Stifel Nicolaus set a $19.00 price target on Rice Midstream Partners LP (NYSE:RMP) in a research report report published on Friday morning. The firm currently has a hold rating on the oil and gas producer’s stock.

A number of other brokerages also recently issued reports on RMP. Scotiabank set a $22.00 price objective on Rice Midstream Partners and gave the stock a hold rating in a research report on Saturday, July 22nd. Wells Fargo & Company upgraded Rice Midstream Partners from a market perform rating to an outperform rating in a research report on Monday, July 17th. BidaskClub downgraded Rice Midstream Partners from a sell rating to a strong sell rating in a research report on Friday, July 28th. BMO Capital Markets set a $20.00 price objective on Rice Midstream Partners and gave the stock a buy rating in a research report on Thursday, August 10th. Finally, SunTrust Banks, Inc. downgraded Rice Midstream Partners from a buy rating to a hold rating and lowered their price objective for the stock from $28.00 to $21.00 in a research report on Monday, June 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company’s stock. Rice Midstream Partners has a consensus rating of Hold and a consensus target price of $23.78.

Shares of Rice Midstream Partners (NYSE RMP) traded up 0.25% on Friday, hitting $20.05. 218,145 shares of the company’s stock traded hands. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 14.19 and a beta of 1.31. Rice Midstream Partners has a 1-year low of $16.87 and a 1-year high of $26.42. The firm’s 50-day moving average price is $20.27 and its 200 day moving average price is $23.18.

Rice Midstream Partners (NYSE:RMP) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. Rice Midstream Partners had a return on equity of 12.71% and a net margin of 58.22%. The company had revenue of $72.38 million during the quarter, compared to the consensus estimate of $58.20 million. During the same period last year, the company earned $0.38 earnings per share. The firm’s revenue was up 55.5% compared to the same quarter last year. On average, equities research analysts expect that Rice Midstream Partners will post $1.43 earnings per share for the current year.

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The firm also recently announced a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Tuesday, August 8th were issued a $0.2711 dividend. This is an increase from Rice Midstream Partners’s previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Friday, August 4th. Rice Midstream Partners’s payout ratio is presently 70.13%.

Large investors have recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. increased its stake in shares of Rice Midstream Partners by 10.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock worth $163,203,000 after buying an additional 788,842 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Rice Midstream Partners by 25.9% in the second quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock worth $149,573,000 after buying an additional 1,541,392 shares during the last quarter. Alps Advisors Inc. increased its stake in shares of Rice Midstream Partners by 4.0% in the second quarter. Alps Advisors Inc. now owns 5,365,854 shares of the oil and gas producer’s stock worth $106,995,000 after buying an additional 204,375 shares during the last quarter. Morgan Stanley increased its stake in shares of Rice Midstream Partners by 7.2% in the first quarter. Morgan Stanley now owns 3,492,377 shares of the oil and gas producer’s stock worth $88,078,000 after buying an additional 235,377 shares during the last quarter. Finally, Brookfield Asset Management Inc. increased its stake in shares of Rice Midstream Partners by 94.7% in the first quarter. Brookfield Asset Management Inc. now owns 2,098,371 shares of the oil and gas producer’s stock worth $52,921,000 after buying an additional 1,020,490 shares during the last quarter.

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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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