Rice Midstream Partners LP (NYSE:RMP)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity in a report released on Wednesday.

Other analysts have also recently issued research reports about the company. BMO Capital Markets set a $20.00 price objective on Rice Midstream Partners and gave the stock a “buy” rating in a report on Thursday, August 10th. ValuEngine raised Rice Midstream Partners from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Zacks Investment Research raised Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Saturday, September 16th. TheStreet cut Rice Midstream Partners from a “b-” rating to a “c+” rating in a report on Friday, July 14th. Finally, AltaCorp Capital reissued a “hold” rating on shares of Rice Midstream Partners in a report on Monday, September 4th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. Rice Midstream Partners currently has an average rating of “Hold” and an average price target of $21.63.

Shares of Rice Midstream Partners (RMP) traded up 0.225% on Wednesday, hitting $20.085. The company had a trading volume of 923,324 shares. The company has a 50 day moving average price of $21.10 and a 200 day moving average price of $21.99. Rice Midstream Partners has a 1-year low of $16.87 and a 1-year high of $26.42. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 14.214 and a beta of 1.30.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. The business had revenue of $72.38 million for the quarter, compared to analysts’ expectations of $58.20 million. Rice Midstream Partners had a return on equity of 12.71% and a net margin of 58.22%. The firm’s quarterly revenue was up 55.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 EPS. On average, equities analysts forecast that Rice Midstream Partners will post $1.43 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in RMP. Goldman Sachs Group Inc. increased its stake in Rice Midstream Partners by 25.9% in 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 acquiring an additional 1,541,392 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in Rice Midstream Partners by 10.7% in 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 acquiring an additional 788,842 shares during the last quarter. Clearbridge Investments LLC increased its stake in Rice Midstream Partners by 55.4% in the 1st quarter. Clearbridge Investments LLC now owns 1,951,816 shares of the oil and gas producer’s stock worth $49,225,000 after acquiring an additional 695,930 shares during the last quarter. Bank of Montreal Can increased its stake in Rice Midstream Partners by 338.8% in the 2nd quarter. Bank of Montreal Can now owns 783,300 shares of the oil and gas producer’s stock worth $15,619,000 after acquiring an additional 604,781 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Rice Midstream Partners by 28.8% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,097,219 shares of the oil and gas producer’s stock worth $41,819,000 after acquiring an additional 468,864 shares during the last quarter.

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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