Zacks Investment Research lowered shares of Rice Midstream Partners (NYSE:RMP) from a strong-buy rating to a hold rating in a research report report published on Wednesday morning.
According to Zacks, “Rice Midstream Partners LP is a midstream energy company. It owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s revenues come from natural-gas gathering services and compression services. Rice Midstream Partners LP is headquartered in United States. “
A number of other research analysts have also commented on RMP. Scotiabank reiterated a hold rating on shares of Rice Midstream Partners in a report on Tuesday, October 10th. BMO Capital Markets set a $20.00 price target on Rice Midstream Partners and gave the stock a buy rating in a report on Tuesday, October 10th. Canaccord Genuity reiterated a buy rating on shares of Rice Midstream Partners in a report on Wednesday, October 25th. Tudor Pickering reiterated a hold rating on shares of Rice Midstream Partners in a report on Wednesday, December 13th. Finally, TheStreet upgraded Rice Midstream Partners from a c rating to a b rating in a report on Monday, December 18th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. Rice Midstream Partners currently has an average rating of Hold and a consensus price target of $21.75.
Rice Midstream Partners (RMP) traded up $0.03 on Wednesday, reaching $22.20. The company had a trading volume of 311,399 shares, compared to its average volume of 428,039. Rice Midstream Partners has a 12-month low of $16.87 and a 12-month high of $26.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2,270.00, a price-to-earnings ratio of 14.05, a P/E/G ratio of 0.81 and a beta of 1.26.
Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.11. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. The company had revenue of $81.70 million during the quarter, compared to analyst estimates of $65.25 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was up 98.8% compared to the same quarter last year. research analysts expect that Rice Midstream Partners will post 1.72 EPS for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its position in shares of Rice Midstream Partners by 32.2% during the fourth quarter. Bank of Montreal Can now owns 1,406,700 shares of the oil and gas producer’s stock valued at $30,202,000 after purchasing an additional 343,000 shares during the period. Starfire Investment Advisers Inc. bought a new stake in shares of Rice Midstream Partners during the fourth quarter valued at approximately $811,000. Atlantic Trust Group LLC increased its position in shares of Rice Midstream Partners by 45.1% during the third quarter. Atlantic Trust Group LLC now owns 2,341,401 shares of the oil and gas producer’s stock valued at $49,029,000 after purchasing an additional 727,930 shares during the period. Neuberger Berman Group LLC increased its position in shares of Rice Midstream Partners by 30.2% during the third quarter. Neuberger Berman Group LLC now owns 276,217 shares of the oil and gas producer’s stock valued at $5,784,000 after purchasing an additional 63,992 shares during the period. Finally, Allianz Asset Management GmbH bought a new stake in shares of Rice Midstream Partners during the third quarter valued at approximately $384,000.
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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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