Rice Midstream Partners LP (NYSE:RMP) has earned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fifteen have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $21.43.

RMP has been the topic of a number of research analyst reports. Canaccord Genuity reiterated a “buy” rating on shares of Rice Midstream Partners in a research note on Wednesday, October 25th. Zacks Investment Research lowered shares of Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 8th. Tudor Pickering reiterated a “hold” rating on shares of Rice Midstream Partners in a research note on Wednesday, December 13th. TheStreet upgraded shares of Rice Midstream Partners from a “c” rating to a “b” rating in a research note on Monday, December 18th. Finally, Scotiabank reiterated a “hold” rating on shares of Rice Midstream Partners in a research note on Tuesday, October 10th.

Rice Midstream Partners (NYSE:RMP) traded up $0.51 during midday trading on Monday, hitting $22.17. 530,585 shares of the company were exchanged, compared to its average volume of 401,830. Rice Midstream Partners has a fifty-two week low of $16.87 and a fifty-two week high of $26.42. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $2,270.00, a price-to-earnings ratio of 14.03, a PEG ratio of 0.78 and a beta of 1.26.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.11. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%. The business had revenue of $81.70 million for the quarter, compared to analyst estimates of $65.25 million. During the same quarter last year, the business earned $0.30 earnings per share. The business’s revenue for the quarter was up 98.8% on a year-over-year basis. analysts forecast that Rice Midstream Partners will post 1.72 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its position in 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. grew its position in Rice Midstream Partners by 11.3% in the third quarter. Alps Advisors Inc. now owns 5,973,792 shares of the oil and gas producer’s stock worth $125,091,000 after buying an additional 607,938 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Rice Midstream Partners by 15.7% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 2,425,979 shares of the oil and gas producer’s stock worth $50,800,000 after buying an additional 328,760 shares during the last quarter. Atlantic Trust Group LLC grew its position in Rice Midstream Partners by 45.1% in the third quarter. Atlantic Trust Group LLC now owns 2,341,401 shares of the oil and gas producer’s stock worth $49,029,000 after buying an additional 727,930 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Rice Midstream Partners by 93.6% in the third quarter. JPMorgan Chase & Co. now owns 2,324,660 shares of the oil and gas producer’s stock worth $48,283,000 after buying an additional 1,124,064 shares during the last quarter.

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Rice Midstream Partners Company 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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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