Zacks Investment Research downgraded shares of Rose Rock Midstream LP (NYSE:RRMS) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “Rose Rock Midstream, L.P. owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The Company is engaged in the business of crude oil gathering, transportation, storage and marketing in Colorado, Kansas, Montana, North Dakota, Oklahoma and Texas. Rose Rock Midstream, L.P. is based in Tulsa, Oklahoma. “

Analyst Recommendations for Rose Rock Midstream (NYSE:RRMS)

Separately, SunTrust Banks Inc. initiated coverage on Rose Rock Midstream in a research report on Tuesday, June 14th. They set a neutral rating and a $29.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $22.44.

Rose Rock Midstream (NYSE:RRMS) opened at 26.91 on Wednesday. The company has a market cap of $991.28 million, a PE ratio of 31.00 and a beta of 2.21. The company has a 50-day moving average of $25.49 and a 200-day moving average of $21.47. Rose Rock Midstream has a 52 week low of $6.67 and a 52 week high of $32.44.

Rose Rock Midstream (NYSE:RRMS) last released its earnings results on Thursday, August 4th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.24. The firm earned $169.14 million during the quarter, compared to analyst estimates of $241.15 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue was down 24.3% on a year-over-year basis. On average, equities analysts expect that Rose Rock Midstream will post $1.13 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Rose Rock Midstream by 3.9% in the first quarter. State Street Corp now owns 12,456 shares of the company’s stock valued at $148,000 after buying an additional 466 shares during the period. Citigroup Inc. raised its position in Rose Rock Midstream by 4.5% in the second quarter. Citigroup Inc. now owns 13,535 shares of the company’s stock valued at $358,000 after buying an additional 580 shares during the period. BlackRock Investment Management LLC raised its position in Rose Rock Midstream by 4.8% in the second quarter. BlackRock Investment Management LLC now owns 29,430 shares of the company’s stock valued at $777,000 after buying an additional 1,350 shares during the period. Barclays PLC raised its position in Rose Rock Midstream by 8.8% in the first quarter. Barclays PLC now owns 26,020 shares of the company’s stock valued at $287,000 after buying an additional 2,109 shares during the period. Finally, Neuberger Berman Group LLC raised its position in Rose Rock Midstream by 16.7% in the second quarter. Neuberger Berman Group LLC now owns 32,316 shares of the company’s stock valued at $853,000 after buying an additional 4,623 shares during the period.

Rose Rock Midstream Company Profile

Rose Rock Midstream, L.P. owns, operates, develops and acquires diversified portfolio of midstream energy assets. The Company is engaged in providing midstream energy related services, such as crude oil gathering, transportation, storage, distribution and marketing in Colorado, Kansas, Minnesota, Montana, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas and Wyoming.

5 Day Chart for NYSE:RRMS

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