RBC Capital Markets Lowers their Rating for Shares of Rice Midstream Partners LP RMP (NYSE:RMP). Are Other Analysts Next?

June 20, 2017 - By Migdalia James

  RBC Capital Markets Lowers their Rating for Shares of Rice Midstream Partners LP RMP (NYSE:RMP). Are Other Analysts Next?

Rice Midstream Partners LP RMP (NYSE:RMP) Receives a Downgrade

It will be interesting to watch the trading activity for Rice Midstream Partners LP RMP (NYSE:RMP) today as RBC Capital Markets decreased the shares of the stock from a Outperform rating to a Sector Perform. In addition to this downgrade, analysts at RBC Capital Markets set a $21.00 PT which is a change of 17.98 %.

Rice Midstream Partners LP (NYSE:RMP) Ratings Coverage

Among 8 analysts covering Rice Midstream Partners (NYSE:RMP), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Rice Midstream Partners has $30 highest and $19 lowest target. $23.57’s average target is 32.79% above currents $17.75 stock price. Rice Midstream Partners had 19 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Friday, August 7 by RBC Capital Markets. Roth Capital maintained Rice Midstream Partners LP (NYSE:RMP) rating on Monday, August 10. Roth Capital has “Outperform” rating and $23 target. The firm has “Buy” rating given on Monday, November 7 by Goldman Sachs. The stock of Rice Midstream Partners LP (NYSE:RMP) has “Hold” rating given on Friday, August 14 by Zacks. The firm has “Hold” rating by Suntrust Robinson given on Monday, June 19. The firm has “Sector Perform” rating given on Tuesday, June 20 by RBC Capital Markets. The stock of Rice Midstream Partners LP (NYSE:RMP) has “Overweight” rating given on Thursday, September 1 by Mitsubishi UFJ. As per Friday, May 6, the company rating was maintained by Stifel Nicolaus. Howard Weil upgraded Rice Midstream Partners LP (NYSE:RMP) on Tuesday, December 15 to “Sector Outperform” rating. Howard Weil maintained the shares of RMP in report on Tuesday, October 11 with “Sector Outperform” rating.

About 2,803 shares traded. Rice Midstream Partners LP (NYSE:RMP) has risen 42.06% since June 20, 2016 and is uptrending. It has outperformed by 25.36% the S&P500.

Wall Street await Rice Midstream Partners LP (NYSE:RMP) to release earnings on August, 2. Analysts forecast earnings per share of $0.34, down exactly $0.04 or 10.53 % from 2014’s $0.38 EPS. The expected RMP’s profit could reach $25.49M giving the stock 12.95 P/E in the case that $0.34 earnings per share is reported. After posting $0.36 EPS for the previous quarter, Rice Midstream Partners LP’s analysts now forecast -5.56 % negative EPS growth.

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The company has market cap of $1.33 billion. The Company’s divisions are gathering and compression, and water services. It has a 13 P/E ratio. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc. and third parties in the Appalachian Basin.

More notable recent Rice Midstream Partners LP (NYSE:RMP) news were published by: Seekingalpha.com which released: “Rice Midstream Partners Plans To Triple Distribution” on December 13, 2016, also Fool.com with their article: “EQT Corporation Is About to Become America’s Biggest Natural Gas Producer …” published on June 19, 2017, Seekingalpha.com published: “Rice Midstream Partners’ (RMP) CEO Daniel Rice on Q1 2017 Results – Earnings …” on May 07, 2017. More interesting news about Rice Midstream Partners LP (NYSE:RMP) were released by: Seekingalpha.com and their article: “Rice Energy To Accelerate Dropdown To Rice Midstream Partners” published on May 18, 2017 as well as Seekingalpha.com‘s news article titled: “Rice Midstream Partners: Welcome The Dropdown” with publication date: April 27, 2017.

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