Rice Midstream Partners LP (NYSE:RMP) was downgraded by Wells Fargo & Company from an “outperform” rating to a “market perform” rating in a research note issued on Monday, The Fly reports.

Several other equities analysts have also recently commented on the stock. SunTrust Banks, Inc. cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday. Johnson Rice cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday. Zacks Investment Research cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, May 10th. TheStreet raised shares of Rice Midstream Partners from a “c+” rating to a “b” rating in a research report on Friday, April 21st. Finally, Scotiabank set a $29.00 target price on shares of Rice Midstream Partners and gave the stock a “buy” rating in a research report on Saturday, April 22nd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $27.67.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

Shares of Rice Midstream Partners (NYSE:RMP) traded down 24.43% during trading on Monday, reaching $18.41. The company’s stock had a trading volume of 2,762,041 shares. The stock’s 50 day moving average price is $24.99 and its 200-day moving average price is $24.39. The firm has a market cap of $1.88 billion, a PE ratio of 13.51 and a beta of 1.29. Rice Midstream Partners has a 12 month low of $18.05 and a 12 month high of $26.42.

Rice Midstream Partners (NYSE:RMP) last posted its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.36 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Rice Midstream Partners had a net margin of 58.46% and a return on equity of 12.79%. The firm had revenue of $62.75 million for the quarter, compared to analysts’ expectations of $56.64 million. Equities analysts predict that Rice Midstream Partners will post $1.49 EPS for the current year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Rice Midstream Partners during the first quarter worth $358,000. Russell Investments Group Ltd. raised its position in Rice Midstream Partners by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 156,024 shares of the oil and gas producer’s stock worth $3,933,000 after buying an additional 8,642 shares in the last quarter. NBW Capital LLC acquired a new position in Rice Midstream Partners during the first quarter worth $456,000. Hollencrest Securities LLC acquired a new position in Rice Midstream Partners during the first quarter worth $396,000. Finally, Telemus Capital LLC acquired a new position in Rice Midstream Partners during the first quarter worth $404,000.

About Rice Midstream Partners

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s segments are 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.

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