Rose Rock Midstream LP (NYSE:RRMS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “Rose Rock Midstream, L.P. owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The Company is engaged in the business of crude oil gathering, transportation, storage and marketing in Colorado, Kansas, Montana, North Dakota, Oklahoma and Texas. Rose Rock Midstream, L.P. is based in Tulsa, Oklahoma. “

Separately, SunTrust Banks Inc. began coverage on shares of Rose Rock Midstream in a research note on Tuesday, June 14th. They set a “neutral” rating and a $29.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Rose Rock Midstream presently has a consensus rating of “Hold” and a consensus price target of $22.44.

Analyst Recommendations for Rose Rock Midstream (NYSE:RRMS)

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Rose Rock Midstream (NYSE:RRMS) traded up 2.13% on Wednesday, hitting $26.91. 143,781 shares of the stock were exchanged. The company has a 50-day moving average of $25.49 and a 200-day moving average of $21.47. The stock has a market cap of $991.28 million, a price-to-earnings ratio of 31.00 and a beta of 2.21. Rose Rock Midstream has a 12 month low of $6.67 and a 12 month high of $32.44.

Rose Rock Midstream (NYSE:RRMS) last announced its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by $0.24. The firm had revenue of $169.14 million for the quarter, compared to analysts’ expectations of $241.15 million. The company’s quarterly revenue was down 24.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 earnings per share. On average, equities analysts predict that Rose Rock Midstream will post $1.13 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Iridian Asset Management LLC CT boosted its position in Rose Rock Midstream by 25.5% in the second quarter. Iridian Asset Management LLC CT now owns 68,279 shares of the company’s stock valued at $1,802,000 after buying an additional 13,895 shares during the last quarter. Kellner Capital LLC bought a new position in Rose Rock Midstream during the second quarter valued at $1,454,000. Neuberger Berman Group LLC boosted its position in Rose Rock Midstream by 16.7% in the second quarter. Neuberger Berman Group LLC now owns 32,316 shares of the company’s stock valued at $853,000 after buying an additional 4,623 shares during the last quarter. OTA Financial Group L.P. bought a new position in Rose Rock Midstream during the second quarter valued at $399,000. Finally, Kayne Anderson Capital Advisors LP boosted its position in Rose Rock Midstream by 53.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 661,630 shares of the company’s stock valued at $17,457,000 after buying an additional 231,610 shares during the last quarter.

About Rose Rock Midstream

Rose Rock Midstream, L.P. owns, operates, develops and acquires diversified portfolio of midstream energy assets. The Company is engaged in providing midstream energy related services, such as crude oil gathering, transportation, storage, distribution and marketing in Colorado, Kansas, Minnesota, Montana, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas and Wyoming.

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