Oasis Midstream Partners LP (NYSE:OMP) Sees Large Growth in Short Interest
Oasis Midstream Partners LP (NYSE:OMP) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 88,300 shares, a growth of 194.3% from the July 31st total of 30,000 shares. Based on an average trading volume of 134,600 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the shares of the company are short sold.
Oasis Midstream Partners stock traded down $0.04 during mid-day trading on Wednesday, reaching $15.25. The company’s stock had a trading volume of 133,100 shares, compared to its average volume of 101,302. The firm’s fifty day moving average price is $17.22 and its two-hundred day moving average price is $19.59. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.97 and a current ratio of 0.97. Oasis Midstream Partners has a 12-month low of $14.26 and a 12-month high of $23.19. The company has a market capitalization of $516.65 million, a P/E ratio of 8.38, a PEG ratio of 0.44 and a beta of 1.64.
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 the consensus estimate 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 company had revenue of $97.64 million for the quarter, compared to analysts’ expectations of $108.75 million. On average, research analysts predict that Oasis Midstream Partners will post 3.19 EPS for the current fiscal year.
In related news, Director Thomas B. Nusz purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of $16.12 per share, for a total transaction of $48,360.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Several large investors have recently added to or reduced their stakes in the stock. Albert D Mason Inc. grew 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 buying an additional 980 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Oasis Midstream Partners by 3.8% in the second quarter. JPMorgan Chase & Co. now owns 459,586 shares of the company’s stock valued at $10,028,000 after acquiring an additional 16,789 shares during the period. Nwam LLC boosted its position in shares of Oasis Midstream Partners by 12.3% in the second quarter. Nwam LLC now owns 35,653 shares of the company’s stock valued at $767,000 after acquiring an additional 3,904 shares during the period. Globeflex Capital L P purchased a new position in Oasis Midstream Partners during the first quarter valued at approximately $1,525,000. Finally, 9258 Wealth Management LLC purchased a new position in Oasis Midstream Partners during the second quarter valued at approximately $214,000. Institutional investors own 18.82% of the company’s stock.
A number of research analysts have recently commented on the company. Piper Jaffray Companies started coverage on Oasis Midstream Partners in a research report on Wednesday, July 17th. They set an “overweight” rating and a $28.00 price target on the stock. ValuEngine raised Oasis Midstream Partners from a “strong sell” rating to a “sell” rating in a report on Thursday, August 15th. Wells Fargo & Co set a $21.00 price objective on Oasis Midstream Partners and gave the company a “hold” rating in a research note on Monday, August 12th. Credit Suisse Group dropped their price objective on shares of Oasis Midstream Partners from $28.00 to $23.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, Zacks Investment Research lowered shares of Oasis Midstream Partners from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $25.33.
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.
Recommended Story: Calculating net profit and net profit margin ratio
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.