Rice Midstream Partners (RMP) Receives $21.75 Average Price Target from Analysts

Rice Midstream Partners (NYSE:RMP) has earned a consensus rating of “Hold” from the twenty-two ratings firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $21.75.

A number of analysts recently commented on the company. ValuEngine lowered Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Johnson Rice lowered Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a report on Monday, January 29th. TheStreet upgraded Rice Midstream Partners from a “c” rating to a “b” rating in a report on Monday, December 18th. Tudor Pickering reiterated a “hold” rating on shares of Rice Midstream Partners in a report on Wednesday, December 13th. Finally, Wellington Shields reiterated a “market perform” rating on shares of Rice Midstream Partners in a report on Friday, February 23rd.

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Large investors have recently added to or reduced their stakes in the business. Ferris Capital LLC purchased a new stake in Rice Midstream Partners in the fourth quarter worth $293,000. Allianz Asset Management GmbH purchased a new stake in Rice Midstream Partners in the third quarter worth $384,000. Franklin Square Holdings L.P. purchased a new stake in Rice Midstream Partners in the fourth quarter worth $397,000. Alliancebernstein L.P. increased its position in Rice Midstream Partners by 73.5% in the fourth quarter. Alliancebernstein L.P. now owns 25,000 shares of the oil and gas producer’s stock worth $537,000 after buying an additional 10,590 shares during the last quarter. Finally, Starfire Investment Advisers Inc. purchased a new stake in Rice Midstream Partners in the fourth quarter worth $811,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Rice Midstream Partners stock traded up $0.30 during mid-day trading on Friday, reaching $18.10. 459,202 shares of the company’s stock were exchanged, compared to its average volume of 600,245. The firm has a market capitalization of $1,851.67, a P/E ratio of 12.48, a price-to-earnings-growth ratio of 0.72 and a beta of 1.15. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.18. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.11.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Thursday, February 15th. The oil and gas producer reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.05. Rice Midstream Partners had a return on equity of 11.37% and a net margin of 59.43%. analysts predict that Rice Midstream Partners will post 1.67 EPS for the current fiscal year.

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Rice Midstream Partners Company Profile

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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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