Rose Rock Midstream Stock Rating Reaffirmed by Barclays (RRMS)
Rose Rock Midstream (NASDAQ:RRMS)‘s stock had its “overweight” rating restated by stock analysts at Barclays in a report issued on Monday. They currently have a $63.00 target price on the stock, up from their previous target price of $62.00. Barclays’ price objective suggests a potential upside of 15.98% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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 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. Finally, analysts at Robert W. Baird downgraded shares of Rose Rock Midstream from an “outperform” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $49.00 price target on the stock. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $51.93.
Shares of Rose Rock Midstream (NASDAQ:RRMS) traded up 1.66% on Monday, hitting $55.22. 50,440 shares of the company’s stock traded hands. 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 $55.16 and its 200-day moving average is $44.6. The company has a market cap of $1.465 billion and a price-to-earnings ratio of 34.38.
Rose Rock Midstream (NASDAQ:RRMS) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.39 by $0.02. The company had revenue of $290.40 million for the quarter, compared to the consensus estimate of $195.89 million. The company’s quarterly revenue was up 79.9% on a year-over-year basis. Analysts expect that Rose Rock Midstream will post $1.85 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, August 14th. Investors 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 3.94%. The ex-dividend date 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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