Rice Midstream Partners LP (NYSE:RMP) received a $23.00 price target from stock analysts at Scotiabank in a report issued on Saturday. The brokerage currently has a “hold” rating on the oil and gas producer’s stock. Scotiabank’s target price would indicate a potential upside of 9.94% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Rice Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. BMO Capital Markets set a $20.00 price target on shares of Rice Midstream Partners and gave the stock a “buy” rating in a research report on Thursday, August 10th. AltaCorp Capital reiterated a “hold” rating on shares of Rice Midstream Partners in a research report on Monday, September 4th. Canaccord Genuity reiterated a “buy” rating on shares of Rice Midstream Partners in a research report on Monday, September 4th. Finally, ValuEngine cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $21.75.

Shares of Rice Midstream Partners (NYSE RMP) opened at $20.92 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95. Rice Midstream Partners has a 1 year low of $16.87 and a 1 year high of $26.42. The company has a market cap of $1,538.65, a PE ratio of 12.16, a price-to-earnings-growth ratio of 0.89 and a beta of 1.28.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.37 by $0.11. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%. The firm had revenue of $81.70 million for the quarter, compared to analysts’ expectations of $65.25 million. During the same period in the previous year, the business earned $0.30 earnings per share. Rice Midstream Partners’s revenue for the quarter was up 98.8% compared to the same quarter last year. equities analysts anticipate that Rice Midstream Partners will post 1.56 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Tortoise Capital Advisors L.L.C. raised its holdings in Rice Midstream Partners by 10.7% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock worth $163,203,000 after buying an additional 788,842 shares during the period. Goldman Sachs Group Inc. raised its holdings in Rice Midstream Partners by 25.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock worth $149,573,000 after buying an additional 1,541,392 shares during the period. Alps Advisors Inc. raised its holdings in Rice Midstream Partners by 11.3% during the 3rd quarter. Alps Advisors Inc. now owns 5,973,792 shares of the oil and gas producer’s stock worth $125,091,000 after buying an additional 607,938 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Rice Midstream Partners by 15.7% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,425,979 shares of the oil and gas producer’s stock worth $50,800,000 after buying an additional 328,760 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Rice Midstream Partners by 93.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,324,660 shares of the oil and gas producer’s stock worth $48,283,000 after buying an additional 1,124,064 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

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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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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