Equities analysts expect Rice Midstream Partners LP (NYSE:RMP) to post $66.79 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Rice Midstream Partners’ earnings, with the highest sales estimate coming in at $67.80 million and the lowest estimate coming in at $65.78 million. Rice Midstream Partners posted sales of $41.07 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 62.6%. The business is scheduled to report its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Rice Midstream Partners will report full year sales of $66.79 million for the current financial year, with estimates ranging from $251.00 million to $263.10 million. For the next financial year, analysts expect that the company will post sales of $313.71 million per share, with estimates ranging from $296.04 million to $323.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Rice Midstream Partners.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The business had revenue of $72.38 million during the quarter, compared to the consensus estimate of $58.20 million. Rice Midstream Partners had a net margin of 58.22% and a return on equity of 12.71%. The firm’s quarterly revenue was up 55.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 EPS.

Several research firms have recently weighed in on RMP. Scotiabank set a $29.00 price target on shares of Rice Midstream Partners and gave the company a “buy” rating in a report on Saturday, April 22nd. Johnson Rice cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Monday, June 19th. US Capital Advisors reiterated a “hold” rating on shares of Rice Midstream Partners in a report on Monday, July 17th. Drexel Hamilton cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Finally, ValuEngine upgraded shares of Rice Midstream Partners from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.22.

Several hedge funds have recently made changes to their positions in RMP. BNP Paribas Arbitrage SA acquired a new stake in shares of Rice Midstream Partners during the first quarter worth approximately $116,000. Proficio Capital Partners LLC acquired a new stake in shares of Rice Midstream Partners during the first quarter worth approximately $220,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Rice Midstream Partners during the first quarter worth approximately $229,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Rice Midstream Partners during the first quarter worth approximately $268,000. Finally, Level Four Advisory Services LLC acquired a new stake in shares of Rice Midstream Partners during the first quarter worth approximately $304,000.

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Shares of Rice Midstream Partners (NYSE RMP) opened at 20.25 on Tuesday. The stock has a market cap of $2.07 billion, a P/E ratio of 14.86 and a beta of 1.31. The firm has a 50-day moving average of $20.43 and a 200-day moving average of $23.74. Rice Midstream Partners has a 52-week low of $16.87 and a 52-week high of $26.42.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Tuesday, August 8th will be given a $0.2711 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.36%. The ex-dividend date of this dividend is Friday, August 4th. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.26. Rice Midstream Partners’s payout ratio is currently 70.13%.

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.

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Earnings History and Estimates for Rice Midstream Partners (NYSE:RMP)

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