Analysts Set Expectations for Rice Midstream Partners LP’s FY2019 Earnings (RMP)

Rice Midstream Partners LP (NYSE:RMP) – Analysts at US Capital Advisors issued their FY2019 earnings per share (EPS) estimates for shares of Rice Midstream Partners in a research note issued to investors on Thursday. US Capital Advisors analyst B. Followill forecasts that the oil and gas producer will post earnings per share of $1.84 for the year.

Rice Midstream Partners (NYSE:RMP) last posted its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.37 by $0.11. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. The company had revenue of $81.70 million for the quarter, compared to the consensus estimate of $65.25 million. During the same quarter in the prior year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 98.8% on a year-over-year basis.

A number of other equities research analysts also recently issued reports on the company. ValuEngine downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet raised Rice Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, December 18th. Tudor Pickering reissued a “hold” rating on shares of Rice Midstream Partners in a research report on Wednesday, December 13th. Scotiabank set a $23.00 price target on Rice Midstream Partners and gave the stock a “hold” rating in a research report on Saturday, November 25th. Finally, Zacks Investment Research downgraded Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.75.

Shares of Rice Midstream Partners (NYSE RMP) traded down $0.11 during trading hours on Monday, reaching $21.67. The company had a trading volume of 343,908 shares, compared to its average volume of 369,229. The firm has a market capitalization of $2,230.00, a P/E ratio of 13.72, a P/E/G 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. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.18.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Atlantic Trust Group LLC lifted its stake 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. Neuberger Berman Group LLC lifted its stake 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. Allianz Asset Management GmbH bought a new stake in Rice Midstream Partners during the third quarter worth $384,000. Grisanti Capital Management LLC bought a new stake in Rice Midstream Partners during the third quarter worth $1,334,000. Finally, HITE Hedge Asset Management LLC bought a new stake in Rice Midstream Partners during the third quarter worth $3,254,000.

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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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