Johnson Rice Initiates Coverage on Oasis Midstream Partners LP (NYSE:OMP)

Research analysts at Johnson Rice began coverage on shares of Oasis Midstream Partners LP (NYSE:OMP) in a research report issued to clients and investors on Tuesday, October 24th, MarketBeat.com reports. The brokerage set a “buy” rating on the stock.

A number of other brokerages also recently commented on OMP. JP Morgan Cazenove began coverage on Oasis Midstream Partners in a research note on Monday, October 16th. They issued an “overweight” rating and a $22.00 target price for the company. Morgan Stanley began coverage on Oasis Midstream Partners in a research note on Monday, October 16th. They issued an “overweight” rating and a $22.00 target price for the company. Goldman Sachs Group, Inc. (The) began coverage on Oasis Midstream Partners in a research note on Monday, October 16th. They issued a “buy” rating and a $24.00 target price for the company. Wells Fargo & Company began coverage on Oasis Midstream Partners in a research note on Monday, October 16th. They issued a “market perform” rating and a $21.00 target price for the company. Finally, Citigroup Inc. began coverage on Oasis Midstream Partners in a research note on Monday, October 16th. They issued a “buy” rating and a $21.00 target price for the company. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Oasis Midstream Partners has a consensus rating of “Buy” and an average price target of $21.86.

Shares of Oasis Midstream Partners (NYSE:OMP) traded down $0.34 during trading on Tuesday, reaching $17.02. The company had a trading volume of 20,600 shares, compared to its average volume of 77,319. Oasis Midstream Partners has a 1 year low of $15.57 and a 1 year high of $18.24.

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In other Oasis Midstream Partners news, CEO Taylor L. Reid acquired 20,000 shares of Oasis Midstream Partners stock in a transaction dated Monday, September 25th. The stock was acquired at an average cost of $17.00 per share, for a total transaction of $340,000.00. Following the completion of the transaction, the chief executive officer now owns 20,000 shares in the company, valued at approximately $340,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Michael H. Lou acquired 25,000 shares of Oasis Midstream Partners stock in a transaction dated Monday, September 25th. The shares were acquired at an average price of $17.00 per share, with a total value of $425,000.00. Following the completion of the transaction, the president now owns 25,000 shares of the company’s stock, valued at approximately $425,000. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 55,900 shares of company stock valued at $950,300.

Large investors have recently made changes to their positions in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Oasis Midstream Partners in the third quarter valued at $1,165,000. Center Coast Capital Advisors LP acquired a new stake in Oasis Midstream Partners during the 3rd quarter valued at $1,357,000. State of New Jersey Common Pension Fund D acquired a new stake in Oasis Midstream Partners during the 3rd quarter valued at $2,544,000. HITE Hedge Asset Management LLC acquired a new stake in Oasis Midstream Partners during the 3rd quarter valued at $6,857,000. Finally, Harvest Fund Advisors LLC acquired a new stake in Oasis Midstream Partners during the 3rd quarter valued at $11,205,000. 0.80% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Oasis Midstream Partners (NYSE:OMP)

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