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Rose Rock Midstream (NASDAQ:RRMS) was downgraded by equities research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. They currently have a $49.00 price objective on the stock. Robert W. Baird’s price objective suggests a potential upside of 1.72% from the company’s current price. The analysts noted that the move was a valuation call.

Rose Rock Midstream (NASDAQ:RRMS) traded up 0.08% on Thursday, hitting $48.21. The stock had a trading volume of 33,857 shares. Rose Rock Midstream has a 52-week low of $31.49 and a 52-week high of $50.15. The stock has a 50-day moving average of $43.4 and a 200-day moving average of $39.73. The company has a market cap of $1.279 billion and a P/E ratio of 30.49.

Rose Rock Midstream (NASDAQ:RRMS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.02. The company had revenue of $290.92 million for the quarter, compared to the consensus estimate of $252.26 million. Rose Rock Midstream’s revenue was up 69.9% compared to the same quarter last year. Analysts expect that Rose Rock Midstream will post $1.83 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Rose Rock Midstream from $44.00 to $52.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Rose Rock Midstream from $44.00 to $47.00 in a research note on Monday, May 12th. They now have an “overweight” rating on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Rose Rock Midstream from a “buy” rating to a “neutral” rating in a research note on Friday, March 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Rose Rock Midstream currently has a consensus rating of “Buy” and an average target price of $45.35.

Rose Rock Midstream, L.P. owns, operates, develops and acquires a diversified portfolio of midstream energy assets.

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