Rattler Midstream LP to Issue Dividend of $0.34 (NASDAQ:RTLR)

Rattler Midstream LP (NASDAQ:RTLR) declared a dividend on Wednesday, November 6th, Fidelity reports. Investors of record on Friday, November 15th will be paid a dividend of 0.34 per share on Friday, November 22nd. The ex-dividend date of this dividend is Thursday, November 14th.

Shares of NASDAQ RTLR opened at $14.85 on Friday. The company has a fifty day moving average price of $16.37. Rattler Midstream has a one year low of $14.55 and a one year high of $20.24.

Rattler Midstream (NASDAQ:RTLR) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business had revenue of $115.42 million during the quarter, compared to analysts’ expectations of $107.17 million. Research analysts predict that Rattler Midstream will post 1.1 EPS for the current fiscal year.

Several research analysts have issued reports on the company. Zacks Investment Research upgraded Rattler Midstream from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Wednesday, October 23rd. Barclays set a $19.00 price objective on Rattler Midstream and gave the stock a “hold” rating in a research note on Tuesday, October 15th. Finally, Bank of America increased their price objective on Rattler Midstream from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Rattler Midstream presently has a consensus rating of “Buy” and an average price target of $22.14.

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