Rice Midstream Partners LP (RMP) Lowered to Hold at Johnson Rice

Johnson Rice downgraded shares of Rice Midstream Partners LP (NYSE:RMP) from a buy rating to a hold rating in a research report sent to investors on Monday morning, Marketbeat reports.

A number of other equities analysts have also recently commented on RMP. Zacks Investment Research raised Rice Midstream Partners from a hold rating to a buy rating and set a $29.00 target price on the stock in a report on Wednesday, May 3rd. Scotiabank reaffirmed a buy rating and issued a $28.00 target price on shares of Rice Midstream Partners in a report on Monday, April 3rd. TheStreet raised Rice Midstream Partners from a c+ rating to a b rating in a report on Friday, April 21st. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $25.00 target price (up from $23.00) on shares of Rice Midstream Partners in a report on Monday, February 27th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $26.71.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

Shares of Rice Midstream Partners (NYSE:RMP) opened at 17.7999 on Monday. Rice Midstream Partners has a 52 week low of $16.87 and a 52 week high of $26.42. The firm has a 50 day moving average price of $24.78 and a 200 day moving average price of $24.41. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 13.0594 and a beta of 1.29.

Rice Midstream Partners (NYSE:RMP) last released its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $62.75 million for the quarter, compared to analysts’ expectations of $56.64 million. Rice Midstream Partners had a return on equity of 12.79% and a net margin of 58.46%. Equities analysts forecast that Rice Midstream Partners will post $1.48 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Rice Midstream Partners LP (RMP) Lowered to Hold at Johnson Rice” was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2655137/rice-midstream-partners-lp-rmp-lowered-to-hold-at-johnson-rice.html.

A number of institutional investors have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new position in shares of Rice Midstream Partners during the fourth quarter worth approximately $3,559,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Rice Midstream Partners during the fourth quarter worth about $653,000. First Republic Investment Management Inc. raised its stake in shares of Rice Midstream Partners by 30.6% in the fourth quarter. First Republic Investment Management Inc. now owns 36,274 shares of the oil and gas producer’s stock worth $891,000 after buying an additional 8,499 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Rice Midstream Partners by 14.0% in the fourth quarter. Guggenheim Capital LLC now owns 90,611 shares of the oil and gas producer’s stock worth $2,227,000 after buying an additional 11,099 shares during the last quarter. Finally, Brookfield Asset Management Inc. raised its stake in shares of Rice Midstream Partners by 3.9% in the fourth quarter. Brookfield Asset Management Inc. now owns 1,077,881 shares of the oil and gas producer’s stock worth $26,494,000 after buying an additional 40,551 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RMP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Receive News & Ratings for Rice Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
President Trump Hurting Tourism in the U.S.
President Trump Hurting Tourism in the U.S.
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.