Oasis Midstream Partners LP (OMP) stock is up 20.70% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.
InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.
The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.
What's Happening With OMP Stock Today?
Oasis Midstream Partners LP (OMP) stock has gained 5.93% while the S&P 500 is lower by -0.12% as of 2:04 PM on Tuesday, Jun 15. OMP is up $1.84 from the previous closing price of $31.05 on volume of 242,478 shares. Over the past year the S&P 500 is up 38.59% while OMP is up 237.68%. OMP earned $5.73 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 5.74.
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More About Oasis Midstream Partners LP
Oasis Midstream Partners LP owns, develops, operates and acquires a diversified portfolio of midstream assets in North America that are integral to the oil and natural gas operations of Oasis Petroleum. The assets are located in the Williston Basin. It offers full-service midstream solutions to customers covering their oil, gas and water needs. The company generates revenues through long-term, fee-based contractual arrangements.
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