Brokerages expect Rice Midstream Partners LP (NYSE:RMP) to report sales of $67.37 million for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Rice Midstream Partners’ earnings, with estimates ranging from $66.94 million to $67.80 million. Rice Midstream Partners posted sales of $41.07 million during the same quarter last year, which indicates a positive year-over-year growth rate of 64%. The business is expected to issue its next earnings results on Wednesday, November 1st.

According to Zacks, analysts expect that Rice Midstream Partners will report full year sales of $67.37 million for the current year, with estimates ranging from $263.10 million to $272.00 million. For the next financial year, analysts expect that the company will post sales of $318.44 million per share, with estimates ranging from $308.21 million to $325.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Rice Midstream Partners.

Rice Midstream Partners (NYSE:RMP) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.09. Rice Midstream Partners had a return on equity of 12.71% and a net margin of 58.22%. The business had revenue of $72.38 million during the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The business’s revenue for the quarter was up 55.5% compared to the same quarter last year.

Several equities research analysts recently issued reports on the company. Goldman Sachs Group, Inc. (The) lowered Rice Midstream Partners from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $27.00 to $23.00 in a research note on Friday, September 8th. Canaccord Genuity reissued a “buy” rating on shares of Rice Midstream Partners in a research note on Monday, September 4th. AltaCorp Capital reissued a “hold” rating on shares of Rice Midstream Partners in a research note on Monday, September 4th. ValuEngine lowered Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Stifel Nicolaus set a $19.00 price objective on Rice Midstream Partners and gave the company a “hold” rating in a research note on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, fourteen have given 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 price target of $23.00.

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Rice Midstream Partners (NYSE RMP) opened at 21.10 on Thursday. The firm has a market cap of $2.16 billion, a PE ratio of 14.93 and a beta of 1.31. The firm has a 50-day moving average price of $20.35 and a 200-day moving average price of $22.85. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.42.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 17th. Stockholders of record on Tuesday, August 8th were given a $0.2711 dividend. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.14%. The ex-dividend date was Friday, August 4th. Rice Midstream Partners’s payout ratio is currently 70.13%.

A number of hedge funds have recently added to or reduced their stakes in RMP. Goldman Sachs Group Inc. lifted its position in Rice Midstream Partners by 25.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock valued at $149,573,000 after acquiring an additional 1,541,392 shares in the last quarter. UBS Group AG lifted its position in Rice Midstream Partners by 379.5% in the 1st quarter. UBS Group AG now owns 1,643,365 shares of the oil and gas producer’s stock valued at $41,446,000 after acquiring an additional 1,300,621 shares in the last quarter. Brookfield Asset Management Inc. lifted its position in Rice Midstream Partners by 94.7% in the 1st quarter. Brookfield Asset Management Inc. now owns 2,098,371 shares of the oil and gas producer’s stock valued at $52,921,000 after acquiring an additional 1,020,490 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its position in Rice Midstream Partners by 10.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock valued at $163,203,000 after acquiring an additional 788,842 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its position in Rice Midstream Partners by 55.4% in the 1st quarter. Clearbridge Investments LLC now owns 1,951,816 shares of the oil and gas producer’s stock valued at $49,225,000 after acquiring an additional 695,930 shares in the last quarter.

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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Earnings History and Estimates for Rice Midstream Partners (NYSE:RMP)

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