Rose Rock Midstream Sets New 52-Week High at $58.55 (RRMS)
Rose Rock Midstream (NASDAQ:RRMS) hit a new 52-week high on Thursday , American Banking and Market News reports. The company traded as high as $58.55 and last traded at $58.49, with a volume of 20,173 shares trading hands. The stock had previously closed at $57.69.
A number of analysts have recently weighed in on RRMS shares. Analysts at Barclays reiterated an “overweight” rating on shares of Rose Rock Midstream in a research note on Monday, August 11th. They now have a $63.00 price target on the stock, up previously from $62.00. Separately, 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Rose Rock Midstream presently has a consensus rating of “Buy” and an average target price of $51.93.
The stock’s 50-day moving average is $55.88 and its 200-day moving average is $46.57. The company has a market cap of $1.705 billion and a P/E ratio of 37.27.
Rose Rock Midstream (NASDAQ:RRMS) last issued its quarterly earnings data 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. On average, analysts predict that Rose Rock Midstream will post $1.94 earnings per share for the current fiscal year.
Rose Rock Midstream, L.P. owns, operates, develops and acquires a diversified portfolio of midstream energy assets.
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