Rattler Midstream LP (NASDAQ:RTLR) Given Consensus Recommendation of “Buy” by Analysts

Rattler Midstream LP (NASDAQ:RTLR) has been given an average rating of “Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $22.54.

RTLR has been the topic of a number of research reports. Wells Fargo & Co initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set an “outperform” rating and a $22.00 target price on the stock. Credit Suisse Group initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set a “neutral” rating and a $22.00 target price on the stock. Goldman Sachs Group initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set a “buy” rating and a $24.00 target price on the stock. Citigroup initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Seaport Global Securities initiated coverage on shares of Rattler Midstream in a research report on Monday, June 17th. They set a “buy” rating and a $23.00 target price on the stock.

Shares of Rattler Midstream stock traded up $0.73 during trading on Tuesday, reaching $17.99. 386,580 shares of the company traded hands, compared to its average volume of 279,597. Rattler Midstream has a 1-year low of $16.25 and a 1-year high of $20.24. The company has a 50 day moving average price of $19.03.

Hedge funds have recently made changes to their positions in the business. Bank of Montreal Can bought a new stake in Rattler Midstream during the 2nd quarter valued at $49,000. Janus Henderson Group PLC bought a new stake in Rattler Midstream during the 2nd quarter valued at $197,000. BNP Paribas Arbitrage SA bought a new stake in Rattler Midstream during the 2nd quarter valued at $204,000. Wells Fargo & Company MN bought a new stake in Rattler Midstream during the 2nd quarter valued at $379,000. Finally, Landscape Capital Management L.L.C. bought a new stake in Rattler Midstream during the 2nd quarter valued at $1,835,000. Institutional investors and hedge funds own 0.53% of the company’s stock.

Rattler Midstream Company Profile

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Analyst Recommendations for Rattler Midstream (NASDAQ:RTLR)

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