Shares of Rice Midstream Partners LP (NYSE:RMP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $20.70 and last traded at $20.67, with a volume of 50,518 shares trading hands. The stock had previously closed at $20.37.

RMP has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Rice Midstream Partners from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. Stifel Nicolaus upped their price objective on shares of Rice Midstream Partners from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, April 13th. Barclays PLC upped their price objective on shares of Rice Midstream Partners from $17.00 to $22.00 and gave the company an “overweight” rating in a research note on Tuesday, May 10th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating on shares of Rice Midstream Partners in a research note on Sunday, April 17th. Ten investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $20.56.

The stock has a 50-day moving average price of $19.02 and a 200-day moving average price of $14.91. The company has a market capitalization of $1.46 billion and a P/E ratio of 18.38.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Wednesday, May 4th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.25. The company had revenue of $54.50 million for the quarter, compared to analyst estimates of $32.31 million. During the same quarter in the previous year, the company posted $0.16 EPS. The company’s revenue for the quarter was up 105.7% compared to the same quarter last year. On average, analysts anticipate that Rice Midstream Partners LP will post $1.23 EPS for the current year.

Other hedge funds and institutional investors recently modified their holdings of the company. Jennison Associates LLC raised its position in shares of Rice Midstream Partners by 54.7% in the fourth quarter. Jennison Associates LLC now owns 405,887 shares of the company’s stock worth $5,475,000 after buying an additional 143,593 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new stake in Rice Midstream Partners during the fourth quarter valued at approximately $4,681,000. Atlantic Trust Group LLC increased its stake in Rice Midstream Partners by 23.8% in the fourth quarter. Atlantic Trust Group LLC now owns 1,892,800 shares of the company’s stock valued at $25,534,000 after buying an additional 363,653 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Rice Midstream Partners by 88.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,361,021 shares of the company’s stock valued at $18,360,000 after buying an additional 637,012 shares during the period. Finally, OppenheimerFunds Inc. increased its stake in Rice Midstream Partners by 19.6% in the fourth quarter. OppenheimerFunds Inc. now owns 3,730,871 shares of the company’s stock valued at $50,330,000 after buying an additional 610,894 shares during the period.

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company operates in two segments: 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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