Rose Rock Midstream Given Average Rating of “Buy” by Analysts (NASDAQ:RRMS)
Shares of Rose Rock Midstream (NASDAQ:RRMS) have been given an average rating of “Buy” by the ten brokerages that are presently covering the stock, AnalystRatingsNetwork reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $50.70.
A number of analysts have recently weighed in on RRMS shares. 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.
Shares of Rose Rock Midstream (NASDAQ:RRMS) opened at 53.32 on Wednesday. Rose Rock Midstream has a 1-year low of $31.49 and a 1-year high of $58.43. The stock’s 50-day moving average is $54.33 and its 200-day moving average is $44.11. The company has a market cap of $1.415 billion and a price-to-earnings ratio of 33.68.
Rose Rock Midstream (NASDAQ:RRMS) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.45 EPS for the quarter, missing the Thomson Reuters 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 quarterly revenue was up 69.9% on a year-over-year basis. On average, analysts predict that Rose Rock Midstream will post $1.75 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders 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 4.01%. 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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