Could Oasis Midstream Partners LP (OMP) Change Direction After Today’s Huge Increase?

The stock of Oasis Midstream Partners LP (NYSE:OMP) is a huge mover today! The stock increased 3.89% or $0.59 during the last trading session, reaching $15.77. About 168,029 shares traded or 15.88% up from the average. Oasis Midstream Partners LP (NYSE:OMP) has risen 11.61% since September 13, 2018 and is uptrending. It has outperformed by 11.61% the S&P500.
The move comes after 6 months positive chart setup for the $531.56 million company. It was reported on Sep, 13 by Barchart.com. We have $16.87 PT which if reached, will make NYSE:OMP worth $37.21M more.

Analysts await Oasis Midstream Partners LP (NYSE:OMP) to report earnings on November, 4. They expect $0.87 EPS, up 93.33 % or $0.42 from last year’s $0.45 per share. OMP’s profit will be $29.32 million for 4.53 P/E if the $0.87 EPS becomes a reality. After $0.76 actual EPS reported by Oasis Midstream Partners LP for the previous quarter, Wall Street now forecasts 14.47 % EPS growth.

More notable recent Oasis Midstream Partners LP (NYSE:OMP) news were published by: Prnewswire.com which released: “Oasis Midstream Partners to Acquire Additional Interests in Development Companies from Oasis Petroleum – PR Newswire” on November 08, 2018, also Finance.Yahoo.com with their article: “Did Hedge Funds Drop The Ball On Green Plains Inc. (GPRE) ? – Yahoo Finance” published on May 09, 2019, Zacks.com published: “Oasis Midstream Partners LP (OMP) Gains As Market Dips: What You Should Know – Zacks.com” on July 16, 2019. More interesting news about Oasis Midstream Partners LP (NYSE:OMP) were released by: Seekingalpha.com and their article: “Midstream Leads At Midpoint – Seeking Alpha” published on June 30, 2019 as well as Finance.Yahoo.com‘s news article titled: “Is Oasis Midstream Partners LP (OMP) a Great Value Stock Right Now? – Yahoo Finance” with publication date: June 19, 2019.

Oasis Midstream Partners LP provides crude oil, natural gas, and water-related midstream services in North America. The company has market cap of $531.56 million. It is involved in various activities, including natural gas gathering, compression, processing, and lift supply; crude gathering, stabilization, blending, storage, and transportation; gathering, transportation, and disposal of produced water; and freshwater distribution. It has a 7.15 P/E ratio. The firm serves as the general partner of OMP GP LLC.

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