Other research analysts have also issued reports about the stock. TheStreet raised shares of Rice Midstream Partners from a c rating to a b rating in a research report on Monday, December 18th. Tudor Pickering reissued a hold rating on shares of Rice Midstream Partners in a research report on Wednesday, December 13th. Scotiabank set a $23.00 price objective on shares of Rice Midstream Partners and gave the stock a hold rating in a research report on Saturday, November 25th. Zacks Investment Research lowered shares of Rice Midstream Partners from a strong-buy rating to a hold rating in a research report on Wednesday, November 8th. Finally, ValuEngine lowered shares of Rice Midstream Partners from a buy rating to a hold rating in a research report on Sunday, December 31st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and two have issued a buy rating to the stock. Rice Midstream Partners currently has an average rating of Hold and a consensus target price of $22.00.
Rice Midstream Partners (NYSE RMP) opened at $20.01 on Friday. The company has a current ratio of 2.44, a quick ratio of 2.44 and a debt-to-equity ratio of 0.11. Rice Midstream Partners has a 12-month low of $16.87 and a 12-month high of $26.42. The firm has a market cap of $1,471.72, a PE ratio of 11.63, a P/E/G ratio of 0.73 and a beta of 1.10.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Friday, February 2nd were given a $0.2917 dividend. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.17 annualized dividend and a yield of 5.83%. Rice Midstream Partners’s payout ratio is currently 68.02%.
Hedge funds have recently made changes to their positions in the business. Huntington National Bank bought a new stake in Rice Midstream Partners in the third quarter worth about $174,000. Ferris Capital LLC purchased a new position in shares of Rice Midstream Partners in the fourth quarter worth about $293,000. Alliancebernstein L.P. increased its stake in shares of Rice Midstream Partners by 5.9% in the second quarter. Alliancebernstein L.P. now owns 14,143 shares of the oil and gas producer’s stock worth $282,000 after purchasing an additional 792 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Rice Midstream Partners by 25.0% in the second quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock worth $343,000 after purchasing an additional 3,437 shares in the last quarter. Finally, Allianz Asset Management GmbH purchased a new position in shares of Rice Midstream Partners in the third quarter worth about $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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