Rice Midstream Partners (NYSE:RMP) announced its quarterly earnings data on Thursday. The oil and gas producer reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.05, Bloomberg Earnings reports. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%.
Rice Midstream Partners (NYSE RMP) traded up $0.21 during trading hours on Thursday, reaching $20.40. 384,997 shares of the company traded hands, compared to its average volume of 562,963. Rice Midstream Partners has a 52-week low of $16.87 and a 52-week high of $26.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95. The firm has a market capitalization of $1,480.55, a price-to-earnings ratio of 11.86, a PEG ratio of 0.73 and a beta of 1.10.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were given a $0.2917 dividend. This represents a $1.17 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend was Thursday, February 1st. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.28. Rice Midstream Partners’s dividend payout ratio is 68.02%.
RMP has been the subject of a number of research analyst reports. Canaccord Genuity reaffirmed a “buy” rating on shares of Rice Midstream Partners in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Rice Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Tuesday, November 7th. Scotiabank set a $23.00 price objective on shares of Rice Midstream Partners and gave the company a “hold” rating in a research report on Saturday, November 25th. Tudor Pickering reaffirmed a “hold” rating on shares of Rice Midstream Partners in a research report on Wednesday, December 13th. Finally, TheStreet raised shares of Rice Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, December 18th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and three have issued a buy rating to the company’s stock. Rice Midstream Partners has a consensus rating of “Hold” and a consensus target price of $22.00.
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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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