Rice Midstream Partners LP (RMP) Set to Announce Quarterly Earnings on Thursday
Rice Midstream Partners LP (NYSE:RMP) will be announcing its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.37 per share for the quarter.
Rice Midstream Partners (NYSE:RMP) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.09. Rice Midstream Partners had a net margin of 58.22% and a return on equity of 12.71%. The firm had revenue of $72.38 million for the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 55.5% compared to the same quarter last year. On average, analysts expect Rice Midstream Partners to post $1.43 EPS for the current fiscal year and $1.47 EPS for the next fiscal year.
Shares of Rice Midstream Partners LP (NYSE:RMP) opened at 20.04 on Thursday. The company has a 50-day moving average of $21.10 and a 200-day moving average of $21.99. The firm has a market cap of $2.05 billion, a PE ratio of 14.18 and a beta of 1.30. Rice Midstream Partners LP has a 1-year low of $16.87 and a 1-year high of $26.42.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 16th. Shareholders of record on Tuesday, November 7th will be given a $0.2814 dividend. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, November 6th. This represents a $1.13 annualized dividend and a yield of 5.62%. Rice Midstream Partners’s dividend payout ratio is presently 70.13%.
RMP has been the subject of several research analyst reports. BidaskClub upgraded Rice Midstream Partners from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. ValuEngine upgraded Rice Midstream Partners from a “hold” rating to a “buy” rating in a research report on Thursday, July 6th. Zacks Investment Research cut Rice Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Wells Fargo & Company upgraded Rice Midstream Partners from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, TheStreet cut Rice Midstream Partners from a “b-” rating to a “c+” rating in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $21.63.
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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