Rice Midstream Partners LP (NYSE:RMP)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a research note issued on Monday.

A number of other research analysts also recently weighed in on the company. AltaCorp Capital reissued a “hold” rating on shares of Rice Midstream Partners in a report on Monday. ValuEngine downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Stifel Nicolaus set a $19.00 price target on Rice Midstream Partners and gave the stock a “hold” rating in a research report on Friday, August 25th. BMO Capital Markets set a $20.00 price target on Rice Midstream Partners and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded Rice Midstream Partners from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. Rice Midstream Partners presently has an average rating of “Hold” and an average target price of $23.78.

Shares of Rice Midstream Partners (NYSE:RMP) traded down 0.313% during midday trading on Monday, reaching $20.685. The company had a trading volume of 101,021 shares. The company’s 50-day moving average is $20.31 and its 200-day moving average is $22.96. The stock has a market capitalization of $2.12 billion, a PE ratio of 14.639 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.

Rice Midstream Partners (NYSE:RMP) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $58.20 million. During the same quarter in the prior year, the company earned $0.38 earnings per share. Rice Midstream Partners’s revenue was up 55.5% on a year-over-year basis. On average, equities research analysts forecast that Rice Midstream Partners will post $1.43 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the stock. Tortoise Capital Advisors L.L.C. grew its position in shares of Rice Midstream Partners by 10.7% during 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 purchasing an additional 788,842 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Rice Midstream Partners by 25.9% during 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 purchasing an additional 1,541,392 shares in the last quarter. Alps Advisors Inc. grew its position in shares of Rice Midstream Partners by 4.0% during 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 purchasing an additional 204,375 shares in the last quarter. Morgan Stanley grew its position in shares of Rice Midstream Partners by 7.2% during the first quarter. Morgan Stanley now owns 3,492,377 shares of the oil and gas producer’s stock worth $88,078,000 after purchasing an additional 235,377 shares in the last quarter. Finally, Brookfield Asset Management Inc. grew its position in shares of Rice Midstream Partners by 94.7% during 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 purchasing an additional 1,020,490 shares in 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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