Shares of Rice Midstream Partners LP (NYSE:RMP) dropped 1.4% during trading on Thursday . The company traded as low as $19.61 and last traded at $19.74, with a volume of 221,951 shares traded. The stock had previously closed at $20.02.

RMP has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price objective on Rice Midstream Partners from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, April 13th. Janney Montgomery Scott reiterated a “buy” rating on shares of Rice Midstream Partners in a research report on Sunday, April 17th. Zacks Investment Research cut Rice Midstream Partners from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 28th. Finally, Barclays PLC lifted their price objective on Rice Midstream Partners from $17.00 to $22.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 10th. Ten equities research analysts have rated the stock with a buy rating, The stock currently has a consensus rating of “Buy” and a consensus price target of $20.56.

The stock has a market cap of $1.41 billion and a price-to-earnings ratio of 17.79. The firm’s 50-day moving average is $19.32 and its 200-day moving average is $15.07.

Rice Midstream Partners (NYSE:RMP) last announced its quarterly earnings data on Wednesday, May 4th. The company reported $0.48 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.25. The firm earned $54.50 million during the quarter, compared to analyst estimates of $32.31 million. The company’s quarterly revenue was up 105.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. On average, equities research analysts anticipate that Rice Midstream Partners LP will post $1.23 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in RMP. Fort Washington Investment Advisors Inc. OH purchased a new stake in shares of Rice Midstream Partners during the fourth quarter valued at $4,681,000. Jennison Associates LLC raised its stake 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 valued at $5,475,000 after buying an additional 143,593 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of 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. Atlantic Trust Group LLC raised its stake in shares of 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. Finally, OppenheimerFunds Inc. raised its stake in shares of 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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