Rice Midstream Partners LP (NYSE:RMP) has earned an average rating of “Hold” from the twenty ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $21.43.

RMP has been the subject of several analyst reports. ValuEngine downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Scotiabank set a $23.00 price objective on Rice Midstream Partners and gave the company a “hold” rating in a research note on Saturday, November 25th. Goldman Sachs Group downgraded Rice Midstream Partners from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $27.00 to $23.00 in a research note on Friday, September 8th. Zacks Investment Research cut Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, AltaCorp Capital reiterated a “hold” rating on shares of Rice Midstream Partners in a research report on Monday, September 4th.

Shares of Rice Midstream Partners (NYSE:RMP) opened at $21.24 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $1,598.23, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 0.91 and a beta of 1.26. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.42.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The firm had revenue of $81.70 million during the quarter, compared to the consensus estimate of $65.25 million. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. The firm’s revenue was up 98.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.30 EPS. equities research analysts predict that Rice Midstream Partners will post 1.59 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Tuesday, November 7th were issued a $0.2814 dividend. The ex-dividend date of this dividend was Monday, November 6th. This represents a $1.13 dividend on an annualized basis and a dividend yield of 5.30%. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.27. Rice Midstream Partners’s dividend payout ratio is currently 65.70%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its holdings in shares of Rice Midstream Partners by 25.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock worth $149,573,000 after acquiring an additional 1,541,392 shares during the period. Alps Advisors Inc. grew its holdings in shares of Rice Midstream Partners by 11.3% in the 3rd quarter. Alps Advisors Inc. now owns 5,973,792 shares of the oil and gas producer’s stock worth $125,091,000 after acquiring an additional 607,938 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Rice Midstream Partners by 15.7% in the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,425,979 shares of the oil and gas producer’s stock worth $50,800,000 after acquiring an additional 328,760 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Rice Midstream Partners by 93.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,324,660 shares of the oil and gas producer’s stock worth $48,283,000 after acquiring an additional 1,124,064 shares during the period. Finally, Atlantic Trust Group LLC grew its holdings in shares of Rice Midstream Partners by 34.2% in the 2nd quarter. Atlantic Trust Group LLC now owns 1,613,471 shares of the oil and gas producer’s stock worth $32,173,000 after acquiring an additional 410,851 shares during the period.

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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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