Rice Midstream Partners LP to Post FY2019 Earnings of $1.84 Per Share, US Capital Advisors Forecasts (NYSE:RMP)

Rice Midstream Partners LP (NYSE:RMP) – US Capital Advisors issued their FY2019 earnings per share estimates for Rice Midstream Partners in a research note issued on Thursday, according to Zacks Investment Research. US Capital Advisors analyst B. Followill expects that the oil and gas producer will post earnings per share of $1.84 for the year.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings results on Thursday, November 2nd. The oil and gas producer reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.11. The firm had revenue of $81.70 million for the quarter, compared to analyst estimates of $65.25 million. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%. The firm’s quarterly revenue was up 98.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.30 earnings per share.

Several other equities analysts have also recently weighed in on RMP. ValuEngine cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. BMO Capital Markets set a $20.00 price objective on shares of Rice Midstream Partners and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Scotiabank set a $23.00 price objective on shares of Rice Midstream Partners and gave the stock a “hold” rating in a research report on Saturday, November 25th. Finally, Tudor Pickering reiterated a “hold” rating on shares of Rice Midstream Partners in a research report on Wednesday, December 13th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $21.75.

Rice Midstream Partners (NYSE:RMP) traded up $0.01 during midday trading on Monday, reaching $22.18. 432,400 shares of the company’s stock traded hands, compared to its average volume of 394,167. Rice Midstream Partners has a 12-month low of $16.87 and a 12-month high of $26.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $2,270.00, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.81 and a beta of 1.26.

Several large investors have recently modified their holdings of the business. Atlantic Trust Group LLC boosted its stake in shares of Rice Midstream Partners by 45.1% during the 3rd quarter. Atlantic Trust Group LLC now owns 2,341,401 shares of the oil and gas producer’s stock valued at $49,029,000 after buying an additional 727,930 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of Rice Midstream Partners by 30.2% in the 3rd quarter. Neuberger Berman Group LLC now owns 276,217 shares of the oil and gas producer’s stock valued at $5,784,000 after purchasing an additional 63,992 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Rice Midstream Partners in the 3rd quarter valued at $384,000. Grisanti Capital Management LLC acquired a new stake in shares of Rice Midstream Partners in the 3rd quarter valued at $1,334,000. Finally, HITE Hedge Asset Management LLC acquired a new stake in shares of Rice Midstream Partners in the 3rd quarter valued at $3,254,000.

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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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