Oasis Midstream Partners LP (NYSE:OMP) announced a quarterly dividend on Tuesday, August 6th, NASDAQ reports. Investors of record on Friday, August 16th will be paid a dividend of 0.49 per share on Wednesday, August 28th. This represents a $1.96 dividend on an annualized basis and a yield of 11.86%. The ex-dividend date is Thursday, August 15th. This is a boost from Oasis Midstream Partners’s previous quarterly dividend of $0.47.
Oasis Midstream Partners has a dividend payout ratio of 107.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Oasis Midstream Partners to earn $4.27 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 45.9%.
Shares of Oasis Midstream Partners stock opened at $16.53 on Wednesday. Oasis Midstream Partners has a 52-week low of $14.98 and a 52-week high of $24.21. The firm has a 50-day moving average price of $20.93. The company has a market cap of $581.86 million, a PE ratio of 9.08, a P/E/G ratio of 0.49 and a beta of 1.47. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.62.
OMP has been the topic of a number of research reports. Credit Suisse Group lowered their price objective on Oasis Midstream Partners from $28.00 to $23.00 and set an “outperform” rating on the stock in a research note on Tuesday. Zacks Investment Research cut Oasis Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine cut Oasis Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. Finally, Piper Jaffray Companies started coverage on Oasis Midstream Partners in a research note on Wednesday, July 17th. They issued an “overweight” rating and a $28.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Oasis Midstream Partners presently has an average rating of “Buy” and an average target price of $26.00.
About Oasis Midstream Partners
Oasis Midstream Partners LP provides crude oil, natural gas, and water-related midstream services in North America. It offers natural gas gathering, compression, processing, and gas lift services; crude oil gathering, stabilization, blending, and storage services; produced and flowback water gathering and disposal services; freshwater supply and distribution services; and crude oil transportation services from the Wild Basin operating area to Johnson's Corner.
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