While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Oasis Midstream Partners LP . OMP is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock has a Forward P/E ratio of 8.34. This compares to its industry's average Forward P/E of 14.51. Over the past year, OMP's Forward P/E has been as high as 16.07 and as low as 8.12, with a median of 9.
Investors will also notice that OMP has a PEG ratio of 0.76. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. OMP's PEG compares to its industry's average PEG of 2.14. Over the past 52 weeks, OMP's PEG has been as high as 1.46 and as low as 0.74, with a median of 0.81.
We should also highlight that OMP has a P/B ratio of 1.02. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.55. Within the past 52 weeks, OMP's P/B has been as high as 1.11 and as low as 0.81, with a median of 0.91.
Finally, our model also underscores that OMP has a P/CF ratio of 8.81. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 9.30. Over the past 52 weeks, OMP's P/CF has been as high as 9.58 and as low as 3.59, with a median of 7.38.
These are only a few of the key metrics included in Oasis Midstream Partners LP's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OMP looks like an impressive value stock at the moment.
Image: Bigstock
Should Value Investors Buy Oasis Midstream Partners LP (OMP) Stock?
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today.
One company value investors might notice is Oasis Midstream Partners LP . OMP is currently sporting a Zacks Rank of #1 (Strong Buy) and an A for Value. The stock has a Forward P/E ratio of 8.34. This compares to its industry's average Forward P/E of 14.51. Over the past year, OMP's Forward P/E has been as high as 16.07 and as low as 8.12, with a median of 9.
Investors will also notice that OMP has a PEG ratio of 0.76. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. OMP's PEG compares to its industry's average PEG of 2.14. Over the past 52 weeks, OMP's PEG has been as high as 1.46 and as low as 0.74, with a median of 0.81.
We should also highlight that OMP has a P/B ratio of 1.02. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.55. Within the past 52 weeks, OMP's P/B has been as high as 1.11 and as low as 0.81, with a median of 0.91.
Finally, our model also underscores that OMP has a P/CF ratio of 8.81. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 9.30. Over the past 52 weeks, OMP's P/CF has been as high as 9.58 and as low as 3.59, with a median of 7.38.
These are only a few of the key metrics included in Oasis Midstream Partners LP's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OMP looks like an impressive value stock at the moment.