Rice Midstream Partners LP (NYSE:RMP) fell 3.9% on Tuesday . The company traded as low as $20.84 and last traded at $20.92, with a volume of 101,514 shares traded. The stock had previously closed at $21.77.

A number of research firms have weighed in on RMP. Janney Montgomery Scott reissued a “buy” rating on shares of Rice Midstream Partners in a report on Sunday, April 17th. Stifel Nicolaus boosted their target price on shares of Rice Midstream Partners from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 6th. Zacks Investment Research raised shares of Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Wednesday, July 6th. Finally, Barclays PLC boosted their target price on shares of Rice Midstream Partners from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Monday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. Rice Midstream Partners currently has an average rating of “Buy” and an average target price of $20.50.

The company has a market cap of $1.72 billion and a P/E ratio of 16.4670. The stock’s 50-day moving average price is $19.78 and its 200-day moving average price is $16.12.

Rice Midstream Partners (NYSE:RMP) last announced its earnings results on Wednesday, August 3rd. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.12. The company earned $46.55 million during the quarter, compared to analysts’ expectations of $39.23 million. During the same period in the prior year, the business earned $0.21 earnings per share. The company’s revenue for the quarter was up 63.0% compared to the same quarter last year. Analysts expect that Rice Midstream Partners LP will post $1.29 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 11th. Investors of record on Tuesday, August 2nd will be paid a $0.2235 dividend. This is an increase from Rice Midstream Partners’s previous quarterly dividend of $0.21. This represents a $0.89 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Friday, July 29th.

An institutional investor recently raised its position in Rice Midstream Partners stock. Jennison Associates LLC increased its position in shares of 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 institutional investor owned 405,887 shares of the company’s stock after buying an additional 143,593 shares during the period. Jennison Associates LLC owned 0.71% of Rice Midstream Partners worth $5,475,000 at the end of the most recent reporting period.

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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