Oasis Midstream Partners LP (NASDAQ:OMP) Relative Strength Index (RSI) is 76.36, with weekly volatility at 7.52% and ATR at 1.22. The OMP stock’s 52-week price range has touched low of $5.50 and a $25.00 high. Intraday shares traded counted 0.45 million, which was -156.03% lower than its 30-day average trading volume of 176.74K. Its shares traded higher over the last trading session, gaining 10.44% on 05/27/21. The shares fell to a low of $24.6887 before closing at $27.61. OMP’s previous close was $25.00 while the outstanding shares total 22.05M. The firm has a beta of 2.68, a 12-month trailing P/E ratio of 4.82, and a growth ratio of 0.22.
Investors have identified the Oil & Gas Midstream company Oasis Midstream Partners LP as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.34 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Oasis Midstream Partners LP (OMP) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 105.24 million total, with 52.55 million as their total liabilities.
OMP were able to record 38.55 million as free cash flow during the 08/10/2021 quarter of the year, this saw their quarterly net cash flow reduce by 2.01 million. In cash movements, the company had a total of 39.44 million as operating cash flow.
Potential earnings growth for Oasis Midstream Partners LP (OMP)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/10/2021 quarter of the year, Oasis Midstream Partners LP recorded a total of 100.37 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -6.23% coming in sequential stages and their sales for the 08/10/2021 quarter increasing by 9.72%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 35.88 million trying to sell their products during the last quarter, with the result yielding a gross income of 64.49 million. This allows shareholders to hold on to 22.05M with the recently reported earning now reading 1.95 cents per share. This is a figure that compared to analyst’s prediction for their 08/10/2021 (0.72 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.01 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on OMP sounds very interesting.
Is the stock of OMP attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.
0 out of 5 analysts covering the stock have rated it a Buy, while 4 have maintained a Hold recommendation on Oasis Midstream Partners LP. 1 analysts has assigned a Sell rating on the OMP stock. The 12-month mean consensus price target for the company’s shares has been set at $22.50.