Shares of Rice Midstream Partners LP (NYSE:RMP) were down 0.9% during mid-day trading on Wednesday . The company traded as low as $19.16 and last traded at $19.76, with a volume of 89,736 shares. The stock had previously closed at $19.94.

A number of analysts recently issued reports on RMP shares. Zacks Investment Research raised Rice Midstream Partners from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. Stifel Nicolaus raised 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. Barclays PLC raised 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. Finally, Janney Montgomery Scott reissued a “buy” rating on shares of Rice Midstream Partners in a research report on Sunday, April 17th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.56.

The stock has a market capitalization of $1.44 billion and a P/E ratio of 18.07. The firm’s 50-day moving average is $19.46 and its 200-day moving average is $15.21.

Rice Midstream Partners (NYSE:RMP) last released its earnings results on Wednesday, May 4th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.25. The firm had revenue of $54.50 million for the quarter, compared to the consensus estimate of $32.31 million. During the same period in the prior year, the business earned $0.16 EPS. The company’s quarterly revenue was up 105.7% on a year-over-year basis. On average, analysts anticipate that Rice Midstream Partners LP will post $1.23 earnings per share for the current year.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC increased its position in 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 in the last quarter. Fort Washington Investment Advisors Inc. OH purchased a new position in Rice Midstream Partners during the fourth quarter worth approximately $4,681,000. Atlantic Trust Group LLC increased its position 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 worth $25,534,000 after buying an additional 363,653 shares in the last quarter. OppenheimerFunds Inc. increased its position in Rice Midstream Partners by 19.6% in the fourth quarter. OppenheimerFunds Inc. now owns 3,730,871 shares of the company’s stock worth $50,330,000 after buying an additional 610,894 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 worth $18,360,000 after buying an additional 637,012 shares in the last quarter.

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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