Rose Rock Midstream Given Consensus Rating of “Buy” by Analysts (NASDAQ:RRMS)
Rose Rock Midstream (NASDAQ:RRMS) has been given a consensus rating of “Buy” by the ten brokerages that are presently covering the stock, Analyst Ratings Net reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $50.70.
RRMS has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Rose Rock Midstream in a research note on Wednesday, July 23rd. They now have a $57.50 price target on the stock, up previously from $42.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Rose Rock Midstream in a research note on Monday, June 30th. They now have a $62.00 price target on the stock, up previously from $47.00. Finally, analysts at Goldman Sachs initiated coverage on shares of Rose Rock Midstream in a research note on Thursday, June 19th. They set a “buy” rating and a $61.00 price target on the stock.
Rose Rock Midstream (NASDAQ:RRMS) traded down 0.36% during mid-day trading on Wednesday, hitting $54.85. The stock had a trading volume of 2,125 shares. Rose Rock Midstream has a 1-year low of $31.49 and a 1-year high of $58.43. The stock has a 50-day moving average of $53.90 and a 200-day moving average of $43.86. The company has a market cap of $1.456 billion and a P/E ratio of 34.84.
Rose Rock Midstream (NASDAQ:RRMS) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the 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. The company’s revenue for the quarter was up 69.9% on a year-over-year basis. Analysts expect that Rose Rock Midstream will post $1.75 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Shareholders of record on Monday, August 4th will be given a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date of this dividend is Thursday, July 31st.
Rose Rock Midstream, L.P. owns, operates, develops and acquires a diversified portfolio of midstream energy assets.
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