Rice Midstream Partners LP (NYSE:RMP) has been given a $20.00 price target by equities researchers at BMO Capital Markets in a report issued on Thursday. The brokerage presently has a “buy” rating on the oil and gas producer’s stock. BMO Capital Markets’ price target would suggest a potential downside of 0.20% from the stock’s current price.

Several other equities research analysts have also recently issued reports on the stock. SunTrust Banks, Inc. cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $28.00 to $21.00 in a research report on Monday, June 19th. Drexel Hamilton cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Zacks Investment Research raised shares of Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Wednesday, May 3rd. Wells Fargo & Company cut shares of Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a research report on Monday, June 19th. Finally, Mitsubishi UFJ Financial Group Inc reaffirmed a “neutral” rating on shares of Rice Midstream Partners in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $23.78.

Shares of Rice Midstream Partners (NYSE:RMP) opened at 20.04 on Thursday. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 14.18 and a beta of 1.31. Rice Midstream Partners has a 12-month low of $16.87 and a 12-month high of $26.42. The firm’s 50-day moving average price is $20.17 and its 200-day moving average price is $23.57.

Rice Midstream Partners (NYSE:RMP) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The business had revenue of $72.38 million during the quarter, compared to analysts’ expectations of $58.20 million. Rice Midstream Partners had a net margin of 58.22% and a return on equity of 12.71%. The company’s revenue for the quarter was up 55.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.38 EPS. On average, analysts forecast that Rice Midstream Partners will post $1.40 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kayne Anderson Capital Advisors LP raised its position in shares of Rice Midstream Partners by 13.0% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,514,632 shares of the oil and gas producer’s stock worth $38,194,000 after buying an additional 174,200 shares during the period. Texas Yale Capital Corp. raised its position in shares of Rice Midstream Partners by 9.8% in the first quarter. Texas Yale Capital Corp. now owns 147,750 shares of the oil and gas producer’s stock worth $3,726,000 after buying an additional 13,225 shares during the period. BNP Paribas Arbitrage SA purchased a new position in shares of Rice Midstream Partners during the first quarter worth about $116,000. Advisors Asset Management Inc. raised its position in shares of Rice Midstream Partners by 365.2% in the first quarter. Advisors Asset Management Inc. now owns 46,911 shares of the oil and gas producer’s stock worth $1,183,000 after buying an additional 36,827 shares during the period. Finally, First Trust Advisors LP purchased a new position in shares of Rice Midstream Partners during the first quarter worth about $846,000.

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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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