Rice Midstream Partners (NYSE:RMP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

According to Zacks, “Rice Midstream Partners LP is a midstream energy company. It owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s revenues come from natural-gas gathering services and compression services. Rice Midstream Partners LP is headquartered in United States. “

Several other analysts have also issued reports on the stock. ValuEngine lowered shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. TheStreet raised shares of Rice Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, December 18th. Tudor Pickering reaffirmed a “hold” rating on shares of Rice Midstream Partners in a research report on Wednesday, December 13th. Scotiabank set a $23.00 price objective on shares of Rice Midstream Partners and gave the company a “hold” rating in a research report on Saturday, November 25th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Rice Midstream Partners in a research report on Wednesday, October 25th. One 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. Rice Midstream Partners has an average rating of “Hold” and an average target price of $21.75.

Rice Midstream Partners (RMP) traded up $0.01 during midday trading on Wednesday, reaching $22.19. 706,600 shares of the company’s stock traded hands, compared to its average volume of 425,410. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95. Rice Midstream Partners has a 1 year low of $16.87 and a 1 year high of $26.42. The company has a market capitalization of $1,631.33, a price-to-earnings ratio of 12.90, a P/E/G ratio of 0.81 and a beta of 1.26.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%. The firm had revenue of $81.70 million for the quarter, compared to analyst estimates of $65.25 million. During the same period in the prior year, the firm posted $0.30 earnings per share. The company’s quarterly revenue was up 98.8% compared to the same quarter last year. sell-side analysts expect that Rice Midstream Partners will post 1.72 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Sanders Morris Harris LLC bought a new position in Rice Midstream Partners during the third quarter worth about $419,000. Goldman Sachs Group Inc. increased its position in 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 acquiring an additional 1,541,392 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Rice Midstream Partners by 15.7% during the third 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. Grisanti Capital Management LLC bought a new position in Rice Midstream Partners during the third quarter worth about $1,334,000. Finally, Atlantic Trust Group LLC increased its position in Rice Midstream Partners by 45.1% during the third quarter. Atlantic Trust Group LLC now owns 2,341,401 shares of the oil and gas producer’s stock worth $49,029,000 after acquiring an additional 727,930 shares during the period.

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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.

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