Rice Midstream Partners LP (NYSE:RMP) has been given a $22.00 target price by equities research analysts at Scotiabank in a research note issued on Saturday. The firm currently has a “hold” rating on the oil and gas producer’s stock. Scotiabank’s price target indicates a potential upside of 7.16% from the stock’s previous close.

A number of other analysts have also weighed in on RMP. US Capital Advisors restated a “hold” rating on shares of Rice Midstream Partners in a research note on Monday, July 17th. Wells Fargo & Company upgraded shares of Rice Midstream Partners from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Zacks Investment Research lowered shares of Rice Midstream Partners from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. TheStreet lowered shares of Rice Midstream Partners from a “b-” rating to a “c+” rating in a research note on Friday, July 14th. Finally, ValuEngine upgraded shares of Rice Midstream Partners from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.22.

Rice Midstream Partners (NYSE RMP) traded up 0.59% during midday trading on Friday, hitting $20.53. 608,128 shares of the stock traded hands. The stock has a market capitalization of $2.10 billion, a P/E ratio of 15.06 and a beta of 1.30. Rice Midstream Partners has a 52 week low of $16.87 and a 52 week high of $26.42. The stock’s 50-day moving average price is $21.33 and its 200-day moving average price is $23.90.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Rice Midstream Partners had a net margin of 58.46% and a return on equity of 12.79%. The company had revenue of $62.75 million during the quarter, compared to analysts’ expectations of $56.64 million. Equities research analysts expect that Rice Midstream Partners will post $1.39 EPS for the current fiscal year.

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Hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA purchased a new position in shares of Rice Midstream Partners during the first quarter valued at $116,000. Proficio Capital Partners LLC bought a new position in Rice Midstream Partners during the first quarter valued at approximately $220,000. Ameritas Investment Partners Inc. bought a new position in Rice Midstream Partners during the first quarter valued at approximately $229,000. Oppenheimer Asset Management Inc. bought a new position in Rice Midstream Partners during the first quarter valued at approximately $268,000. Finally, Level Four Advisory Services LLC bought a new position in Rice Midstream Partners during the first quarter valued at approximately $304,000.

Rice Midstream Partners Company Profile

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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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