BNP Paribas Arbitrage SA bought a new position in Rice Midstream Partners LP (NYSE:RMP) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,583 shares of the oil and gas producer’s stock, valued at approximately $116,000.

Several other institutional investors have also modified their holdings of the company. Virtu Financial LLC acquired a new position in shares of Rice Midstream Partners during the first quarter worth about $358,000. Russell Investments Group Ltd. increased its position in shares of Rice Midstream Partners by 5.9% in the first quarter. Russell Investments Group Ltd. now owns 156,024 shares of the oil and gas producer’s stock worth $3,933,000 after buying an additional 8,642 shares during the period. NBW Capital LLC acquired a new position in shares of Rice Midstream Partners during the first quarter worth about $456,000. Hollencrest Securities LLC acquired a new position in shares of Rice Midstream Partners during the first quarter worth about $396,000. Finally, Telemus Capital LLC acquired a new position in shares of Rice Midstream Partners during the first quarter worth about $404,000.

Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

Shares of Rice Midstream Partners LP (NYSE:RMP) opened at 18.47 on Friday. Rice Midstream Partners LP has a 12-month low of $16.87 and a 12-month high of $26.42. The firm has a market cap of $1.89 billion, a PE ratio of 13.55 and a beta of 1.29. The stock’s 50 day moving average price is $24.56 and its 200 day moving average price is $24.39.

Rice Midstream Partners (NYSE:RMP) last announced its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Rice Midstream Partners had a net margin of 58.46% and a return on equity of 12.79%. The company had revenue of $62.75 million for the quarter, compared to the consensus estimate of $56.64 million. On average, equities research analysts predict that Rice Midstream Partners LP will post $1.46 EPS for the current fiscal year.

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A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research note on Wednesday, May 3rd. Scotiabank reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Rice Midstream Partners in a research note on Monday, April 3rd. Johnson Rice initiated coverage on Rice Midstream Partners in a research note on Thursday, March 23rd. They issued an “accumulate” rating for the company. TheStreet raised Rice Midstream Partners from a “c+” rating to a “b” rating in a research note on Friday, April 21st. Finally, Drexel Hamilton downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $25.00.

About Rice Midstream Partners

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.

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