Shares of Rice Midstream Partners LP (NYSE:RMP) have received a consensus recommendation of “Hold” from the nineteen analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.17.

Several equities research analysts have recently weighed in on the stock. BMO Capital Markets set a $20.00 target price on shares of Rice Midstream Partners and gave the stock a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. TheStreet lowered shares of Rice Midstream Partners from a “b-” rating to a “c+” rating in a report on Friday, July 14th. Scotiabank restated a “hold” rating on shares of Rice Midstream Partners in a research report on Tuesday, October 10th. Finally, BidaskClub downgraded shares of Rice Midstream Partners from a “sell” rating to a “strong sell” rating in a research report on Friday, July 28th.

Rice Midstream Partners (NYSE RMP) opened at 20.42 on Wednesday. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 14.45 and a beta of 1.30. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.42. The firm’s 50-day moving average is $21.12 and its 200 day moving average is $22.01.

Rice Midstream Partners (NYSE:RMP) last released its 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 firm 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 business’s quarterly revenue was up 55.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Analysts forecast that Rice Midstream Partners will post $1.43 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Tuesday, November 7th will be issued a dividend of $0.2814 per share. The ex-dividend date is Monday, November 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 5.51%. This is an increase from Rice Midstream Partners’s previous quarterly dividend of $0.27. Rice Midstream Partners’s dividend payout ratio (DPR) is currently 70.13%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Rice Midstream Partners by 10.7% during 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 in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Rice Midstream Partners by 25.9% during the second quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock worth $149,573,000 after buying an additional 1,541,392 shares in the last quarter. Alps Advisors Inc. lifted its holdings in shares of Rice Midstream Partners by 4.0% during the second quarter. Alps Advisors Inc. now owns 5,365,854 shares of the oil and gas producer’s stock worth $106,995,000 after buying an additional 204,375 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Rice Midstream Partners by 28.8% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,097,219 shares of the oil and gas producer’s stock worth $41,819,000 after buying an additional 468,864 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its holdings in shares of Rice Midstream Partners by 55.4% during 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 in the last quarter.

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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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