Rice Midstream Partners LP (NYSE:RMP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

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. “

Other analysts have also issued reports about the stock. Mitsubishi UFJ Financial Group lowered shares of Rice Midstream Partners from an “overweight” rating to a “neutral” rating and set a $23.00 price target for the company. in a research note on Wednesday, June 21st. Scotiabank set a $29.00 price target on shares of Rice Midstream Partners and gave the stock a “buy” rating in a research note on Saturday, April 22nd. Drexel Hamilton lowered shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub upgraded shares of Rice Midstream Partners from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Finally, Wells Fargo & Company lowered shares of Rice Midstream Partners from an “outperform” rating to a “market perform” rating in a research note on Monday, June 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.25.

Shares of Rice Midstream Partners (RMP) opened at 20.01 on Thursday. The company has a 50 day moving average of $20.10 and a 200 day moving average of $23.68. The company has a market cap of $2.05 billion, a PE ratio of 14.68 and a beta of 1.31. Rice Midstream Partners has a 52 week low of $16.87 and a 52 week high of $26.42.

Rice Midstream Partners (NYSE:RMP) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Rice Midstream Partners had a net margin of 58.22% and a return on equity of 12.71%. The firm had revenue of $72.38 million during the quarter, compared to analyst estimates of $58.20 million. During the same period in the previous year, the business posted $0.38 earnings per share. The business’s revenue for the quarter was up 55.5% on a year-over-year basis. On average, analysts expect that Rice Midstream Partners will post $1.40 EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Atlantic Trust Group LLC raised its stake in shares of Rice Midstream Partners by 34.2% in the second quarter. Atlantic Trust Group LLC now owns 1,613,471 shares of the oil and gas producer’s stock valued at $32,173,000 after buying an additional 410,851 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Rice Midstream Partners by 28.8% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,097,219 shares of the oil and gas producer’s stock valued at $41,819,000 after buying an additional 468,864 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Rice Midstream Partners by 79.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 19,004 shares of the oil and gas producer’s stock valued at $379,000 after buying an additional 8,385 shares during the period. Neuberger Berman Group LLC acquired a new stake in shares of Rice Midstream Partners during the second quarter valued at about $4,232,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Rice Midstream Partners during the second quarter valued at about $9,113,000.

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.

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Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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