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Oasis Midstream Partners LP (Oasis Midstream Partners LP) Piotroski F-Score : 6 (As of Apr. 26, 2024)


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What is Oasis Midstream Partners LP Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Oasis Midstream Partners LP has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Oasis Midstream Partners LP's Piotroski F-Score or its related term are showing as below:

OMP' s Piotroski F-Score Range Over the Past 10 Years
Min: 4   Med: 5   Max: 6
Current: 6

During the past 6 years, the highest Piotroski F-Score of Oasis Midstream Partners LP was 6. The lowest was 4. And the median was 5.


Oasis Midstream Partners LP Piotroski F-Score Historical Data

The historical data trend for Oasis Midstream Partners LP's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Oasis Midstream Partners LP Piotroski F-Score Chart

Oasis Midstream Partners LP Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Get a 7-Day Free Trial N/A 5.00 4.00 6.00 5.00

Oasis Midstream Partners LP Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 5.00 5.00 6.00

Competitive Comparison of Oasis Midstream Partners LP's Piotroski F-Score

For the Oil & Gas Midstream subindustry, Oasis Midstream Partners LP's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Oasis Midstream Partners LP's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oasis Midstream Partners LP's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Oasis Midstream Partners LP's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Sep21) TTM:Last Year (Sep20) TTM:
Net Income was 55.339 + 25.901 + 35.154 + 37.62 = $154.0 Mil.
Cash Flow from Operations was 47.164 + 39.441 + 58.617 + 62.082 = $207.3 Mil.
Revenue was 90.614 + 100.373 + 95.256 + 105.375 = $391.6 Mil.
Gross Profit was 65.758 + 68.612 + 66.688 + 69.953 = $271.0 Mil.
Average Total Assets from the begining of this year (Sep20)
to the end of this year (Sep21) was
(1064.721 + 1030.693 + 1041.321 + 1045.105 + 1048.088) / 5 = $1045.9856 Mil.
Total Assets at the begining of this year (Sep20) was $1,064.7 Mil.
Long-Term Debt & Capital Lease Obligation was $650.4 Mil.
Total Current Assets was $102.8 Mil.
Total Current Liabilities was $62.8 Mil.
Net Income was 38.479 + -71.399 + 11.874 + 27.261 = $6.2 Mil.

Revenue was 112.386 + 106.627 + 66.063 + 84.555 = $369.6 Mil.
Gross Profit was 94.115 + 87.998 + 51.967 + 69.514 = $303.6 Mil.
Average Total Assets from the begining of last year (Sep19)
to the end of last year (Sep20) was
(1102.527 + 1154.669 + 1091.063 + 1064.192 + 1064.721) / 5 = $1095.4344 Mil.
Total Assets at the begining of last year (Sep19) was $1,102.5 Mil.
Long-Term Debt & Capital Lease Obligation was $488.5 Mil.
Total Current Assets was $114.7 Mil.
Total Current Liabilities was $80.3 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Oasis Midstream Partners LP's current Net Income (TTM) was 154.0. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Oasis Midstream Partners LP's current Cash Flow from Operations (TTM) was 207.3. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep20)
=154.014/1064.721
=0.14465198

ROA (Last Year)=Net Income/Total Assets (Sep19)
=6.215/1102.527
=0.00563705

Oasis Midstream Partners LP's return on assets of this year was 0.14465198. Oasis Midstream Partners LP's return on assets of last year was 0.00563705. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Oasis Midstream Partners LP's current Net Income (TTM) was 154.0. Oasis Midstream Partners LP's current Cash Flow from Operations (TTM) was 207.3. ==> 207.3 > 154.0 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=650.39/1045.9856
=0.62179632

Gearing (Last Year: Sep20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep19 to Sep20
=488.473/1095.4344
=0.44591716

Oasis Midstream Partners LP's gearing of this year was 0.62179632. Oasis Midstream Partners LP's gearing of last year was 0.44591716. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep21)=Total Current Assets/Total Current Liabilities
=102.815/62.782
=1.63765092

Current Ratio (Last Year: Sep20)=Total Current Assets/Total Current Liabilities
=114.679/80.303
=1.42807865

Oasis Midstream Partners LP's current ratio of this year was 1.63765092. Oasis Midstream Partners LP's current ratio of last year was 1.42807865. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Oasis Midstream Partners LP's number of shares in issue this year was 48.599. Oasis Midstream Partners LP's number of shares in issue last year was 33.633. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=271.011/391.618
=0.69202897

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=303.594/369.631
=0.82134345

Oasis Midstream Partners LP's gross margin of this year was 0.69202897. Oasis Midstream Partners LP's gross margin of last year was 0.82134345. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep20)
=391.618/1064.721
=0.36781279

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep19)
=369.631/1102.527
=0.335258

Oasis Midstream Partners LP's asset turnover of this year was 0.36781279. Oasis Midstream Partners LP's asset turnover of last year was 0.335258. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+0+0+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Oasis Midstream Partners LP has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Oasis Midstream Partners LP  (NAS:OMP) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Oasis Midstream Partners LP Piotroski F-Score Related Terms

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Oasis Midstream Partners LP (Oasis Midstream Partners LP) Business Description

Traded in Other Exchanges
N/A
Address
1001 Fannin Street, Suite 1500, Houston, TX, USA, 77002
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.
Executives
Taylor L Reid director, officer: Chief Executive Officer 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Michael H Lou director, officer: President 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Nickolas J Lorentzatos director, officer: EVP, GC and Corporate Sec 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Thomas B Nusz director 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Richard N Robuck officer: SVP and CFO 1001 FANNIN STREET SUITE 1500 HOUSTON TX 77002
Phil D Kramer director 4747 GAILLARDIA PARKWAY, OKLAHOMA CITY OK 73142
Matthew D Fitzgerald director 1111 BAGBY, SUITE 1600, HOUSTON TX 77002
Harry N Pefanis director 333 CLAY STREET, STE 1600, HOUSTON TX 77002
Oasis Petroleum Inc. 10 percent owner 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Oasis Petroleum Llc 10 percent owner 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002
Oms Holdings Llc 10 percent owner 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002
Omp Gp Llc director 1001 FANNIN STREET SUITE 1500 HOUSTON TX 77002