JPMorgan Chase & Co. reduced its holdings in shares of Rice Midstream Partners LP (NYSE:RMP) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,200,596 shares of the oil and gas producer’s stock after selling 14,070 shares during the period. JPMorgan Chase & Co. owned approximately 1.63% of Rice Midstream Partners worth $23,940,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Tortoise Capital Advisors L.L.C. increased its position in Rice Midstream Partners by 10.7% during 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 buying an additional 788,842 shares in the last quarter. Alps Advisors Inc. increased its position in Rice Midstream Partners by 4.0% during the 2nd quarter. Alps Advisors Inc. now owns 5,365,854 shares of the oil and gas producer’s stock valued at $106,995,000 after buying an additional 204,375 shares in the last quarter. Morgan Stanley increased its position in Rice Midstream Partners by 7.2% during the 1st quarter. Morgan Stanley now owns 3,492,377 shares of the oil and gas producer’s stock valued at $88,078,000 after buying an additional 235,377 shares in the last quarter. Brookfield Asset Management Inc. increased its position in Rice Midstream Partners by 94.7% during 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 buying an additional 1,020,490 shares in the last quarter. Finally, Clearbridge Investments LLC increased its position in Rice Midstream Partners by 55.4% during 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 buying an additional 695,930 shares in the last quarter.

Rice Midstream Partners LP (NYSE:RMP) opened at 21.30 on Wednesday. Rice Midstream Partners LP has a one year low of $16.87 and a one year high of $26.42. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.07 and a beta of 1.31. The stock has a 50 day moving average price of $20.43 and a 200-day moving average price of $22.73.

Rice Midstream Partners (NYSE:RMP) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $58.20 million. During the same quarter in the previous year, the firm earned $0.38 earnings per share. The business’s revenue was up 55.5% compared to the same quarter last year. On average, analysts predict that Rice Midstream Partners LP will post $1.43 earnings per share for the current fiscal year.

Several research analysts recently issued reports on the company. Zacks Investment Research lowered Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) lowered Rice Midstream Partners from a “buy” rating to a “neutral” rating and reduced their target price for the company from $27.00 to $23.00 in a research report on Friday, September 8th. Canaccord Genuity reaffirmed a “buy” rating on shares of Rice Midstream Partners in a research report on Monday, September 4th. AltaCorp Capital reaffirmed a “hold” rating on shares of Rice Midstream Partners in a research report on Monday, September 4th. Finally, ValuEngine lowered Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $22.44.

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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.

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

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