Morgan Stanley Reaffirms Their Buy Rating on Oasis Midstream Partners Lp (OMP)

In a report released today, Tom Abrams from Morgan Stanley maintained a Buy rating on Oasis Midstream Partners Lp (OMP), with a price target of $26. The company’s shares closed yesterday at $19.79.

According to, Abrams is a 1-star analyst with an average return of -2.5% and a 48.1% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Hess Midstream Partners Lp, Dcp Midstream Partners Lp, and EnLink Midstream Partners.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Oasis Midstream Partners Lp with a $30 average price target.

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Oasis Midstream Partners Lp’s market cap is currently $544.8M and has a P/E ratio of 7.97. The company has a Price to Book ratio of 2.19.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of OMP in relation to earlier this year.

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Oasis Midstream Partners LP engages in owning, developing, operating, and acquiring a portfolio of midstream assets in North America that are integral to the oil and natural gas operations, through Oasis Petroleum Inc. The company is headquartered in Houston, Texas.

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