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.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Friday, August 16th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 12.85%. This is a positive change from Oasis Midstream Partners’s previous quarterly dividend of $0.47. The ex-dividend date was Thursday, August 15th. Oasis Midstream Partners’s payout ratio is presently 107.69%.

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.

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