Wells Fargo & Company MN lifted its holdings in shares of Rice Midstream Partners LP (NYSE:RMP) by 25.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,202 shares of the oil and gas producer’s stock after acquiring an additional 3,437 shares during the period. Wells Fargo & Company MN’s holdings in Rice Midstream Partners were worth $343,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Proficio Capital Partners LLC grew its stake in shares of Rice Midstream Partners by 32.8% during the second quarter. Proficio Capital Partners LLC now owns 11,601 shares of the oil and gas producer’s stock worth $242,000 after acquiring an additional 2,867 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Rice Midstream Partners by 40.6% during the first quarter. Alliancebernstein L.P. now owns 13,351 shares of the oil and gas producer’s stock worth $337,000 after acquiring an additional 3,855 shares during the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Rice Midstream Partners by 79.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 19,004 shares of the oil and gas producer’s stock worth $379,000 after acquiring an additional 8,385 shares during the last quarter. Global X Management Co. LLC grew its stake in shares of Rice Midstream Partners by 28.2% during the second quarter. Global X Management Co. LLC now owns 24,431 shares of the oil and gas producer’s stock worth $487,000 after acquiring an additional 5,372 shares during the last quarter. Finally, Creative Planning boosted its position in Rice Midstream Partners by 62.2% in the second quarter. Creative Planning now owns 26,343 shares of the oil and gas producer’s stock valued at $525,000 after buying an additional 10,106 shares during the last quarter.

Rice Midstream Partners LP (NYSE RMP) opened at $20.20 on Friday. 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 firm has a market capitalization of $1,497.47, a P/E ratio of 11.84, a PEG ratio of 0.87 and a beta of 1.28. Rice Midstream Partners LP has a 52 week low of $16.87 and a 52 week high of $26.42.

Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Thursday, November 2nd. The oil and gas producer reported $0.48 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $81.70 million during the quarter, compared to the consensus estimate of $65.25 million. During the same period in the prior year, the company earned $0.30 EPS. The firm’s revenue was up 98.8% compared to the same quarter last year. research analysts anticipate that Rice Midstream Partners LP will post 1.56 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Tuesday, November 7th were issued a $0.2814 dividend. This is a boost from Rice Midstream Partners’s previous quarterly dividend of $0.27. This represents a $1.13 annualized dividend and a yield of 5.57%. The ex-dividend date was Monday, November 6th. Rice Midstream Partners’s dividend payout ratio is presently 65.70%.

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A number of brokerages recently commented on RMP. Zacks Investment Research upgraded Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Saturday, September 16th. Canaccord Genuity reiterated a “buy” rating on shares of Rice Midstream Partners in a research report on Wednesday, October 25th. Stifel Nicolaus set a $19.00 target price on Rice Midstream Partners and gave the company a “hold” rating in a research report on Friday, August 25th. BMO Capital Markets set a $20.00 target price on Rice Midstream Partners and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Scotiabank reiterated a “hold” rating on shares of Rice Midstream Partners in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company. Rice Midstream Partners presently has an average rating of “Hold” and a consensus target price of $21.63.

Rice Midstream Partners Profile

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.

Institutional Ownership by Quarter for Rice Midstream Partners (NYSE:RMP)

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