Ladenburg Thalmann analyst Michael Schmitz initiated shares of Oasis Midstream Partners (OMP) with a Buy rating and $28 price target. In a research note to investors, Schmitz says Oasis Midstream provides crude oil, natural gas and water-related midstream services predominantly for Oasis Petroleum (OAS), which owns ~90% of Oasis Midstream's GP and ~69% of its LP units, which he believes aligns Oasis Petroleum's interest with Oasis Midstream unitholders. Schmitz believes Oasis Midstream has additional organic growth potential upside through incremental Oasis Petroleum development opportunities in the Williston Basin, expansion of its third party business in Williston Basin and potential midstream opportunities associated with Oasis Petroleum's recently acquired 22,000 net acres in the Delaware Basin.