45,719 shares in the last quarter. Finally, Barclays PLC boosted its stake in Oasis Midstream Partners by 149.5% during the fourth quarter. Barclays PLC now owns 52,708 shares of the company’s stock valued at $843,000 after buying an additional 31,583 shares in the last quarter. 19.94% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:OMP traded down $0.22 on Monday, hitting $19.28. The company’s stock had a trading volume of 1,763 shares, compared to its average volume of 78,266. Oasis Midstream Partners has a 12 month low of $14.98 and a 12 month high of $24.21. The firm has a market capitalization of $659.89 million, a P/E ratio of 10.60, a price-to-earnings-growth ratio of 0.50 and a beta of 1.49. The company’s 50-day moving average price is $20.08. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.62.

Oasis Midstream Partners (NYSE:OMP) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Oasis Midstream Partners had a return on equity of 10.46% and a net margin of 20.42%. The company had revenue of $91.65 million during the quarter, compared to analysts’ expectations of $85.60 million. On average, equities research analysts expect that Oasis Midstream Partners will post 3.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Friday, May 17th were paid a dividend of $0.47 per share. The ex-dividend date was Thursday, May 16th. This represents a $1.88 annualized dividend and a yield of 9.75%. This is a boost from Oasis Midstream Partners’s previous quarterly dividend of $0.45. Oasis Midstream Partners’s dividend payout ratio (DPR) is currently 103.30%.

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About Oasis Midstream Partners

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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