Rice Midstream Partners LP (NYSE:RMP) has been assigned a consensus rating of “Buy” from the twelve research firms that are presently covering the firm. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.86.

Several equities analysts have recently issued reports on RMP shares. Stifel Nicolaus cut Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Zacks Investment Research upgraded Rice Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Wednesday, September 14th. TheStreet upgraded Rice Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Drexel Hamilton initiated coverage on Rice Midstream Partners in a report on Tuesday, August 16th. They issued a “buy” rating on the stock. Finally, Mitsubishi UFJ Financial Group restated an “overweight” rating on shares of Rice Midstream Partners in a report on Thursday, September 1st.

Shares of Rice Midstream Partners (NYSE:RMP) traded down 1.91% during midday trading on Tuesday, reaching $20.57. The company’s stock had a trading volume of 49,290 shares. Rice Midstream Partners has a 52 week low of $8.40 and a 52 week high of $23.67. The stock has a 50-day moving average price of $21.44 and a 200 day moving average price of $18.25. The stock has a market capitalization of $1.67 billion, a PE ratio of 16.01 and a beta of 1.36.

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Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.12. Rice Midstream Partners had a return on equity of 15.87% and a net margin of 57.23%. The company had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $39.23 million. During the same period last year, the firm earned $0.21 EPS. The firm’s revenue for the quarter was up 63.0% on a year-over-year basis. Equities analysts forecast that Rice Midstream Partners will post ($0.13) earnings per share for the current year.

Several hedge funds have recently modified their holdings of RMP. State Street Corp boosted its stake in Rice Midstream Partners by 3.9% in the first quarter. State Street Corp now owns 26,293 shares of the company’s stock worth $391,000 after buying an additional 983 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in Rice Midstream Partners by 10.4% in the second quarter. BNP Paribas Arbitrage SA now owns 12,128 shares of the company’s stock worth $248,000 after buying an additional 1,144 shares during the last quarter. Usca Ria LLC boosted its stake in Rice Midstream Partners by 11.7% in the second quarter. Usca Ria LLC now owns 28,750 shares of the company’s stock worth $587,000 after buying an additional 3,000 shares during the last quarter. Pointe Capital Management LLC boosted its stake in Rice Midstream Partners by 9.6% in the second quarter. Pointe Capital Management LLC now owns 56,354 shares of the company’s stock worth $1,151,000 after buying an additional 4,926 shares during the last quarter. Finally, Creative Planning purchased a new stake in Rice Midstream Partners during the second quarter worth about $112,000. 94.44% of the stock is owned by institutional investors and hedge funds.

Rice Midstream Partners Company Profile

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company operates in two segments: gathering and compression, and water services. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc (Rice Energy) and third parties in the Appalachian Basin.

5 Day Chart for NYSE:RMP

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