Tudor Pickering restated their hold rating on shares of Rice Midstream Partners (NYSE:RMP) in a report released on Wednesday morning.

A number of other equities analysts have also recently commented on the stock. Goldman Sachs Group cut shares of Rice Midstream Partners from a buy rating to a neutral rating and dropped their price objective for the stock from $27.00 to $23.00 in a research note on Friday, September 8th. Canaccord Genuity reissued a buy rating on shares of Rice Midstream Partners in a research note on Wednesday, October 25th. AltaCorp Capital reaffirmed a hold rating on shares of Rice Midstream Partners in a research note on Monday, September 4th. Zacks Investment Research cut shares of Rice Midstream Partners from a strong-buy rating to a hold rating in a research note on Wednesday, November 8th. Finally, ValuEngine cut shares of Rice Midstream Partners from a buy rating to a hold rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have issued a buy rating to the company. Rice Midstream Partners currently has an average rating of Hold and a consensus price target of $21.75.

Shares of Rice Midstream Partners (RMP) traded down $0.53 during trading hours on Wednesday, hitting $21.24. 599,900 shares of the company’s stock were exchanged, compared to its average volume of 476,705. Rice Midstream Partners has a 1-year low of $16.87 and a 1-year high of $26.42. The stock has a market cap of $1,601.17, a PE ratio of 12.66, a P/E/G ratio of 0.92 and a beta of 1.26. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.18.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $81.70 million during the quarter, compared to analysts’ expectations of $65.25 million. During the same period last year, the company posted $0.30 EPS. The business’s revenue was up 98.8% on a year-over-year basis. equities research analysts forecast that Rice Midstream Partners will post 1.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Stockholders of record on Tuesday, November 7th were issued a $0.2814 dividend. The ex-dividend date was Monday, November 6th. This represents a $1.13 annualized dividend and a dividend yield of 5.30%. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.27. Rice Midstream Partners’s payout ratio is currently 65.70%.

Large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. raised its holdings in shares of Rice Midstream Partners by 53.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 72,206 shares of the oil and gas producer’s stock valued at $1,440,000 after purchasing an additional 25,295 shares in the last quarter. Atlantic Trust Group LLC raised its holdings in shares of Rice Midstream Partners by 34.2% in the 2nd quarter. Atlantic Trust Group LLC now owns 1,613,471 shares of the oil and gas producer’s stock valued at $32,173,000 after purchasing an additional 410,851 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of 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 valued at $41,819,000 after purchasing an additional 468,864 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Rice Midstream Partners in the 3rd quarter valued at about $419,000. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of Rice Midstream Partners by 79.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,004 shares of the oil and gas producer’s stock valued at $379,000 after purchasing an additional 8,385 shares in the last quarter.

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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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