Oasis Midstream Partners’ (NYSE:OMP) quiet period is set to end on Tuesday, October 31st. Oasis Midstream Partners had issued 7,500,000 shares in its public offering on September 21st. The total size of the offering was $127,500,000 based on an initial share price of $17.00. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Several equities analysts have recently weighed in on the company. JP Morgan Cazenove assumed coverage on Oasis Midstream Partners in a report on Monday, October 16th. They set an “overweight” rating and a $22.00 price objective on the stock. Morgan Stanley assumed coverage on Oasis Midstream Partners in a report on Monday, October 16th. They set an “overweight” rating and a $22.00 price objective on the stock. Wells Fargo & Company assumed coverage on Oasis Midstream Partners in a report on Monday, October 16th. They set a “market perform” rating and a $21.00 price objective on the stock. Citigroup Inc. assumed coverage on Oasis Midstream Partners in a report on Monday, October 16th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, Royal Bank Of Canada assumed coverage on Oasis Midstream Partners in a report on Monday, October 16th. They set an “outperform” rating and a $21.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $21.86.

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Shares of Oasis Midstream Partners (NYSE OMP) opened at 16.85 on Tuesday. Oasis Midstream Partners has a 12 month low of $16.27 and a 12 month high of $18.24. The firm’s market cap is $231.69 million. The company has a 50-day moving average price of $17.12 and a 200-day moving average price of $17.12.

In other news, CEO Taylor L. Reid purchased 20,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were acquired at an average price of $17.00 per share, for a total transaction of $340,000.00. Following the completion of the acquisition, the chief executive officer now owns 20,000 shares in the company, valued at $340,000. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nickolas J. Lorentzatos purchased 5,900 shares of the business’s stock in a transaction on Monday, September 25th. The stock was purchased at an average price of $17.00 per share, for a total transaction of $100,300.00. Following the acquisition, the insider now owns 5,900 shares of the company’s stock, valued at approximately $100,300. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 55,900 shares of company stock worth $950,300.

Oasis Midstream Partners Company Profile

Oasis Midstream Partners LP is a master limited partnership company. The Company is formed to own, develop, operate and acquire a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations exclusively within the Williston Basin. The Company’s midstream services include gas gathering, compression, processing and gas lift services; crude gathering, stabilization, blending, storage and transportation services; produced water gathering and disposal services; and freshwater distribution services.

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