Rice Midstream Partners LP (NYSE:RMP) – US Capital Advisors upped their FY2017 earnings per share estimates for shares of Rice Midstream Partners in a research report issued to clients and investors on Thursday. US Capital Advisors analyst B. Followill now forecasts that the oil and gas producer will post earnings per share of $1.65 for the year, up from their previous estimate of $1.48. US Capital Advisors also issued estimates for Rice Midstream Partners’ Q4 2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.36 EPS, Q2 2018 earnings at $0.38 EPS, Q3 2018 earnings at $0.40 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.54 EPS.

Several other research analysts also recently commented on RMP. 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 raised Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Saturday, September 16th. Scotiabank reaffirmed a “hold” rating on shares of Rice Midstream Partners in a research note on Tuesday, October 10th. BMO Capital Markets set a $20.00 target price on Rice Midstream Partners and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Rice Midstream Partners in a research note on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Rice Midstream Partners presently has a consensus rating of “Hold” and an average target price of $21.75.

Rice Midstream Partners (NYSE RMP) opened at $21.77 on Friday. Rice Midstream Partners has a 52 week low of $16.87 and a 52 week high of $26.42. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1,620.30, a price-to-earnings ratio of 12.66, a P/E/G ratio of 0.82 and a beta of 1.26.

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. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. The firm had revenue of $81.70 million during the quarter, compared to the consensus estimate of $65.25 million. During the same period in the prior year, the company earned $0.30 EPS. The firm’s revenue was up 98.8% compared to the same quarter last year.

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp grew its holdings in shares of Rice Midstream Partners by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 263,078 shares of the oil and gas producer’s stock worth $5,246,000 after purchasing an additional 1,778 shares during the period. Neuberger Berman Group LLC purchased a new position in shares of Rice Midstream Partners during the 2nd quarter worth $4,232,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Rice Midstream Partners by 79.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,004 shares of the oil and gas producer’s stock worth $379,000 after purchasing an additional 8,385 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Rice Midstream Partners by 25.0% during the 2nd quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock worth $343,000 after purchasing an additional 3,437 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in shares of Rice Midstream Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 14,143 shares of the oil and gas producer’s stock worth $282,000 after purchasing an additional 792 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.

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