Wall Street brokerages expect that Rattler Midstream LP (NASDAQ:RTLR) will announce earnings of $0.26 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Rattler Midstream’s earnings, with the highest EPS estimate coming in at $0.30 and the lowest estimate coming in at $0.23. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 4th.
According to Zacks, analysts expect that Rattler Midstream will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $0.60 to $1.62. For the next financial year, analysts expect that the business will report earnings of $1.35 per share, with EPS estimates ranging from $1.10 to $1.51. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rattler Midstream.
Rattler Midstream (NASDAQ:RTLR) last released its earnings results on Wednesday, November 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $115.42 million for the quarter, compared to the consensus estimate of $107.17 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RTLR. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new stake in Rattler Midstream during the third quarter valued at about $29,000. NumerixS Investment Technologies Inc purchased a new stake in Rattler Midstream during the second quarter valued at about $37,000. Bank of Montreal Can purchased a new stake in Rattler Midstream during the second quarter valued at about $49,000. US Bancorp DE purchased a new stake in Rattler Midstream during the second quarter valued at about $52,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Rattler Midstream during the third quarter valued at about $70,000. 29.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of Rattler Midstream stock traded up $0.39 during trading on Friday, reaching $15.24. 167,900 shares of the company traded hands, compared to its average volume of 327,661. The company has a 50 day moving average price of $16.30. Rattler Midstream has a 1-year low of $14.55 and a 1-year high of $20.24.
The firm also recently disclosed a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 15th will be issued a dividend of $0.34 per share. The ex-dividend date is Thursday, November 14th.
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