Rattler Midstream LP (NASDAQ:RTLR) has been assigned an average recommendation of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $22.15.

RTLR has been the subject of several analyst reports. Wells Fargo & Co cut shares of Rattler Midstream from an “overweight” rating to an “equal weight” rating and set a $18.00 price target for the company. in a report on Tuesday, January 7th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Rattler Midstream from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Barclays set a $19.00 price target on shares of Rattler Midstream and gave the stock a “hold” rating in a report on Tuesday, October 15th. Finally, Bank of America increased their price target on shares of Rattler Midstream from $21.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th.

Shares of NASDAQ:RTLR traded down $0.07 on Friday, reaching $17.08. The company’s stock had a trading volume of 195,430 shares, compared to its average volume of 401,186. The stock’s 50-day moving average is $16.95 and its two-hundred day moving average is $17.25. Rattler Midstream has a 52-week low of $14.01 and a 52-week high of $20.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.66 and a quick ratio of 0.49.

Rattler Midstream (NASDAQ:RTLR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $115.42 million for the quarter, compared to analysts’ expectations of $107.17 million. On average, analysts predict that Rattler Midstream will post 1.09 EPS for the current year.

A number of institutional investors have recently modified their holdings of RTLR. Wells Fargo & Company MN purchased a new position in Rattler Midstream in the second quarter valued at about $379,000. Janus Henderson Group PLC purchased a new position in Rattler Midstream in the second quarter valued at about $197,000. Russell Investments Group Ltd. purchased a new position in Rattler Midstream in the second quarter valued at about $2,184,000. Bank of Montreal Can purchased a new position in Rattler Midstream in the second quarter valued at about $49,000. Finally, Bank of New York Mellon Corp purchased a new position in Rattler Midstream in the second quarter valued at about $305,000. 29.16% of the stock is owned by institutional investors.

Rattler Midstream Company Profile

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Analyst Recommendations for Rattler Midstream (NASDAQ:RTLR)

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