Rice Midstream Partners LP (NYSE:RMP) – Equities research analysts at US Capital Advisors cut their Q1 2017 earnings per share (EPS) estimates for Rice Midstream Partners in a research note issued on Friday. US Capital Advisors analyst B. Followill now expects that the brokerage will earn $0.26 per share for the quarter, down from their previous estimate of $0.37. US Capital Advisors also issued estimates for Rice Midstream Partners’ Q2 2017 earnings at $0.26 EPS, Q3 2017 earnings at $0.29 EPS, Q4 2017 earnings at $0.31 EPS and FY2018 earnings at $1.48 EPS.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.03. The company had revenue of $41.10 million for the quarter, compared to the consensus estimate of $16.85 million. Rice Midstream Partners had a return on equity of 15.83% and a net margin of 57.67%. The company’s revenue for the quarter was up 36.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.21 EPS.

Earnings History and Estimates for Rice Midstream Partners (NYSE:RMP)

Several other research analysts have also recently weighed in on RMP. Zacks Investment Research cut Rice Midstream Partners from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Goldman Sachs Group Inc. began coverage on Rice Midstream Partners in a research report on Monday, November 7th. They set a “buy” rating and a $30.00 price target for the company. Howard Weil increased their price target on Rice Midstream Partners from $27.00 to $29.00 and gave the company a “sector outperform” rating in a research report on Tuesday, October 11th. Mitsubishi UFJ Financial Group reissued an “overweight” rating on shares of Rice Midstream Partners in a research report on Thursday, September 1st. Finally, TheStreet raised Rice Midstream Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Rice Midstream Partners has an average rating of “Buy” and a consensus price target of $23.71.

Shares of Rice Midstream Partners (NYSE:RMP) opened at 21.65 on Monday. Rice Midstream Partners has a one year low of $8.40 and a one year high of $24.30. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 16.05 and a beta of 1.43. The stock’s 50 day moving average price is $22.15 and its 200 day moving average price is $20.59.

Several institutional investors have recently made changes to their positions in RMP. Pointe Capital Management LLC raised its position in shares of Rice Midstream Partners by 0.3% in the third quarter. Pointe Capital Management LLC now owns 56,503 shares of the company’s stock worth $1,371,000 after buying an additional 149 shares during the period. AMP Capital Investors Ltd raised its position in shares of Rice Midstream Partners by 2.2% in the third quarter. AMP Capital Investors Ltd now owns 22,275 shares of the company’s stock worth $519,000 after buying an additional 475 shares during the period. Global X Management Co. LLC raised its position in shares of Rice Midstream Partners by 7.1% in the third quarter. Global X Management Co. LLC now owns 13,372 shares of the company’s stock worth $324,000 after buying an additional 891 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of Rice Midstream Partners by 10.4% in the second quarter. BNP Paribas Arbitrage SA now owns 12,128 shares of the company’s stock worth $248,000 after buying an additional 1,144 shares during the period. Finally, Hollencrest Securities LLC raised its position in shares of Rice Midstream Partners by 10.6% in the third quarter. Hollencrest Securities LLC now owns 23,400 shares of the company’s stock worth $568,000 after buying an additional 2,240 shares during the period. Institutional investors own 67.83% of the company’s stock.

In other Rice Midstream Partners news, insider James Wilmot Rogers acquired 4,000 shares of the company’s stock in a transaction on Monday, November 7th. The shares were purchased at an average price of $21.10 per share, for a total transaction of $84,400.00. Following the completion of the purchase, the insider now directly owns 29,152 shares of the company’s stock, valued at $615,107.20. The transaction was disclosed in a document filed with the SEC, which is available through this link.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Shareholders of record on Tuesday, November 1st were paid a $0.237 dividend. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, October 28th. This represents a $0.95 annualized dividend and a yield of 4.38%. Rice Midstream Partners’s dividend payout ratio is currently 70.37%.

Rice Midstream Partners Company Profile

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.

5 Day Chart for NYSE:RMP

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