Castleton Investment Management LLC raised its holdings in shares of Rice Midstream Partners LP (NYSE:RMP) by 20.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,000 shares of the oil and gas producer’s stock after buying an additional 12,000 shares during the period. Castleton Investment Management LLC owned about 0.10% of Rice Midstream Partners worth $1,503,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the stock. Ferris Capital LLC bought a new position in shares of Rice Midstream Partners during the 4th quarter valued at $293,000. Alliancebernstein L.P. raised its holdings in Rice Midstream Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 14,143 shares of the oil and gas producer’s stock worth $282,000 after acquiring an additional 792 shares during the period. Wells Fargo & Company MN raised its holdings in Rice Midstream Partners by 25.0% in the 2nd quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock worth $343,000 after acquiring an additional 3,437 shares during the period. Allianz Asset Management GmbH bought a new position in Rice Midstream Partners in the 3rd quarter worth $384,000. Finally, Franklin Square Holdings L.P. bought a new position in Rice Midstream Partners in the 4th quarter worth $397,000.
Several research analysts recently commented on RMP shares. Scotiabank set a $23.00 target price on shares of Rice Midstream Partners and gave the stock a “hold” rating in a report on Saturday, November 25th. ValuEngine downgraded shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo downgraded shares of Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a report on Thursday, February 22nd. TheStreet upgraded shares of Rice Midstream Partners from a “c” rating to a “b” rating in a report on Monday, December 18th. Finally, Zacks Investment Research downgraded shares of Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 17th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.00.
Shares of Rice Midstream Partners LP (NYSE:RMP) traded up $0.37 during midday trading on Friday, hitting $19.46. 701,426 shares of the company’s stock were exchanged, compared to its average volume of 592,616. The company has a market capitalization of $1,952.94, a P/E ratio of 11.31, a PEG ratio of 0.76 and a beta of 1.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.44 and a current ratio of 2.44. Rice Midstream Partners LP has a one year low of $16.87 and a one year high of $26.42.
Rice Midstream Partners (NYSE:RMP) last released its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.41 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.05. Rice Midstream Partners had a net margin of 59.43% and a return on equity of 11.37%. research analysts expect that Rice Midstream Partners LP will post 1.67 earnings per share for the current year.
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About Rice Midstream Partners
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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