Rose Rock Midstream LP (NYSE:RRMS) Receives $22.88 Consensus Price Target from Analysts
Rose Rock Midstream LP (NYSE:RRMS) has earned a consensus recommendation of “Hold” from the twelve research firms that are covering the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $22.88.
Several equities research analysts have recently issued reports on RRMS shares. Zacks Investment Research downgraded shares of Rose Rock Midstream from a “hold” rating to a “sell” rating in a research report on Wednesday, September 21st. SunTrust Banks Inc. started coverage on shares of Rose Rock Midstream in a research report on Tuesday, June 14th. They set a “neutral” rating and a $29.00 price objective for the company.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Barclays PLC increased its position in shares of Rose Rock Midstream by 8.8% in the first quarter. Barclays PLC now owns 26,020 shares of the company’s stock worth $287,000 after buying an additional 2,109 shares during the period. State Street Corp increased its position in shares of Rose Rock Midstream by 3.9% in the first quarter. State Street Corp now owns 12,456 shares of the company’s stock worth $148,000 after buying an additional 466 shares during the period. Yorkville Capital Management LLC increased its position in shares of Rose Rock Midstream by 55.9% in the first quarter. Yorkville Capital Management LLC now owns 128,459 shares of the company’s stock worth $1,525,000 after buying an additional 46,039 shares during the period. BP Capital Fund Advisors LLC purchased a new position in shares of Rose Rock Midstream during the first quarter worth approximately $1,084,000. Finally, Kayne Anderson Capital Advisors LP increased its position in shares of Rose Rock Midstream by 53.9% in the second quarter. Kayne Anderson Capital Advisors LP now owns 661,630 shares of the company’s stock worth $17,457,000 after buying an additional 231,610 shares during the period.
Rose Rock Midstream (NYSE:RRMS) opened at 27.16 on Wednesday. The stock’s 50 day moving average is $26.10 and its 200 day moving average is $22.13. The stock has a market capitalization of $1.00 billion, a PE ratio of 31.29 and a beta of 2.21. Rose Rock Midstream has a 12-month low of $6.67 and a 12-month high of $32.44.
Rose Rock Midstream (NYSE:RRMS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.24. The firm had revenue of $169.14 million for the quarter, compared to the consensus estimate of $241.15 million. During the same period last year, the company earned $0.32 earnings per share. The firm’s quarterly revenue was down 24.3% compared to the same quarter last year. Analysts forecast that Rose Rock Midstream will post $1.04 EPS for the current year.
About Rose Rock Midstream
Rose Rock Midstream, L.P. owns, operates, develops and acquires diversified portfolio of midstream energy assets. The Company is engaged in providing midstream energy related services, such as crude oil gathering, transportation, storage, distribution and marketing in Colorado, Kansas, Minnesota, Montana, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas and Wyoming.
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