Rice Midstream Partners (NYSE:RMP) – Stock analysts at US Capital Advisors increased their Q1 2018 earnings estimates for Rice Midstream Partners in a research note issued to investors on Friday, April 6th. US Capital Advisors analyst C. Crosby now anticipates that the oil and gas producer will post earnings of $0.40 per share for the quarter, up from their prior estimate of $0.36. US Capital Advisors also issued estimates for Rice Midstream Partners’ Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.42 EPS, FY2018 earnings at $1.64 EPS and FY2019 earnings at $1.87 EPS.
Several other equities research analysts have also recently commented on the company. TheStreet raised Rice Midstream Partners from a “c” rating to a “b” rating in a research note on Monday, December 18th. Wells Fargo cut Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Thursday, February 22nd. Tudor Pickering reaffirmed a “hold” rating on shares of Rice Midstream Partners in a research note on Wednesday, December 13th. Johnson Rice cut Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a research note on Monday, January 29th. Finally, Zacks Investment Research cut Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $22.00.
NYSE RMP opened at $17.25 on Monday. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.18. The company has a market cap of $1,764.71, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 0.69 and a beta of 1.17. The company has a quick ratio of 2.44, a current ratio of 2.44 and a debt-to-equity ratio of 0.11.
Rice Midstream Partners (NYSE:RMP) last released its earnings results on Thursday, February 15th. The oil and gas producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.36 by $0.05. Rice Midstream Partners had a return on equity of 11.37% and a net margin of 59.43%.
A number of institutional investors have recently made changes to their positions in the business. Castleark Management LLC acquired a new stake in Rice Midstream Partners in the fourth quarter valued at approximately $1,894,000. Cushing Asset Management LP grew its stake in Rice Midstream Partners by 31.1% in the fourth quarter. Cushing Asset Management LP now owns 2,078,226 shares of the oil and gas producer’s stock valued at $44,620,000 after acquiring an additional 492,688 shares during the period. Guggenheim Capital LLC grew its stake in Rice Midstream Partners by 13.7% in the fourth quarter. Guggenheim Capital LLC now owns 115,195 shares of the oil and gas producer’s stock valued at $2,473,000 after acquiring an additional 13,904 shares during the period. EnTrustPermal Partners Offshore LP acquired a new stake in Rice Midstream Partners in the fourth quarter valued at approximately $3,012,000. Finally, Deutsche Bank AG boosted its position in shares of Rice Midstream Partners by 53.5% during the fourth quarter. Deutsche Bank AG now owns 306,837 shares of the oil and gas producer’s stock valued at $6,586,000 after buying an additional 106,900 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.
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About Rice Midstream Partners
Rice Midstream Partners LP owns, operates, develops, and acquires midstream assets in the Appalachian Basin. It operates in two segments, Gathering and Compression; and Water Services. Its natural gas gathering and compression assets consist of natural gas gathering and compression systems that service producers in the dry gas core of the Marcellus Shale in southwestern Pennsylvania.
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