ValuEngine downgraded shares of Rice Midstream Partners (NYSE:RMP) from a buy rating to a hold rating in a research report sent to investors on Sunday morning.

Several other brokerages have also issued reports on RMP. Tudor Pickering restated a hold rating on shares of Rice Midstream Partners in a research note on Wednesday, December 13th. BMO Capital Markets set a $20.00 target price on Rice Midstream Partners and gave the company a buy rating in a research note on Tuesday, October 10th. Scotiabank restated a hold rating on shares of Rice Midstream Partners in a research note on Tuesday, October 10th. Zacks Investment Research lowered Rice Midstream Partners from a buy rating to a hold rating in a research note on Tuesday, September 19th. Finally, Goldman Sachs Group lowered Rice Midstream Partners from a buy rating to a neutral rating and lowered their target price for the company from $27.00 to $23.00 in a research note on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $21.75.

Shares of Rice Midstream Partners (NYSE:RMP) opened at $22.03 on Friday. The stock has a market capitalization of $1,579.11, a price-to-earnings ratio of 12.81, a price-to-earnings-growth ratio of 0.80 and a beta of 1.26. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.42.

Rice Midstream Partners (NYSE:RMP) last issued its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The firm had revenue of $81.70 million for the quarter, compared to analyst estimates of $65.25 million. Rice Midstream Partners had a return on equity of 13.59% and a net margin of 59.24%. The business’s revenue was up 98.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. equities research analysts predict that Rice Midstream Partners will post 1.66 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the stock. CNH Partners LLC raised its stake in shares of Rice Midstream Partners by 0.4% during the 2nd quarter. CNH Partners LLC now owns 24,968 shares of the oil and gas producer’s stock valued at $498,000 after purchasing an additional 100 shares during the period. Alliancebernstein L.P. raised its stake in shares of Rice Midstream Partners by 5.9% during the 2nd quarter. Alliancebernstein L.P. now owns 14,143 shares of the oil and gas producer’s stock valued at $282,000 after purchasing an additional 792 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Rice Midstream Partners by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 263,078 shares of the oil and gas producer’s stock valued at $5,246,000 after purchasing an additional 1,778 shares during the period. Wells Fargo & Company MN raised its stake in shares of Rice Midstream Partners by 25.0% during the 2nd quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock valued at $343,000 after purchasing an additional 3,437 shares during the period. Finally, Huntington National Bank bought a new stake in shares of Rice Midstream Partners during the 3rd quarter valued at $174,000.

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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.

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