Oasis Midstream Partners LP (NYSE:OMP) is set to announce third quarter earning results on Tuesday 3rd November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, OMP to report 3Q20 income of $ 0.42 per share.
For the full year, analysts anticipate top line of $ 347.85 million, while looking forward to loss of $ 0.33 per share bottom line.
Previous Quarter Performance
Oasis Midstream Partners LP unveiled income for the second quarter of $ 0.33 per share, from the revenue of $ 66.06 million. According to street consensus, OMP was expected to report 2Q20 income of $ 0.58 per share from revenue of $ 79.30 million. The bottom line results missed street analysts by $ 0.25 or 43.1 percent, at the same time, top line results fell short of analysts by $ 13.24 million or 16.7 percent.
Stock Performance
Shares of Oasis Midstream Partners LP traded up $ 0.48 or 6.69 percent on Monday, reaching $ 7.65 with volume of 145.30 thousand shares. Oasis Midstream Partners LP has traded high as $ 7.74 and has cracked $ 7.27 on the downward trend
The closing price of $ 7.65, representing a 156.07 % increase from the 52 week low of $ 2.80 and a 62.04 % decrease over the 52 week high of $ 18.89.
The company has a market capital of $ 258.66 million and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Piper Sandler at Neutral rating, with $ 8.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.54 per share on August 4, 2020. The dividend were payable on August 27, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
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 Johnsons Corner. OMP GP LLC serves as the general partner of the company.
