Shares of Rice Midstream Partners (NYSE:RMP) have earned an average recommendation of “Hold” from the twenty-two brokerages that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.75.
RMP has been the subject of a number of recent research reports. ValuEngine cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Citigroup initiated coverage on shares of Rice Midstream Partners in a research report on Monday, January 22nd. They issued a “neutral” rating and a $24.00 target price for the company. Johnson Rice cut shares of Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a research report on Monday, January 29th. Finally, Wells Fargo cut shares of Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 22nd.
Shares of NYSE RMP opened at $18.72 on Wednesday. The stock has a market capitalization of $1,839.39, a PE ratio of 12.91, a price-to-earnings-growth ratio of 0.76 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 has a 52 week low of $16.87 and a 52 week high of $26.18.
Rice Midstream Partners (NYSE:RMP) last issued its earnings results on Thursday, February 15th. The oil and gas producer reported $0.41 EPS for the quarter, beating the Zacks’ 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%. equities research analysts predict that Rice Midstream Partners will post 1.67 EPS for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in RMP. Allianz Asset Management GmbH acquired a new stake in Rice Midstream Partners during the third quarter worth about $384,000. Neuberger Berman Group LLC increased its position in 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 worth $5,784,000 after purchasing an additional 63,992 shares during the last quarter. Atlantic Trust Group LLC increased its position in 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 worth $49,029,000 after purchasing an additional 727,930 shares during the last quarter. Starfire Investment Advisers Inc. acquired a new stake in Rice Midstream Partners during the fourth quarter worth about $811,000. Finally, Bank of Montreal Can increased its position in 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 worth $30,202,000 after purchasing an additional 343,000 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
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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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