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 to clients and investors 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. assumed 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 target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $22.44.

Analyst Recommendations for Rose Rock Midstream (NYSE:RRMS)

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Shares of Rose Rock Midstream (NYSE:RRMS) opened at 26.35 on Wednesday. Rose Rock Midstream has a 52-week low of $6.67 and a 52-week high of $32.44. The stock’s 50 day moving average is $25.36 and its 200 day moving average is $21.43. The stock has a market capitalization of $970.66 million, a PE ratio of 30.36 and a beta of 2.21.

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

Several large investors have recently added to or reduced their stakes in the company. Cohen & Steers Inc. raised its stake in Rose Rock Midstream by 267.2% in the second quarter. Cohen & Steers Inc. now owns 954,677 shares of the company’s stock valued at $18,263,000 after buying an additional 694,702 shares during the last quarter. Westwood Holdings Group Inc. acquired a new stake in Rose Rock Midstream during the second quarter valued at about $7,992,000. Eagle Global Advisors LLC raised its stake in Rose Rock Midstream by 3.7% in the second quarter. Eagle Global Advisors LLC now owns 1,259,310 shares of the company’s stock valued at $33,233,000 after buying an additional 45,150 shares during the last quarter. Veritable L.P. acquired a new stake in Rose Rock Midstream during the second quarter valued at about $228,000. Finally, Walleye Trading LLC acquired a new stake in Rose Rock Midstream during the second quarter valued at about $154,000.

Rose Rock Midstream Company Profile

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.

5 Day Chart for NYSE:RRMS

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