News headlines about Rice Midstream Partners (NYSE:RMP) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rice Midstream Partners earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the oil and gas producer an impact score of 45.2654405437629 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
Rice Midstream Partners (NYSE RMP) remained flat at $20.04 during mid-day trading on Thursday. 1,124,311 shares of the company traded hands. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.42. The company has a 50-day moving average price of $21.10 and a 200 day moving average price of $21.99. The firm has a market capitalization of $2.05 billion, a P/E ratio of 14.18 and a beta of 1.30.
Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. The company had revenue of $72.38 million during the quarter, compared to analysts’ expectations of $58.20 million. Rice Midstream Partners had a return on equity of 12.71% and a net margin of 58.22%. Rice Midstream Partners’s revenue for the quarter was up 55.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.38 earnings per share. On average, equities research analysts expect that Rice Midstream Partners will post $1.43 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Investors of record on Tuesday, November 7th will be given a dividend of $0.2814 per share. This represents a $1.13 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date of this dividend is Monday, November 6th. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.27. Rice Midstream Partners’s dividend payout ratio is 70.13%.
Several research analysts recently weighed in on RMP shares. BMO Capital Markets set a $20.00 price objective on shares of Rice Midstream Partners and gave the stock a “buy” rating in a research note on Thursday, August 10th. ValuEngine raised shares of Rice Midstream Partners from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Canaccord Genuity reissued a “buy” rating on shares of Rice Midstream Partners in a research note on Monday, September 4th. Zacks Investment Research raised shares of Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Saturday, September 16th. Finally, TheStreet lowered shares of Rice Midstream Partners from a “b-” rating to a “c+” rating in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Rice Midstream Partners currently has a consensus rating of “Hold” and a consensus target price of $21.63.
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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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