Rice Midstream Partners LP (RMP) Given Consensus Recommendation of “Hold” by Analysts

Rice Midstream Partners LP (NYSE:RMP) has received a consensus rating of “Hold” from the twenty ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.43.

A number of brokerages have recently weighed in on RMP. Tudor Pickering restated a “hold” rating on shares of Rice Midstream Partners in a research note on Wednesday, December 13th. BMO Capital Markets set a $20.00 price objective on shares of Rice Midstream Partners and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Scotiabank restated a “hold” rating on shares of Rice Midstream Partners in a research note on Tuesday, October 10th. ValuEngine cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th.

Shares of Rice Midstream Partners (NYSE:RMP) opened at $21.51 on Monday. 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 company has a market cap of $1,582.05, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 0.78 and a beta of 1.26. Rice Midstream Partners has a 1 year low of $16.87 and a 1 year high of $26.42.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.11. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%. The business had revenue of $81.70 million during the quarter, compared to analysts’ expectations of $65.25 million. During the same period in the previous year, the company earned $0.30 earnings per share. Rice Midstream Partners’s revenue for the quarter was up 98.8% on a year-over-year basis. sell-side analysts predict that Rice Midstream Partners will post 1.72 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in RMP. Goldman Sachs Group Inc. raised its stake in Rice Midstream Partners by 25.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock valued at $149,573,000 after purchasing an additional 1,541,392 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Rice Midstream Partners by 93.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,324,660 shares of the oil and gas producer’s stock valued at $48,283,000 after purchasing an additional 1,124,064 shares during the last quarter. ING Groep NV raised its stake in Rice Midstream Partners by 905.1% during the 3rd quarter. ING Groep NV now owns 1,017,204 shares of the oil and gas producer’s stock valued at $21,300,000 after purchasing an additional 916,000 shares during the last quarter. Atlantic Trust Group LLC raised its stake in Rice Midstream Partners by 45.1% during the 3rd quarter. Atlantic Trust Group LLC now owns 2,341,401 shares of the oil and gas producer’s stock valued at $49,029,000 after purchasing an additional 727,930 shares during the last quarter. Finally, Alps Advisors Inc. raised its stake in Rice Midstream Partners by 11.3% during the 3rd quarter. Alps Advisors Inc. now owns 5,973,792 shares of the oil and gas producer’s stock valued at $125,091,000 after purchasing an additional 607,938 shares during the last quarter.

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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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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