57,000 Shares in Rice Midstream Partners LP (RMP) Acquired by Castleton Investment Management LLC
Castleton Investment Management LLC bought a new position in Rice Midstream Partners LP (NYSE:RMP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 57,000 shares of the oil and gas producer’s stock, valued at approximately $1,136,000. Castleton Investment Management LLC owned about 0.06% of Rice Midstream Partners as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Arbitrage SA acquired a new stake in shares of Rice Midstream Partners during the first quarter worth $116,000. Proficio Capital Partners LLC acquired a new position in shares of Rice Midstream Partners in the 1st quarter valued at $220,000. Ameritas Investment Partners Inc. acquired a new position in shares of Rice Midstream Partners in the 1st quarter valued at $229,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Rice Midstream Partners in the 1st quarter valued at $268,000. Finally, Level Four Advisory Services LLC acquired a new position in shares of Rice Midstream Partners in the 1st quarter valued at $304,000.
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 research note on Saturday, July 22nd. Goldman Sachs Group, Inc. (The) lowered shares of Rice Midstream Partners from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $27.00 to $23.00 in a research note on Friday, September 8th. BidaskClub lowered shares of Rice Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Stifel Nicolaus set a $19.00 target price on shares of Rice Midstream Partners and gave the stock a “hold” rating in a report on Friday, August 25th. Finally, ValuEngine cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Rice Midstream Partners has a consensus rating of “Hold” and a consensus price target of $22.44.
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Shares of Rice Midstream Partners LP (NYSE:RMP) traded up 0.85% during trading on Wednesday, hitting $21.34. The stock had a trading volume of 61,726 shares. The company has a market capitalization of $2.18 billion, a price-to-earnings ratio of 15.10 and a beta of 1.30. The firm has a 50 day moving average of $20.65 and a 200 day moving average of $22.43. Rice Midstream Partners LP 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, topping the Thomson Reuters’ 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 firm had revenue of $72.38 million for the quarter, compared to analyst estimates of $58.20 million. During the same period in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 55.5% on a year-over-year basis. Analysts expect that Rice Midstream Partners LP will post $1.43 EPS for the current fiscal year.
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.
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