Teilinger USA Inc. bought a new position in shares of Rice Midstream Partners LP (NYSE:RMP) during the second quarter, Holdings Channel reports. The institutional investor bought 75,946 shares of the company’s stock, valued at approximately $1,552,000. Rice Midstream Partners makes up 100.0% of Teilinger USA Inc.’s holdings, making the stock its largest position.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in Rice Midstream Partners by 3.9% in the first quarter. State Street Corp now owns 26,293 shares of the company’s stock worth $391,000 after buying an additional 983 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Rice Midstream Partners by 10.4% in the second quarter. BNP Paribas Arbitrage SA now owns 12,128 shares of the company’s stock worth $248,000 after buying an additional 1,144 shares in the last quarter. Pointe Capital Management LLC increased its position in 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 in the last quarter. Creative Planning purchased a new position in Rice Midstream Partners during the second quarter worth $112,000. Finally, Hollencrest Securities LLC purchased a new position in Rice Midstream Partners during the second quarter worth $432,000. 94.44% of the stock is currently owned by institutional investors.
Rice Midstream Partners LP (NYSE:RMP) traded down 1.24% during trading on Monday, reaching $23.96. The company’s stock had a trading volume of 248,128 shares. The firm has a market capitalization of $1.94 billion, a P/E ratio of 18.65 and a beta of 1.35. The stock has a 50-day moving average of $21.91 and a 200 day moving average of $18.75. Rice Midstream Partners LP has a one year low of $8.40 and a one year high of $24.30.
Rice Midstream Partners (NYSE:RMP) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. Rice Midstream Partners had a return on equity of 15.87% and a net margin of 57.23%. The firm earned $46.55 million during the quarter, compared to analysts’ expectations of $39.23 million. During the same period last year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up 63.0% compared to the same quarter last year. On average, equities research analysts predict that Rice Midstream Partners LP will post ($0.13) EPS for the current fiscal year.
A number of analysts have commented on the company. Zacks Investment Research cut Rice Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Drexel Hamilton assumed coverage on Rice Midstream Partners in a research report on Tuesday, August 16th. They issued a “buy” rating for the company. Barclays PLC upped their price target on Rice Midstream Partners from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, August 8th. Goldman Sachs Group Inc. cut Rice Midstream Partners from a “buy” rating to a “not rated” rating in a research report on Wednesday, September 28th. Finally, Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Rice Midstream Partners in a research report on Thursday, September 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $20.75.
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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