Oasis Midstream Partners LP (OMP) Outpaces Stock Market Gains: What You Should Know

Oasis Midstream Partners LP (OMP) closed at $21.40 in the latest trading session, marking a +0.47% move from the prior day. This move outpaced the S&P 500's daily gain of 0.45%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.75%.

Heading into today, shares of the company had gained 9.06% over the past month, outpacing the Oils-Energy sector's gain of 2.37% and the S&P 500's gain of 3.84% in that time.

Investors will be hoping for strength from OMP as it approaches its next earnings release. In that report, analysts expect OMP to post earnings of $0.81 per share. This would mark year-over-year growth of 80%. Our most recent consensus estimate is calling for quarterly revenue of $120.30 million, up 80.74% from the year-ago period.

OMP's full-year Zacks Consensus Estimates are calling for earnings of $3.26 per share and revenue of $441.20 million. These results would represent year-over-year changes of +79.12% and +62.43%, respectively.

Investors should also note any recent changes to analyst estimates for OMP. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. OMP is currently sporting a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that OMP has a Forward P/E ratio of 6.53 right now. This represents a discount compared to its industry's average Forward P/E of 12.44.

We can also see that OMP currently has a PEG ratio of 0.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. OMP's industry had an average PEG ratio of 3.51 as of yesterday's close.

The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 39% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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