Rice Midstream Partners LP (RMP) Receives $22.33 Consensus Price Target from Analysts
Rice Midstream Partners LP (NYSE:RMP) has earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $23.50.
Several brokerages have recently issued reports on RMP. US Capital Advisors reiterated an “overweight” rating on shares of Rice Midstream Partners in a research note on Tuesday, July 17th. Zacks Investment Research lowered Rice Midstream Partners from a “buy” rating to a “hold” rating in a research note on Tuesday, July 17th. Finally, ValuEngine lowered Rice Midstream Partners from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 26th.
Shares of RMP traded up $1,696.18 during midday trading on Wednesday, hitting $1,714.23. Rice Midstream Partners has a 1 year low of $16.68 and a 1 year high of $23.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.91 and a quick ratio of 2.91.
Rice Midstream Partners Company Profile
Rice Midstream Partners LP owns, operates, develops, and acquires midstream assets in the Appalachian Basin. It operates in two segments, Gathering and Compression, and Water Services. Its natural gas gathering and compression assets consist of natural gas gathering and compression systems that serve producers in the dry gas core of the Marcellus Shale in southwestern Pennsylvania.
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