Oppenheimer Asset Management Inc. grew its stake in Rice Midstream Partners LP (NYSE:RMP) by 79.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 19,004 shares of the oil and gas producer’s stock after buying an additional 8,385 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Rice Midstream Partners were worth $379,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Rice Midstream Partners by 10.7% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 8,184,689 shares of the oil and gas producer’s stock valued at $163,203,000 after buying an additional 788,842 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Rice Midstream Partners by 4.0% in the 2nd quarter. Alps Advisors Inc. now owns 5,365,854 shares of the oil and gas producer’s stock valued at $106,995,000 after buying an additional 204,375 shares during the period. Morgan Stanley lifted its holdings in shares of Rice Midstream Partners by 7.2% in the 1st quarter. Morgan Stanley now owns 3,492,377 shares of the oil and gas producer’s stock valued at $88,078,000 after buying an additional 235,377 shares during the period. Brookfield Asset Management Inc. lifted its holdings in shares of Rice Midstream Partners by 94.7% in the 1st quarter. Brookfield Asset Management Inc. now owns 2,098,371 shares of the oil and gas producer’s stock valued at $52,921,000 after buying an additional 1,020,490 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in shares of Rice Midstream Partners by 55.4% in the 1st quarter. Clearbridge Investments LLC now owns 1,951,816 shares of the oil and gas producer’s stock valued at $49,225,000 after buying an additional 695,930 shares during the period.

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A number of equities analysts recently weighed in on the company. Scotiabank set a $22.00 price target on Rice Midstream Partners and gave the stock a “hold” rating in a report on Saturday, July 22nd. BidaskClub cut Rice Midstream Partners from a “sell” rating to a “strong sell” rating in a report on Friday, July 28th. Stifel Nicolaus set a $19.00 price target on Rice Midstream Partners and gave the stock a “hold” rating in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) cut Rice Midstream Partners from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $27.00 to $23.00 in a report on Friday, September 8th. Finally, ValuEngine cut Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.44.

Shares of Rice Midstream Partners LP (RMP) opened at 21.17 on Friday. Rice Midstream Partners LP 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 $20.39 and its 200 day moving average price is $22.81. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.98 and a beta of 1.31.

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

Rice Midstream Partners Profile

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.

Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

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