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.

A number of hedge funds have recently modified their holdings of the stock. OppenheimerFunds Inc. grew its position in Rice Midstream Partners by 1.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 7,753,003 shares of the oil and gas producer’s stock worth $131,956,000 after acquiring an additional 94,572 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its position in Rice Midstream Partners by 4.8% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 6,591,850 shares of the oil and gas producer’s stock worth $112,193,000 after acquiring an additional 302,877 shares during the last quarter. Alps Advisors Inc. grew its position in Rice Midstream Partners by 5.9% during the 2nd quarter. Alps Advisors Inc. now owns 6,112,118 shares of the oil and gas producer’s stock worth $131,227,000 after acquiring an additional 338,718 shares during the last quarter. CIBC Private Wealth Group LLC grew its position in Rice Midstream Partners by 6.4% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 3,398,847 shares of the oil and gas producer’s stock worth $57,848,000 after acquiring an additional 203,688 shares during the last quarter. Finally, Brookfield Asset Management Inc. grew its position in Rice Midstream Partners by 104.1% during the 1st quarter. Brookfield Asset Management Inc. now owns 3,331,191 shares of the oil and gas producer’s stock worth $60,294,000 after acquiring an additional 1,698,812 shares during the last quarter. Institutional investors and hedge funds own 74.09% of the company’s stock.

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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Analyst Recommendations for Rice Midstream Partners (NYSE:RMP)

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