Share on StockTwits

Rose Rock Midstream (NASDAQ:RRMS) issued its quarterly earnings data on Thursday. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.02, Analyst Ratings News reports. The company had revenue of $290.40 million for the quarter, compared to the consensus estimate of $195.89 million. Rose Rock Midstream’s revenue was up 79.9% compared to the same quarter last year.

Shares of Rose Rock Midstream (NASDAQ:RRMS) traded up 0.11% on Thursday, hitting $54.50. 60,845 shares of the company’s stock traded hands. Rose Rock Midstream has a 52-week low of $31.49 and a 52-week high of $58.43. The stock has a 50-day moving average of $55.02 and a 200-day moving average of $44.61. The company has a market cap of $1.446 billion and a P/E ratio of 34.46.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Stockholders of record on Monday, August 4th will be paid a dividend of $0.535 per share. This represents a $2.14 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Thursday, July 31st.

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. On a related note, 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. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Rose Rock Midstream currently has an average rating of “Buy” and a consensus target price of $51.79.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.