Scotiabank reiterated their hold rating on shares of Rice Midstream Partners LP (NYSE:RMP) in a research report report published on Tuesday morning.

Several other equities analysts have also issued reports on the company. Mitsubishi UFJ Financial Group lowered Rice Midstream Partners from an overweight rating to a neutral rating and set a $23.00 price target on the stock. in a research report on Wednesday, June 21st. Drexel Hamilton lowered Rice Midstream Partners from a buy rating to a hold rating in a research report on Monday, June 19th. BidaskClub upgraded Rice Midstream Partners from a strong sell rating to a sell rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded Rice Midstream Partners from a sell rating to a hold rating in a research report on Thursday, August 10th. Finally, Howard Weil lowered Rice Midstream Partners from a sector outperform rating to a sector perform rating in a research report on Monday, June 26th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $21.63.

Rice Midstream Partners (NYSE RMP) traded down 0.255% on Tuesday, reaching $21.505. The company’s stock had a trading volume of 15,300 shares. The stock’s 50 day moving average price is $21.01 and its 200 day moving average price is $22.30. Rice Midstream Partners has a 52-week low of $16.87 and a 52-week high of $26.42. The firm has a market cap of $2.20 billion, a PE ratio of 15.219 and a beta of 1.30.

Rice Midstream Partners (NYSE:RMP) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.09. Rice Midstream Partners had a return on equity of 12.71% and a net margin of 58.22%. The firm had revenue of $72.38 million for the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter last year, the firm posted $0.38 EPS. The company’s revenue was up 55.5% compared to the same quarter last year. Equities research analysts expect that Rice Midstream Partners will post $1.43 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in RMP. BNP Paribas Arbitrage SA purchased a new position in shares of Rice Midstream Partners in the 1st quarter valued at approximately $116,000. Proficio Capital Partners LLC purchased a new position in shares of Rice Midstream Partners in the 1st quarter valued at approximately $220,000. Ameritas Investment Partners Inc. purchased a new position in shares of Rice Midstream Partners in the 1st quarter valued at approximately $229,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Rice Midstream Partners in the 1st quarter valued at approximately $268,000. Finally, Alliancebernstein L.P. lifted its stake in shares of Rice Midstream Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 14,143 shares of the oil and gas producer’s stock valued at $282,000 after purchasing an additional 792 shares during the period.

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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