Oasis Midstream Partners LP to Issue Special Dividend of $0.02 (OMP)

Oasis Midstream Partners LP (NYSE:OMP) declared a special dividend on Tuesday, February 6th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.0245 per share on Monday, February 26th. This represents a yield of 0.00131437768240343%. The ex-dividend date is Thursday, February 15th.

Oasis Midstream Partners (NYSE OMP) traded down $0.26 during trading hours on Tuesday, reaching $18.64. The company’s stock had a trading volume of 128,182 shares, compared to its average volume of 62,291. Oasis Midstream Partners has a 1 year low of $15.57 and a 1 year high of $19.65.

Oasis Midstream Partners (NYSE:OMP) last posted its earnings results on Tuesday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.33). equities research analysts predict that Oasis Midstream Partners will post 1.06 EPS for the current year.

A number of analysts have recently commented on OMP shares. Morgan Stanley started coverage on Oasis Midstream Partners in a report on Monday, October 16th. They issued an “overweight” rating and a $22.00 price target on the stock. Zacks Investment Research lowered Oasis Midstream Partners from a “hold” rating to a “sell” rating in a report on Wednesday, January 17th. Credit Suisse Group started coverage on Oasis Midstream Partners in a report on Friday, January 5th. They issued a “neutral” rating and a $19.00 price target on the stock. Johnson Rice started coverage on Oasis Midstream Partners in a report on Tuesday, October 24th. They issued a “buy” rating on the stock. Finally, Capital One Financial started coverage on Oasis Midstream Partners in a report on Wednesday, October 18th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $21.50.

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About Oasis Midstream Partners

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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