Rice Midstream Partners LP (NYSE:RMP) had its price target boosted by investment analysts at Howard Weil from $27.00 to $29.00 in a research note issued on Tuesday. The brokerage presently has a “sector outperform” rating on the stock. Howard Weil’s target price would indicate a potential upside of 27.19% from the stock’s current price.

Several other analysts have also recently commented on RMP. Zacks Investment Research upgraded shares of Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Wednesday, July 6th. Barclays PLC raised their target price on shares of Rice Midstream Partners from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Monday, August 8th. Drexel Hamilton initiated coverage on shares of Rice Midstream Partners in a research note on Tuesday, August 16th. They issued a “buy” rating for the company. TheStreet upgraded shares of Rice Midstream Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, August 23rd. Finally, Stifel Nicolaus cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Friday, August 26th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $22.00.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

Rice Midstream Partners (NYSE:RMP) last released its earnings results on Wednesday, August 3rd. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.12. Rice Midstream Partners had a net margin of 57.23% and a return on equity of 15.87%. The company earned $46.55 million during the quarter, compared to analysts’ expectations of $39.23 million. During the same quarter last year, the business earned $0.21 EPS. The business’s revenue was up 63.0% on a year-over-year basis.

Institutional investors have recently made changes to their positions in the company. Harvest Fund Advisors LLC boosted its position in shares of Rice Midstream Partners by 18.0% in the second quarter. Harvest Fund Advisors LLC now owns 8,419,408 shares of the company’s stock worth $172,009,000 after buying an additional 1,283,932 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Rice Midstream Partners by 36.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,601,348 shares of the company’s stock worth $53,624,000 after buying an additional 962,235 shares during the last quarter. Atlantic Trust Group LLC boosted its position in shares of Rice Midstream Partners by 13.1% in the second quarter. Atlantic Trust Group LLC now owns 2,282,669 shares of the company’s stock worth $46,635,000 after buying an additional 264,776 shares during the last quarter. Cohen & Steers Inc. boosted its position in shares of Rice Midstream Partners by 41.1% in the second quarter. Cohen & Steers Inc. now owns 1,714,632 shares of the company’s stock worth $35,030,000 after buying an additional 499,026 shares during the last quarter. Finally, Eagle Global Advisors LLC boosted its position in shares of Rice Midstream Partners by 175.9% in the second quarter. Eagle Global Advisors LLC now owns 1,394,129 shares of the company’s stock worth $28,482,000 after buying an additional 888,860 shares during the last quarter. Institutional investors own 94.44% of the company’s stock.

About Rice Midstream Partners

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company operates in two segments: 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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