Shares of Rice Midstream Partners LP (NYSE:RMP) have been given an average recommendation of “Buy” by the twelve brokerages that are presently covering the company. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $20.86.

Several research analysts have recently commented on the company. Zacks Investment Research upgraded Rice Midstream Partners from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a report on Wednesday, September 14th. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Rice Midstream Partners in a report on Thursday, September 1st. Stifel Nicolaus lowered Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, August 26th. TheStreet upgraded Rice Midstream Partners from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Drexel Hamilton assumed coverage on Rice Midstream Partners in a report on Tuesday, August 16th. They set a “buy” rating on the stock.

Rice Midstream Partners (NYSE:RMP) opened at 21.37 on Tuesday. Rice Midstream Partners has a one year low of $8.40 and a one year high of $23.67. The company has a market capitalization of $1.73 billion, a PE ratio of 16.63 and a beta of 1.36. The firm’s 50-day moving average is $21.62 and its 200 day moving average is $18.34.

Rice Midstream Partners (NYSE:RMP) last announced its earnings results on Wednesday, August 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. Rice Midstream Partners had a net margin of 57.23% and a return on equity of 15.87%. The company had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $39.23 million. During the same quarter in the previous year, the company posted $0.21 EPS. The firm’s quarterly revenue was up 63.0% on a year-over-year basis. On average, equities analysts expect that Rice Midstream Partners will post ($0.13) EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. increased its position in Rice Midstream Partners by 41.1% in the second quarter. Cohen & Steers Inc. now owns 1,714,632 shares of the company’s stock valued at $35,030,000 after buying an additional 499,026 shares in the last quarter. Harvest Fund Advisors LLC increased its position in Rice Midstream Partners by 18.0% in the second quarter. Harvest Fund Advisors LLC now owns 8,419,408 shares of the company’s stock valued at $172,009,000 after buying an additional 1,283,932 shares in the last quarter. Tiger Legatus Capital Management LLC purchased a new position in Rice Midstream Partners during the second quarter valued at $7,763,000. Usca Ria LLC increased its position in Rice Midstream Partners by 11.7% in the second quarter. Usca Ria LLC now owns 28,750 shares of the company’s stock valued at $587,000 after buying an additional 3,000 shares in the last quarter. Finally, Eagle Global Advisors LLC increased its position in Rice Midstream Partners by 175.9% in the second quarter. Eagle Global Advisors LLC now owns 1,394,129 shares of the company’s stock valued at $28,482,000 after buying an additional 888,860 shares in the last quarter. 94.44% of the stock is owned by institutional investors.

Rice Midstream Partners Company Profile

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.

5 Day Chart for NYSE:RMP

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