BidaskClub lowered shares of Rice Midstream Partners LP (NYSE:RMP) from a sell rating to a strong sell rating in a report released on Friday.

Other research analysts have also issued research reports about the stock. Scotiabank set a $29.00 target price on shares of Rice Midstream Partners and gave the stock a buy rating in a research note on Saturday, April 22nd. Drexel Hamilton lowered shares of Rice Midstream Partners from a buy rating to a hold rating in a research note on Monday, June 19th. Mitsubishi UFJ Financial Group lowered shares of Rice Midstream Partners from an overweight rating to a neutral rating and set a $23.00 target price for the company. in a research note on Wednesday, June 21st. Wells Fargo & Company lowered shares of Rice Midstream Partners from an outperform rating to a market perform rating in a research note on Monday, June 19th. Finally, TheStreet raised shares of Rice Midstream Partners from a c+ rating to a b rating in a research note on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $24.22.

Shares of Rice Midstream Partners (NYSE RMP) traded down 0.77% during midday trading on Friday, reaching $20.70. 39,659 shares of the company were exchanged. Rice Midstream Partners has a 52 week low of $16.87 and a 52 week high of $26.42. The firm has a 50-day moving average of $20.55 and a 200 day moving average of $23.76. The firm has a market capitalization of $2.12 billion, a P/E ratio of 15.19 and a beta of 1.31.

Rice Midstream Partners (NYSE:RMP) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.36 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. The company had revenue of $62.75 million during the quarter, compared to analyst estimates of $56.64 million. Rice Midstream Partners had a net margin of 58.46% and a return on equity of 12.79%. On average, equities research analysts expect that Rice Midstream Partners will post $1.39 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 17th. Stockholders of record on Tuesday, August 8th will be paid a $0.2711 dividend. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, August 4th. This represents a $1.08 annualized dividend and a dividend yield of 5.20%. Rice Midstream Partners’s dividend payout ratio (DPR) is presently 69.33%.

Several hedge funds and other institutional investors have recently bought and sold shares of RMP. BNP Paribas Arbitrage SA acquired a new position in Rice Midstream Partners during the first quarter valued at approximately $116,000. Proficio Capital Partners LLC acquired a new position in Rice Midstream Partners during the first quarter valued at approximately $220,000. Ameritas Investment Partners Inc. acquired a new position in Rice Midstream Partners during the first quarter valued at approximately $229,000. Oppenheimer Asset Management Inc. acquired a new position in Rice Midstream Partners during the first quarter valued at approximately $268,000. Finally, Level Four Advisory Services LLC acquired a new position in Rice Midstream Partners during the first quarter valued at approximately $304,000.

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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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