Rice Midstream Partners LP (NYSE:RMP) received a $20.00 price objective from equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Thursday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. BMO Capital Markets’ target price points to a potential upside of 1.63% from the stock’s current price.

RMP has been the subject of a number of other reports. 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. Scotiabank set a $22.00 price objective on shares of Rice Midstream Partners and gave the stock a “hold” rating in a research report on Saturday, July 22nd. BidaskClub cut shares of Rice Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th. Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective (down from $25.00) on shares of Rice Midstream Partners in a research report on Tuesday, June 20th. Finally, Johnson Rice cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company’s stock. Rice Midstream Partners has a consensus rating of “Hold” and a consensus target price of $23.78.

Shares of Rice Midstream Partners (NYSE RMP) traded down 1.80% during mid-day trading on Thursday, hitting $19.68. 353,590 shares of the stock were exchanged. The company has a market cap of $2.01 billion, a P/E ratio of 13.93 and a beta of 1.31. 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 $20.22 and its 200-day moving average price is $23.54.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. The company had revenue of $72.38 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 55.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 earnings per share. Equities research analysts anticipate that Rice Midstream Partners will post $1.41 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in RMP. UBS Group AG raised its stake in Rice Midstream Partners by 379.5% in the first quarter. UBS Group AG now owns 1,643,365 shares of the oil and gas producer’s stock worth $41,446,000 after buying an additional 1,300,621 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in Rice Midstream Partners by 94.7% in the first quarter. Brookfield Asset Management Inc. now owns 2,098,371 shares of the oil and gas producer’s stock worth $52,921,000 after buying an additional 1,020,490 shares during the last quarter. Tortoise Capital Advisors L.L.C. raised its stake in Rice Midstream Partners by 10.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock worth $163,203,000 after buying an additional 788,842 shares during the last quarter. Clearbridge Investments LLC raised its stake in Rice Midstream Partners by 55.4% in the first quarter. Clearbridge Investments LLC now owns 1,951,816 shares of the oil and gas producer’s stock worth $49,225,000 after buying an additional 695,930 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in Rice Midstream Partners by 338.8% in the second quarter. Bank of Montreal Can now owns 783,300 shares of the oil and gas producer’s stock worth $15,619,000 after buying an additional 604,781 shares during the last quarter.

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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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