Zacks Investment Research downgraded shares of Rice Midstream Partners (NYSE:RMP) from a strong-buy rating to a hold rating in a research report sent to investors on Wednesday.

According to Zacks, “Rice Midstream Partners LP is a midstream energy company. It owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s revenues come from natural-gas gathering services and compression services. Rice Midstream Partners LP is headquartered in United States. “

Several other research firms also recently weighed in on RMP. Tudor Pickering reissued a hold rating on shares of Rice Midstream Partners in a research report on Wednesday, December 13th. BMO Capital Markets set a $20.00 price objective on shares of Rice Midstream Partners and gave the company a buy rating in a report on Tuesday, October 10th. Scotiabank reaffirmed a hold rating on shares of Rice Midstream Partners in a report on Tuesday, October 10th. ValuEngine downgraded shares of Rice Midstream Partners from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, Canaccord Genuity reaffirmed a buy rating on shares of Rice Midstream Partners in a report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. Rice Midstream Partners currently has an average rating of Hold and an average target price of $21.75.

Rice Midstream Partners (NYSE RMP) traded up $0.03 during trading hours on Wednesday, reaching $22.20. 311,399 shares of the company’s stock traded hands, compared to its average volume of 428,039. The stock has a market cap of $2,270.00, a P/E ratio of 14.05, a PEG ratio of 0.81 and a beta of 1.26. Rice Midstream Partners has a 12 month low of $16.87 and a 12 month high of $26.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 0.95.

Rice Midstream Partners (NYSE:RMP) last released its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.11. The company had revenue of $81.70 million for the quarter, compared to the consensus estimate of $65.25 million. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%. Rice Midstream Partners’s revenue was up 98.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.30 EPS. research analysts anticipate that Rice Midstream Partners will post 1.72 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in RMP. Bank of New York Mellon Corp lifted its stake in shares of Rice Midstream Partners by 0.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 263,078 shares of the oil and gas producer’s stock valued at $5,246,000 after purchasing an additional 1,778 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Rice Midstream Partners by 25.0% in the 2nd quarter. Wells Fargo & Company MN now owns 17,202 shares of the oil and gas producer’s stock valued at $343,000 after purchasing an additional 3,437 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Rice Midstream Partners by 5.9% in the 2nd quarter. Alliancebernstein L.P. now owns 14,143 shares of the oil and gas producer’s stock valued at $282,000 after purchasing an additional 792 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Rice Midstream Partners by 66.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 108,956 shares of the oil and gas producer’s stock valued at $2,174,000 after purchasing an additional 43,608 shares during the period. Finally, Citigroup Inc. lifted its stake in shares of Rice Midstream Partners by 45.6% in the 2nd quarter. Citigroup Inc. now owns 333,387 shares of the oil and gas producer’s stock valued at $6,648,000 after purchasing an additional 104,441 shares during the period.

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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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