Somewhat Positive Media Coverage Somewhat Unlikely to Affect Rice Midstream Partners (RMP) Stock Price
News stories about Rice Midstream Partners (NYSE:RMP) have been trending somewhat positive on Thursday, according to Accern. Accern scores the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rice Midstream Partners earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 45.8366048842304 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
A number of research firms recently weighed in on RMP. Zacks Investment Research lowered shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, September 19th. Goldman Sachs Group, Inc. (The) lowered shares of Rice Midstream Partners from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $27.00 to $23.00 in a research note on Friday, September 8th. Canaccord Genuity reiterated a “buy” rating on shares of Rice Midstream Partners in a research note on Monday, September 4th. AltaCorp Capital reiterated a “hold” rating on shares of Rice Midstream Partners in a research note on Monday, September 4th. Finally, ValuEngine lowered 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, fourteen have given a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.44.
Rice Midstream Partners (RMP) traded up 1.13% during mid-day trading on Thursday, hitting $21.53. 157,104 shares of the stock were exchanged. Rice Midstream Partners has a 52 week low of $16.87 and a 52 week high of $26.42. The stock has a market capitalization of $2.20 billion, a PE ratio of 15.24 and a beta of 1.30. The company has a 50-day moving average of $20.70 and a 200-day moving average of $22.43.
Rice Midstream Partners (NYSE:RMP) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The company 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%. Rice Midstream Partners’s quarterly revenue was up 55.5% on a year-over-year basis. During the same period last year, the company posted $0.38 earnings per share. On average, equities analysts predict that Rice Midstream Partners will post $1.43 EPS for the current fiscal year.
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.
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