Rice Midstream Partners LP (NYSE:RMP) – Investment analysts at US Capital Advisors issued their Q1 2017 earnings estimates for shares of Rice Midstream Partners in a research report issued on Wednesday. US Capital Advisors analyst B. Followill anticipates that the brokerage will post earnings of $0.29 per share for the quarter. US Capital Advisors also issued estimates for Rice Midstream Partners’ Q2 2017 earnings at $0.31 EPS, Q3 2017 earnings at $0.33 EPS, Q4 2017 earnings at $0.34 EPS, FY2017 earnings at $1.28 EPS, Q1 2018 earnings at $0.40 EPS, Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.41 EPS and Q4 2018 earnings at $0.41 EPS.
RMP has been the subject of several other research reports. Zacks Investment Research upgraded Rice Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a report on Thursday, January 19th. Stifel Nicolaus restated a “hold” rating and set a $25.00 price target (up previously from $23.00) on shares of Rice Midstream Partners in a report on Monday, February 27th. Finally, TheStreet cut Rice Midstream Partners from a “b-” rating to a “c+” rating in a report on Thursday, February 2nd. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $27.20.
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Rice Midstream Partners (NYSE:RMP) opened at 24.99 on Monday. The stock has a market capitalization of $2.56 billion, a PE ratio of 17.01 and a beta of 1.37. Rice Midstream Partners has a 1-year low of $13.84 and a 1-year high of $26.42. The stock’s 50 day moving average price is $24.80 and its 200 day moving average price is $23.07.
Rice Midstream Partners (NYSE:RMP) last posted its earnings results on Wednesday, February 22nd. The company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. Rice Midstream Partners had a return on equity of 15.83% and a net margin of 57.67%. The firm had revenue of $59.50 million for the quarter, compared to analysts’ expectations of $47.76 million. During the same period in the previous year, the firm earned $0.18 earnings per share. The business’s revenue was up 102.9% compared to the same quarter last year.
Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in Rice Midstream Partners by 3,528.6% in the third quarter. JPMorgan Chase & Co. now owns 823,802 shares of the company’s stock valued at $19,985,000 after buying an additional 801,099 shares during the last quarter. Pointe Capital Management LLC raised its stake in Rice Midstream Partners by 0.3% in the third quarter. Pointe Capital Management LLC now owns 56,503 shares of the company’s stock valued at $1,371,000 after buying an additional 149 shares during the last quarter. Wells Fargo & Company MN raised its stake in Rice Midstream Partners by 3,034.6% in the third quarter. Wells Fargo & Company MN now owns 100,308 shares of the company’s stock valued at $2,434,000 after buying an additional 97,108 shares during the last quarter. Duff & Phelps Investment Management Co. raised its stake in Rice Midstream Partners by 24.5% in the third quarter. Duff & Phelps Investment Management Co. now owns 769,500 shares of the company’s stock valued at $18,668,000 after buying an additional 151,200 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Rice Midstream Partners by 1.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,625,093 shares of the company’s stock valued at $39,945,000 after buying an additional 24,123 shares during the last quarter. 72.70% of the stock is owned by institutional investors and hedge funds.
About Rice Midstream Partners
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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