Shares of Rice Midstream Partners LP (NYSE:RMP) dropped 2.9% during mid-day trading on Thursday . The stock traded as low as $22.11 and last traded at $22.20, with a volume of 72,482 shares trading hands. The stock had previously closed at $22.86.

RMP has been the subject of several research reports. Zacks Investment Research raised shares of Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, July 6th. Stifel Nicolaus increased their price target on shares of Rice Midstream Partners from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 6th. Drexel Hamilton began coverage on shares of Rice Midstream Partners in a research note on Tuesday, August 16th. They issued a “buy” rating for the company. TheStreet raised shares of Rice Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Barclays PLC increased their price target 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. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Rice Midstream Partners has an average rating of “Buy” and a consensus price target of $20.75.

The firm has a 50-day moving average price of $20.75 and a 200-day moving average price of $17.40. The company has a market capitalization of $1.81 billion and a PE ratio of 17.35.

Rice Midstream Partners (NYSE:RMP) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.12. The company earned $46.55 million during the quarter, compared to analyst estimates of $39.23 million. The firm’s revenue for the quarter was up 63.0% on a year-over-year basis. During the same quarter last year, the business earned $0.21 EPS. Equities analysts expect that Rice Midstream Partners LP will post $1.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Tuesday, August 2nd were paid a $0.2235 dividend. This represents a $0.89 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend was Friday, July 29th. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.21.

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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