Rice Midstream Partners (RMP) Earning Somewhat Favorable Press Coverage, Analysis Shows

Media headlines about Rice Midstream Partners (NYSE:RMP) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rice Midstream Partners earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news articles about the oil and gas producer an impact score of 46.2698189033105 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Rice Midstream Partners (NYSE:RMP) opened at $21.70 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. Rice Midstream Partners has a fifty-two week low of $16.87 and a fifty-two week high of $26.42. The stock has a market cap of $2,220.00 and a PE ratio of 11.92.

Rice Midstream Partners (NYSE:RMP) last announced its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. The business had revenue of $81.70 million during the quarter, compared to analyst estimates of $65.25 million. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%. The firm’s revenue for the quarter was up 98.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.30 earnings per share. equities research analysts predict that Rice Midstream Partners will post 1.56 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Tuesday, November 7th were given a $0.2814 dividend. This represents a $1.13 annualized dividend and a yield of 5.19%. The ex-dividend date was Monday, November 6th. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.27. Rice Midstream Partners’s dividend payout ratio is 71.52%.

RMP has been the topic of several recent analyst reports. Zacks Investment Research raised Rice Midstream Partners from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. BMO Capital Markets set a $20.00 price target on Rice Midstream Partners and gave the company a “buy” rating in a report on Thursday, August 10th. Stifel Nicolaus set a $19.00 price target on Rice Midstream Partners and gave the company a “hold” rating in a report on Friday, August 25th. ValuEngine cut Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, AltaCorp Capital reissued a “hold” rating on shares of Rice Midstream Partners in a research note on Monday, September 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the stock. Rice Midstream Partners presently has a consensus rating of “Hold” and a consensus target price of $21.75.

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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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