Winslow Evans & Crocker Inc. maintained its position in shares of Rice Midstream Partners LP (NYSE:RMP) during the second quarter, according to its most recent filing with the SEC. The firm owned 7,150 shares of the oil and gas producer’s stock at the end of the second quarter. Winslow Evans & Crocker Inc.’s holdings in Rice Midstream Partners were worth $143,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in RMP. Guggenheim Capital LLC increased its position in shares of Rice Midstream Partners by 14.0% in the fourth quarter. Guggenheim Capital LLC now owns 90,611 shares of the oil and gas producer’s stock valued at $2,227,000 after buying an additional 11,099 shares during the last quarter. Brookfield Asset Management Inc. increased its position in shares of Rice Midstream Partners by 3.9% in the fourth quarter. Brookfield Asset Management Inc. now owns 1,077,881 shares of the oil and gas producer’s stock valued at $26,494,000 after buying an additional 40,551 shares during the last quarter. HITE Hedge Asset Management LLC increased its position in shares of Rice Midstream Partners by 200.2% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,121,873 shares of the oil and gas producer’s stock valued at $27,576,000 after buying an additional 748,125 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Rice Midstream Partners during the first quarter valued at approximately $4,502,000. Finally, Spirit of America Management Corp NY increased its position in shares of Rice Midstream Partners by 10.8% in the first quarter. Spirit of America Management Corp NY now owns 1,060,734 shares of the oil and gas producer’s stock valued at $26,752,000 after buying an additional 103,042 shares during the last quarter.
Shares of Rice Midstream Partners LP (RMP) opened at 20.44 on Friday. The company has a market capitalization of $2.09 billion, a PE ratio of 15.00 and a beta of 1.31. Rice Midstream Partners LP has a 52 week low of $16.87 and a 52 week high of $26.42. The firm’s 50-day moving average price is $20.43 and its 200 day moving average price is $23.74.
Rice Midstream Partners (NYSE:RMP) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.09. Rice Midstream Partners had a net margin of 58.22% and a return on equity of 13.24%. The business had revenue of $72.38 million for the quarter, compared to analyst estimates of $58.20 million. During the same period last year, the company posted $0.38 EPS. The business’s revenue was up 55.5% on a year-over-year basis. Equities analysts predict that Rice Midstream Partners LP will post $1.39 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Tuesday, August 8th will be paid a $0.2711 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 5.31%. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, August 4th. Rice Midstream Partners’s dividend payout ratio (DPR) is 67.53%.
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Several equities analysts have recently commented on RMP shares. Scotiabank set a $29.00 price objective on Rice Midstream Partners and gave the company a “buy” rating in a research report on Saturday, April 22nd. TheStreet upgraded Rice Midstream Partners from a “c+” rating to a “b” rating in a research report on Friday, April 21st. Zacks Investment Research upgraded Rice Midstream Partners from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Wednesday, May 3rd. Johnson Rice downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 19th. Finally, SunTrust Banks, Inc. downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating and decreased their target price for the stock from $28.00 to $21.00 in a research report on Monday, June 19th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. Rice Midstream Partners currently has an average rating of “Hold” and an average target price of $24.22.
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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