Positive Media Coverage Somewhat Unlikely to Affect Rice Midstream Partners (NYSE:RMP) Stock Price

Media headlines about Rice Midstream Partners (NYSE:RMP) have been trending positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rice Midstream Partners earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned media headlines about the oil and gas producer an impact score of 46.1652363451806 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

A number of equities analysts recently commented on RMP shares. Zacks Investment Research downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Scotiabank restated a “hold” rating on shares of Rice Midstream Partners in a report on Tuesday, October 10th. BMO Capital Markets set a $20.00 price objective on Rice Midstream Partners and gave the stock a “buy” rating in a report on Tuesday, October 10th. Canaccord Genuity restated a “buy” rating on shares of Rice Midstream Partners in a report on Wednesday, October 25th. Finally, Tudor Pickering restated a “hold” rating on shares of Rice Midstream Partners in a report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company’s stock. Rice Midstream Partners presently has a consensus rating of “Hold” and an average target price of $21.75.

Rice Midstream Partners (NYSE RMP) opened at $22.19 on Wednesday. Rice Midstream Partners has a twelve month low of $16.87 and a twelve month high of $26.42. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $1,631.33, a P/E ratio of 12.90, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26.

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

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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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