Rice Midstream Partners LP (NYSE:RMP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Friday.

According to Zacks, “Rice Midstream Partners LP is a midstream energy company. It owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s revenues come from natural-gas gathering services and compression services. Rice Midstream Partners LP is headquartered in United States. “

Several other brokerages also recently weighed in on RMP. TheStreet downgraded Rice Midstream Partners from a “b-” rating to a “c+” rating in a report on Thursday, February 2nd. Goldman Sachs Group, Inc. (The) began coverage on Rice Midstream Partners in a report on Monday, November 7th. They set a “buy” rating and a $30.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $25.00.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

Rice Midstream Partners (NYSE:RMP) traded down 0.5616% during midday trading on Friday, reaching $23.9746. 191,943 shares of the company’s stock traded hands. The stock has a market cap of $2.44 billion, a PE ratio of 17.7721 and a beta of 1.37. The stock’s 50 day moving average price is $24.29 and its 200-day moving average price is $22.52. Rice Midstream Partners has a one year low of $10.67 and a one year high of $25.71.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Tuesday, February 7th were issued a $0.2505 dividend. This represents a $1.00 annualized dividend and a yield of 4.16%. This is an increase from Rice Midstream Partners’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Friday, February 3rd. Rice Midstream Partners’s dividend payout ratio (DPR) is presently 74.07%.

“Rice Midstream Partners LP (RMP) Downgraded to Hold at Zacks Investment Research” was originally published by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece of content can be accessed at http://www.dailypolitical.com/2017/02/17/rice-midstream-partners-lp-rmp-downgraded-to-hold-at-zacks-investment-research.html.

Large investors have recently added to or reduced their stakes in the company. Creative Planning increased its stake in Rice Midstream Partners by 78.2% in the third quarter. Creative Planning now owns 9,740 shares of the company’s stock valued at $236,000 after buying an additional 4,275 shares during the last quarter. Global X Management Co. LLC increased its stake in Rice Midstream Partners by 7.1% in the third quarter. Global X Management Co. LLC now owns 13,372 shares of the company’s stock valued at $324,000 after buying an additional 891 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Rice Midstream Partners by 5,575.8% in the second quarter. JPMorgan Chase & Co. now owns 22,703 shares of the company’s stock valued at $464,000 after buying an additional 22,303 shares during the last quarter. Alps Advisors Inc. acquired a new stake in Rice Midstream Partners during the third quarter valued at approximately $479,000. Finally, AMP Capital Investors Ltd increased its stake in Rice Midstream Partners by 2.2% in the third quarter. AMP Capital Investors Ltd now owns 22,275 shares of the company’s stock valued at $519,000 after buying an additional 475 shares during the last quarter. Institutional investors own 72.70% of the company’s stock.

Rice Midstream Partners Company Profile

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s segments are 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

Get a free copy of the Zacks research report on Rice Midstream Partners (RMP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Rice Midstream Partners LP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Midstream Partners LP and related companies with MarketBeat.com's FREE daily email newsletter.