Oasis Midstream Partners’ (NYSE:OMP) lock-up period will end on Tuesday, March 20th. Oasis Midstream Partners had issued 7,500,000 shares in its initial public offering on September 21st. The total size of the offering was $127,500,000 based on an initial share price of $17.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
A number of research firms have recently commented on OMP. 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 began coverage on Oasis Midstream Partners in a report on Friday, January 5th. They issued a “neutral” rating and a $19.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $21.50.
Oasis Midstream Partners (NYSE OMP) opened at $17.33 on Tuesday. Oasis Midstream Partners has a twelve month low of $15.57 and a twelve month high of $19.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.25 and a quick ratio of 1.25. The company has a market capitalization of $476.78 and a price-to-earnings ratio of 9.74.
Several institutional investors have recently bought and sold shares of the company. Kayne Anderson Capital Advisors LP boosted its holdings in shares of Oasis Midstream Partners by 3.1% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 1,372,075 shares of the company’s stock worth $23,927,000 after acquiring an additional 41,075 shares during the period. Harvest Fund Advisors LLC bought a new position in shares of Oasis Midstream Partners in the third quarter worth $11,205,000. NBW Capital LLC boosted its stake in Oasis Midstream Partners by 2.6% during the fourth quarter. NBW Capital LLC now owns 435,898 shares of the company’s stock valued at $7,602,000 after buying an additional 11,117 shares during the period. HITE Hedge Asset Management LLC bought a new stake in Oasis Midstream Partners during the third quarter valued at $6,857,000. Finally, BlackRock Inc. bought a new stake in Oasis Midstream Partners during the fourth quarter valued at $1,519,000. 25.34% of the stock is owned by hedge funds and other institutional investors.
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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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