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Oasis Midstream Partners Lp (OMP) Receives a Buy from Morgan Stanley


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 on Friday at $20.15.

According to TipRanks.com, Abrams is a 1-star analyst with an average return of -2.0% and a 46.3% success rate. Abrams covers the Basic Materials sector, focusing on stocks such as Hess Midstream Partners Lp, EnLink Midstream Partners, and BP Midstream Partners LP.

Oasis Midstream Partners Lp has an analyst consensus of Strong Buy, with a price target consensus of $29.

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Oasis Midstream Partners Lp’s market cap is currently $554.7M and has a P/E ratio of 8.12. The company has a Price to Book ratio of 2.23.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.