Rattler Midstream LP (NASDAQ:RTLR) Expected to Post Earnings of $0.26 Per Share
Brokerages predict that Rattler Midstream LP (NASDAQ:RTLR) will announce earnings per share of $0.26 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Rattler Midstream’s earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.30. The firm is expected to issue its next earnings report after the market closes on Tuesday, February 18th.
On average, analysts expect that Rattler Midstream will report full-year earnings of $1.09 per share for the current year, with EPS estimates ranging from $0.63 to $1.62. For the next year, analysts forecast that the company will post earnings of $1.34 per share, with EPS estimates ranging from $1.10 to $1.51. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Rattler Midstream.
Rattler Midstream (NASDAQ:RTLR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($0.01). The company had revenue of $115.42 million during the quarter, compared to analyst estimates of $107.17 million.
NASDAQ:RTLR traded down $0.27 on Friday, hitting $16.62. 77,523 shares of the stock were exchanged, compared to its average volume of 358,251. Rattler Midstream has a 52 week low of $14.01 and a 52 week high of $20.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.49 and a current ratio of 0.66. The company’s 50-day moving average price is $17.15 and its 200 day moving average price is $17.16.
Several institutional investors have recently bought and sold shares of RTLR. Wells Fargo & Company MN acquired a new position in shares of Rattler Midstream during the 2nd quarter worth about $379,000. Bank of Montreal Can acquired a new position in shares of Rattler Midstream during the 2nd quarter worth about $49,000. Bank of New York Mellon Corp acquired a new position in shares of Rattler Midstream during the 2nd quarter worth about $305,000. Northern Trust Corp acquired a new position in shares of Rattler Midstream during the 2nd quarter worth about $1,231,000. Finally, Parametric Portfolio Associates LLC acquired a new position in shares of Rattler Midstream during the 2nd quarter worth about $2,343,000. Institutional investors own 29.16% of the company’s stock.
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