Stock Traders Purchase High Volume of Call Options on Rice Midstream Partners (RMP)

Rice Midstream Partners LP (NYSE:RMP) saw some unusual options trading on Monday. Investors purchased 7,000 call options on the company. This represents an increase of approximately 2,711% compared to the average volume of 249 call options.

Rice Midstream Partners (NYSE RMP) traded up $0.06 during mid-day trading on Wednesday, hitting $20.19. The company’s stock had a trading volume of 580,130 shares, compared to its average volume of 567,069. Rice Midstream Partners has a 1 year low of $16.87 and a 1 year high of $26.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a market cap of $1,468.78, a P/E ratio of 11.80, a price-to-earnings-growth ratio of 0.73 and a beta of 1.10.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd will be issued a dividend of $0.2917 per share. This is an increase from Rice Midstream Partners’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 5.78%. Rice Midstream Partners’s dividend payout ratio is 68.02%.

Several hedge funds have recently bought and sold shares of the business. 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 acquiring an additional 792 shares during the period. Wells Fargo & Company MN grew its stake in shares of Rice Midstream Partners by 25.0% in the 2nd quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock worth $343,000 after buying an additional 3,437 shares during the last quarter. Huntington National Bank purchased a new stake in shares of Rice Midstream Partners in the 3rd quarter worth approximately $174,000. Texas Yale Capital Corp. grew its stake in shares of Rice Midstream Partners by 4.6% in the 4th quarter. Texas Yale Capital Corp. now owns 227,246 shares of the oil and gas producer’s stock worth $4,879,000 after buying an additional 10,046 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Rice Midstream Partners by 36.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,215 shares of the oil and gas producer’s stock worth $842,000 after buying an additional 11,215 shares during the last quarter.

A number of brokerages recently issued reports on RMP. Citigroup began coverage on Rice Midstream Partners in a report on Monday, January 22nd. They set a “neutral” rating and a $24.00 price target on the stock. Johnson Rice downgraded Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a report on Monday, January 29th. Tudor Pickering restated a “hold” rating on shares of Rice Midstream Partners in a report on Wednesday, December 13th. ValuEngine downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Canaccord Genuity restated a “buy” rating on shares of Rice Midstream Partners in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $22.00.

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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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