Rattler Midstream (NASDAQ:RTLR) Price Target Cut to $5.00 by Analysts at Wells Fargo & Co
Rattler Midstream (NASDAQ:RTLR) had its price target decreased by investment analysts at Wells Fargo & Co from $8.00 to $5.00 in a report released on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Co‘s price target suggests a potential upside of 42.86% from the company’s current price.
A number of other research analysts have also commented on RTLR. Credit Suisse Group lowered their price objective on Rattler Midstream from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. BidaskClub lowered Rattler Midstream from a “sell” rating to a “strong sell” rating in a report on Friday, March 6th. Piper Sandler lowered Rattler Midstream from an “overweight” rating to a “neutral” rating and set a $23.00 target price on the stock. in a report on Monday, March 9th. ValuEngine lowered Rattler Midstream from a “hold” rating to a “sell” rating in a report on Monday, March 9th. Finally, Zacks Investment Research raised Rattler Midstream from a “sell” rating to a “hold” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company’s stock. Rattler Midstream currently has an average rating of “Hold” and a consensus target price of $19.00.
Shares of NASDAQ RTLR traded up $0.07 during mid-day trading on Thursday, reaching $3.50. 2,520 shares of the company traded hands, compared to its average volume of 919,475. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.92 and a current ratio of 1.11. The stock has a market cap of $501.52 million and a PE ratio of 5.48. The company’s fifty day moving average is $10.93 and its two-hundred day moving average is $15.14. Rattler Midstream has a fifty-two week low of $2.90 and a fifty-two week high of $20.24.
In other news, President Hof Matthew Kaes Van’t acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were bought at an average price of $4.21 per share, with a total value of $25,260.00. Following the acquisition, the president now owns 1,148,857 shares of the company’s stock, valued at $4,836,687.97. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several large investors have recently made changes to their positions in RTLR. Great West Life Assurance Co. Can bought a new position in shares of Rattler Midstream during the 4th quarter worth approximately $49,000. Brookfield Public Securities Group LLC lifted its position in shares of Rattler Midstream by 12.5% during the 4th quarter. Brookfield Public Securities Group LLC now owns 8,594 shares of the company’s stock worth $153,000 after buying an additional 957 shares during the period. Barclays PLC bought a new position in shares of Rattler Midstream during the 3rd quarter worth approximately $161,000. Pacer Advisors Inc. bought a new position in shares of Rattler Midstream during the 4th quarter worth approximately $209,000. Finally, Mariner LLC bought a new position in shares of Rattler Midstream during the 4th quarter worth approximately $246,000. 28.73% of the stock is currently owned by institutional investors.
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