Back to top

Image: Bigstock

Is Oasis Midstream Partners LP (OMP) a Great Value Stock Right Now?

Read MoreHide Full Article

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.

Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.

One company value investors might notice is Oasis Midstream Partners LP (OMP - Free Report) . OMP is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value. The stock has a Forward P/E ratio of 4.83. This compares to its industry's average Forward P/E of 12.34. Over the last 12 months, OMP's Forward P/E has been as high as 10.25 and as low as 4.83, with a median of 6.91.

We should also highlight that OMP has a P/B ratio of 1.16. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.89. Within the past 52 weeks, OMP's P/B has been as high as 1.31 and as low as 0.64, with a median of 0.96.

Finally, investors should note that OMP has a P/CF ratio of 4.16. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 8.91. OMP's P/CF has been as high as 9.58 and as low as 2.97, with a median of 4.32, all within the past year.

These are just a handful of the figures considered in Oasis Midstream Partners LP's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that OMP is an impressive value stock right now.

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Oasis Midstream Partners LP (OMP) - free report >>

Published in