US Capital Advisors Comments on Rice Midstream Partners LP’s FY2019 Earnings (RMP)
Rice Midstream Partners LP (NYSE:RMP) – Equities research analysts at US Capital Advisors issued their FY2019 earnings estimates for Rice Midstream Partners in a research report issued to clients and investors on Thursday. US Capital Advisors analyst B. Followill expects that the oil and gas producer will earn $1.84 per share for the year.
RMP has been the subject of several other reports. Zacks Investment Research raised Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Saturday, September 16th. Tudor Pickering reaffirmed a “hold” rating on shares of Rice Midstream Partners in a research report on Wednesday, December 13th. ValuEngine cut Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Canaccord Genuity reaffirmed a “buy” rating on shares of Rice Midstream Partners in a research report on Wednesday, October 25th. Finally, TheStreet raised Rice Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, December 18th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have assigned a buy rating to the company. Rice Midstream Partners currently has a consensus rating of “Hold” and an average target price of $21.75.
Shares of Rice Midstream Partners (NYSE:RMP) traded down $0.11 during midday trading on Monday, reaching $21.67. The company’s stock had a trading volume of 343,908 shares, compared to its average volume of 369,229. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. Rice Midstream Partners has a 12 month low of $16.87 and a 12 month high of $26.42. The stock has a market cap of $2,230.00, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 0.78 and a beta of 1.26.
Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. The company had revenue of $81.70 million for the quarter, compared to the consensus estimate of $65.25 million. During the same quarter in the prior year, the business earned $0.30 EPS. Rice Midstream Partners’s revenue was up 98.8% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of RMP. Huntington National Bank acquired a new stake in Rice Midstream Partners during the 3rd quarter worth approximately $174,000. Alliancebernstein L.P. raised its stake in shares of Rice Midstream Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 14,143 shares of the oil and gas producer’s stock worth $282,000 after buying an additional 792 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Rice Midstream Partners by 25.0% during the 2nd quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock worth $343,000 after buying an additional 3,437 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Rice Midstream Partners by 79.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,004 shares of the oil and gas producer’s stock worth $379,000 after buying an additional 8,385 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Rice Midstream Partners during the 3rd quarter worth approximately $384,000.
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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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