Zacks Investment Research downgraded shares of Oasis Midstream Partners (NYSE:OMP) from a hold rating to a sell rating in a report released on Wednesday.

According to Zacks, “Oasis Midstream Partners LP is a master limited partnership company. It owns, develops, operate and acquire a diversified portfolio of midstream assets primarily in North America. 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. It principally operates primary areas include Wild Basin and Outside of the Wild Basin. Oasis Midstream Partners LP is based in Houston, United States. “

A number of other research analysts also recently weighed in on the company. Credit Suisse Group assumed coverage on Oasis Midstream Partners in a research note on Friday, January 5th. They issued a neutral rating and a $19.00 price objective on the stock. Johnson Rice assumed coverage on Oasis Midstream Partners in a research note on Tuesday, October 24th. They issued a buy rating on the stock. Capital One Financial assumed coverage on Oasis Midstream Partners in a research note on Wednesday, October 18th. They issued an overweight rating on the stock. JP Morgan Cazenove initiated coverage on Oasis Midstream Partners in a research note on Monday, October 16th. They issued an overweight rating and a $22.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on Oasis Midstream Partners in a research report on Monday, October 16th. They issued an overweight rating and a $22.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Oasis Midstream Partners currently has a consensus rating of Buy and an average target price of $21.50.

Shares of Oasis Midstream Partners (NYSE:OMP) traded down $0.05 during mid-day trading on Wednesday, hitting $19.10. The company had a trading volume of 130,172 shares, compared to its average volume of 58,987. 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 issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.33). research analysts predict that Oasis Midstream Partners will post 1.06 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Salem Investment Counselors Inc. bought a new position in Oasis Midstream Partners in the 3rd quarter worth approximately $187,000. Castleton Investment Management LLC acquired a new position in Oasis Midstream Partners during the third quarter valued at approximately $678,000. EJF Capital LLC acquired a new position in Oasis Midstream Partners during the third quarter valued at approximately $254,000. HITE Hedge Asset Management LLC acquired a new position in Oasis Midstream Partners during the third quarter valued at approximately $6,857,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Oasis Midstream Partners during the third quarter valued at approximately $1,165,000. 25.52% of the stock is currently owned by institutional investors.

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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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Analyst Recommendations for Oasis Midstream Partners (NYSE:OMP)

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