Rice Midstream Partners LP (NYSE:RMP) had its target price upped by Howard Weil from $27.00 to $29.00 in a research note released on Tuesday morning. Howard Weil currently has a sector outperform rating on the stock.
A number of other analysts have also weighed in on RMP. Zacks Investment Research raised shares of Rice Midstream Partners from a hold rating to a buy rating and set a $22.00 target price on the stock in a report on Wednesday, July 6th. Barclays PLC upped their target price on shares of Rice Midstream Partners from $22.00 to $24.00 and gave the stock an overweight rating in a report on Monday, August 8th. Drexel Hamilton started coverage on shares of Rice Midstream Partners in a report on Tuesday, August 16th. They set a buy rating on the stock. TheStreet raised shares of Rice Midstream Partners from a sell rating to a hold rating in a report on Tuesday, August 23rd. Finally, Stifel Nicolaus lowered shares of Rice Midstream Partners from a buy rating to a hold rating in a report on Friday, August 26th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Rice Midstream Partners has a consensus rating of Buy and an average target price of $22.00.
Rice Midstream Partners (NYSE:RMP) traded down 0.317% during trading on Tuesday, hitting $22.648. 16,641 shares of the stock traded hands. The stock has a market cap of $1.84 billion, a PE ratio of 17.625 and a beta of 1.35. Rice Midstream Partners has a 12 month low of $8.40 and a 12 month high of $24.30. The company has a 50-day moving average price of $22.27 and a 200-day moving average price of $19.24.
Rice Midstream Partners (NYSE:RMP) last posted its earnings results on Wednesday, August 3rd. The company reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.12. The business had revenue of $46.55 million for the quarter, compared to analyst estimates of $39.23 million. Rice Midstream Partners had a net margin of 57.23% and a return on equity of 15.87%. Rice Midstream Partners’s revenue was up 63.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 EPS. Equities research analysts expect that Rice Midstream Partners will post ($0.13) EPS for the current year.
Large investors have recently made changes to their positions in the stock. Teilinger Capital Ltd. acquired a new stake in shares of Rice Midstream Partners during the second quarter worth about $1,552,000. Pointe Capital Management LLC boosted its stake in shares of Rice Midstream Partners by 9.6% in the second quarter. Pointe Capital Management LLC now owns 56,354 shares of the company’s stock worth $1,151,000 after buying an additional 4,926 shares during the period. Bank of Montreal Can acquired a new stake in shares of Rice Midstream Partners during the second quarter worth about $2,717,000. First Western Capital Management Co acquired a new stake in shares of Rice Midstream Partners during the second quarter worth about $1,649,000. Finally, Creative Planning acquired a new stake in shares of Rice Midstream Partners during the second quarter worth about $112,000. 94.44% of the stock is owned by institutional investors.
Rice Midstream Partners Company Profile
Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company operates in two segments: gathering and compression, and water services. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin.
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