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.

Rattler Midstream (NASDAQ:RTLR) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The company had revenue of $125.31 million for the quarter, compared to analyst estimates of $111.32 million. Research analysts forecast that Rattler Midstream will post 1.35 earnings per share for the current year.

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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Analyst Recommendations for Rattler Midstream (NASDAQ:RTLR)

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