Oasis Midstream Partners LP (OMP - Free Report) closed at $19.58 in the latest trading session, marking a +0.77% move from the prior day. This change outpaced the S&P 500's 0.41% gain on the day. Elsewhere, the Dow gained 0.39%, while the tech-heavy Nasdaq added 0.57%.
Prior to today's trading, shares of the company had lost 6.72% over the past month. This has lagged the Oils-Energy sector's loss of 3.41% and the S&P 500's gain of 0.1% in that time.
OMP will be looking to display strength as it nears 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%. Meanwhile, our latest consensus estimate is calling for revenue of $120.30 million, up 80.74% from the prior-year quarter.
OMP's full-year Zacks Consensus Estimates are calling for earnings of $3.56 per share and revenue of $441.20 million. These results would represent year-over-year changes of +95.6% and +62.43%, respectively.
Investors might also notice recent changes to analyst estimates for OMP. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate has moved 19.53% higher within the past month. OMP is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, OMP is holding a Forward P/E ratio of 5.45. For comparison, its industry has an average Forward P/E of 11.64, which means OMP is trading at a discount to the group.
We can also see that OMP currently has a PEG ratio of 0.5. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Oil and Gas - Production Pipeline - MLB stocks are, on average, holding a PEG ratio of 3.45 based on yesterday's closing prices.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 52, putting it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.