Rice Midstream Partners LP (NYSE:RMP) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday, June 29th.
RMP has been the subject of a number of other research reports. Zacks Investment Research cut Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 8th. Johnson Rice initiated coverage on Rice Midstream Partners in a report on Thursday, March 23rd. They issued an “accumulate” rating for the company. Scotiabank cut Rice Midstream Partners from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $31.00 to $22.00 in a report on Monday, June 26th. Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 price target (down previously from $25.00) on shares of Rice Midstream Partners in a research report on Tuesday, June 20th. Finally, SunTrust Banks, Inc. lowered Rice Midstream Partners from a “buy” rating to a “hold” rating and reduced their price target for the company from $28.00 to $21.00 in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $24.22.
Rice Midstream Partners (NYSE RMP) traded down 0.19% during trading on Thursday, reaching $20.57. The company had a trading volume of 123,612 shares. The firm has a market capitalization of $2.10 billion, a PE ratio of 15.09 and a beta of 1.30. Rice Midstream Partners has a 12-month low of $16.87 and a 12-month high of $26.42. The firm’s 50 day moving average price is $20.67 and its 200 day moving average price is $23.77.
Rice Midstream Partners (NYSE:RMP) last issued its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.36. Rice Midstream Partners had a return on equity of 12.79% and a net margin of 58.46%. The business had revenue of $62.75 million during the quarter, compared to analysts’ expectations of $56.64 million. Analysts anticipate that Rice Midstream Partners will post $1.39 earnings per share for the current year.
Several large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA acquired a new stake in shares of Rice Midstream Partners during the first quarter valued at approximately $116,000. Proficio Capital Partners LLC acquired a new stake in shares of Rice Midstream Partners during the first quarter valued at approximately $220,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Rice Midstream Partners during the first quarter valued at approximately $229,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Rice Midstream Partners during the first quarter valued at approximately $268,000. Finally, Level Four Advisory Services LLC acquired a new stake in shares of Rice Midstream Partners during the first quarter valued at approximately $304,000.
Rice Midstream Partners Company Profile
Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s segments are 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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