Rose Rock Midstream LP (NYSE:RRMS) has received an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $22.88.
A number of research analysts have recently commented on RRMS shares. Zacks Investment Research lowered Rose Rock Midstream from a “buy” rating to a “hold” rating in a report on Thursday, August 11th. SunTrust Banks Inc. started coverage on Rose Rock Midstream in a report on Tuesday, June 14th. They set a “neutral” rating and a $29.00 price objective on the stock.
Several hedge funds have recently made changes to their positions in RRMS. Eagle Global Advisors LLC increased its stake in shares of Rose Rock Midstream by 3.7% in the second quarter. Eagle Global Advisors LLC now owns 1,259,310 shares of the company’s stock worth $33,233,000 after buying an additional 45,150 shares in the last quarter. Cohen & Steers Inc. increased its stake in shares of Rose Rock Midstream by 267.2% in the second quarter. Cohen & Steers Inc. now owns 954,677 shares of the company’s stock worth $18,263,000 after buying an additional 694,702 shares in the last quarter. Kayne Anderson Capital Advisors LP increased its stake in shares of Rose Rock Midstream by 53.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 661,630 shares of the company’s stock worth $17,457,000 after buying an additional 231,610 shares in the last quarter. Westwood Holdings Group Inc. purchased a new stake in shares of Rose Rock Midstream during the second quarter worth approximately $7,992,000. Finally, Jennison Associates LLC increased its stake in shares of Rose Rock Midstream by 25.3% in the second quarter. Jennison Associates LLC now owns 284,069 shares of the company’s stock worth $7,497,000 after buying an additional 57,379 shares in the last quarter.
Shares of Rose Rock Midstream (NYSE:RRMS) traded up 4.84% during trading on Wednesday, hitting $26.85. The company’s stock had a trading volume of 124,138 shares. The firm’s 50 day moving average is $25.76 and its 200-day moving average is $21.93. Rose Rock Midstream has a 1-year low of $6.67 and a 1-year high of $32.44. The company has a market capitalization of $989.07 million, a P/E ratio of 30.93 and a beta of 2.21.
Rose Rock Midstream (NYSE:RRMS) last issued its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.24. The business earned $169.14 million during the quarter, compared to the consensus estimate of $241.15 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. Rose Rock Midstream’s revenue was down 24.3% on a year-over-year basis. Analysts forecast that Rose Rock Midstream will post $1.04 EPS for the current fiscal year.
About Rose Rock Midstream
Rose Rock Midstream, L.P. owns, operates, develops and acquires diversified portfolio of midstream energy assets. The Company is engaged in providing midstream energy related services, such as crude oil gathering, transportation, storage, distribution and marketing in Colorado, Kansas, Minnesota, Montana, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas and Wyoming.
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