Rice Midstream Partners LP (RMP) Given a $20.00 Price Target at BMO Capital Markets

BMO Capital Markets set a $20.00 price objective on Rice Midstream Partners LP (NYSE:RMP) in a report issued on Tuesday morning. The firm currently has a buy rating on the oil and gas producer’s stock.

Several other analysts have also recently weighed in on RMP. Scotiabank reaffirmed a hold rating on shares of Rice Midstream Partners in a research report on Tuesday. Zacks Investment Research cut Rice Midstream Partners from a buy rating to a hold rating in a research report on Tuesday, September 19th. Mitsubishi UFJ Financial Group cut Rice Midstream Partners from an overweight rating to a neutral rating and set a $23.00 price objective on the stock. in a research report on Wednesday, June 21st. TheStreet cut Rice Midstream Partners from a b- rating to a c+ rating in a research report on Friday, July 14th. Finally, BidaskClub cut Rice Midstream Partners from a sell rating to a strong sell rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $22.44.

Rice Midstream Partners (NYSE:RMP) opened at 21.68 on Tuesday. The firm has a 50-day moving average price of $20.92 and a 200 day moving average price of $22.31. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 15.34 and a beta of 1.30. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.42.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The business had revenue of $72.38 million for the quarter, compared to analysts’ expectations of $58.20 million. Rice Midstream Partners had a return on equity of 12.71% and a net margin of 58.22%. The business’s revenue was up 55.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. Equities analysts expect that Rice Midstream Partners will post $1.43 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Rice Midstream Partners LP (RMP) Given a $20.00 Price Target at BMO Capital Markets” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/rice-midstream-partners-lp-rmp-given-a-20-00-price-target-at-bmo-capital-markets.html.

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of Rice Midstream Partners by 36.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,215 shares of the oil and gas producer’s stock worth $842,000 after purchasing an additional 11,215 shares in the last quarter. CNH Partners LLC boosted its position in shares of Rice Midstream Partners by 0.4% in the 2nd quarter. CNH Partners LLC now owns 24,968 shares of the oil and gas producer’s stock worth $498,000 after purchasing an additional 100 shares in the last quarter. Castleton Investment Management LLC bought a new stake in shares of Rice Midstream Partners in the 2nd quarter worth approximately $1,136,000. Goldman Sachs Group Inc. boosted its position in shares of Rice Midstream Partners by 25.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock worth $149,573,000 after purchasing an additional 1,541,392

Several other analysts have also recently weighed in on RMP. Scotiabank reaffirmed a hold rating on shares of Rice Midstream Partners in a research report on Tuesday. Zacks Investment Research cut Rice Midstream Partners from a buy rating to a hold rating in a research report on Tuesday, September 19th. Mitsubishi UFJ Financial Group cut Rice Midstream Partners from an overweight rating to a neutral rating and set a $23.00 price objective on the stock. in a research report on Wednesday, June 21st. TheStreet cut Rice Midstream Partners from a b- rating to a c+ rating in a research report on Friday, July 14th. Finally, BidaskClub cut Rice Midstream Partners from a sell rating to a strong sell rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $22.44.

Rice Midstream Partners (NYSE:RMP) opened at 21.68 on Tuesday. The firm has a 50-day moving average price of $20.92 and a 200 day moving average price of $22.31. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 15.34 and a beta of 1.30. Rice Midstream Partners has a one year low of $16.87 and a one year high of $26.42.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.09. The business had revenue of $72.38 million for the quarter, compared to analysts’ expectations of $58.20 million. Rice Midstream Partners had a return on equity of 12.71% and a net margin of 58.22%. The business’s revenue was up 55.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 EPS. Equities analysts expect that Rice Midstream Partners will post $1.43 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Rice Midstream Partners LP (RMP) Given a $20.00 Price Target at BMO Capital Markets” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/rice-midstream-partners-lp-rmp-given-a-20-00-price-target-at-bmo-capital-markets.html.

Several institutional investors and hedge funds have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its position in shares of Rice Midstream Partners by 36.2% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,215 shares of the oil and gas producer’s stock worth $842,000 after purchasing an additional 11,215 shares in the last quarter. CNH Partners LLC boosted its position in shares of Rice Midstream Partners by 0.4% in the 2nd quarter. CNH Partners LLC now owns 24,968 shares of the oil and gas producer’s stock worth $498,000 after purchasing an additional 100 shares in the last quarter. Castleton Investment Management LLC bought a new stake in shares of Rice Midstream Partners in the 2nd quarter worth approximately $1,136,000. Goldman Sachs Group Inc. boosted its position in shares of Rice Midstream Partners by 25.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 7,501,148 shares of the oil and gas producer’s stock worth $149,573,000 after purchasing an additional 1,541,392 shares in the last quarter. Finally, EnTrustPermal Management LLC purchased a new position in Rice Midstream Partners in the 2nd quarter worth approximately $1,317,000.

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.

Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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