Rice Midstream Partners LP (NYSE:RMP) shares fell 2.9% on Thursday . The company traded as low as $22.11 and last traded at $22.20, with a volume of 72,482 shares changing hands. The stock had previously closed at $22.86.

A number of research firms have weighed in on RMP. Mitsubishi UFJ Financial Group began coverage on Rice Midstream Partners in a report on Thursday. They issued an “overweight” rating on the stock. Stifel Nicolaus downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, August 26th. TheStreet raised Rice Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Zacks Investment Research downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Drexel Hamilton began coverage on Rice Midstream Partners in a report on Tuesday, August 16th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $20.75.

The company has a market capitalization of $1.80 billion and a price-to-earnings ratio of 17.22. The company has a 50 day moving average price of $20.69 and a 200 day moving average price of $17.36.

Rice Midstream Partners (NYSE:RMP) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.12. During the same quarter in the prior year, the business posted $0.21 earnings per share. The company earned $46.55 million during the quarter, compared to analysts’ expectations of $39.23 million. The company’s revenue was up 63.0% compared to the same quarter last year. On average, equities analysts expect that Rice Midstream Partners LP will post $1.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Tuesday, August 2nd were paid a dividend of $0.2235 per share. The ex-dividend date of this dividend was Friday, July 29th. This represents a $0.89 annualized dividend and a yield of 4.04%. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.21.

An institutional investor recently raised its position in Rice Midstream Partners stock. Jennison Associates LLC raised its stake in Rice Midstream Partners LP (NYSE:RMP) by 54.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 405,887 shares of the company’s stock after buying an additional 143,593 shares during the period. Jennison Associates LLC owned about 0.71% of Rice Midstream Partners worth $5,475,000 as of its most recent filing with the SEC.

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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