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%.

TRADEMARK VIOLATION NOTICE: This report was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this report on another site, it was stolen and republished in violation of US & international trademark & copyright law. The original version of this report can be accessed at https://www.com-unik.info/2019/06/17/oasis-midstream-partners-lp-nyseomp-short-interest-down-42-5-in-may.html.

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.

Recommended Story: What Does Beta Mean In Stock Selection

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.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit