Rice Midstream Partners (RMP) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Rice Midstream Partners (NYSE:RMP) released its earnings results on Thursday. The oil and gas producer reported $0.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.05, Bloomberg Earnings reports. Rice Midstream Partners had a net margin of 59.24% and a return on equity of 13.59%.

Rice Midstream Partners (NYSE RMP) opened at $20.71 on Friday. Rice Midstream Partners has a 1-year low of $16.87 and a 1-year high of $26.42. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market cap of $1,500.41, a P/E ratio of 11.86, a P/E/G ratio of 0.74 and a beta of 1.10.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Friday, February 2nd were issued a $0.2917 dividend. This is a positive change from Rice Midstream Partners’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, February 1st. This represents a $1.17 annualized dividend and a yield of 5.63%. Rice Midstream Partners’s dividend payout ratio (DPR) is presently 68.02%.

Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Johnson Rice cut shares of Rice Midstream Partners from an “accumulate” rating to a “hold” rating in a research report on Monday, January 29th. Zacks Investment Research cut shares of Rice Midstream Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 17th. TheStreet raised shares of Rice Midstream Partners from a “c” rating to a “b” rating in a research report on Monday, December 18th. Finally, Tudor Pickering reissued a “hold” rating on shares of Rice Midstream Partners in a research report on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.00.

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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.

Earnings History for Rice Midstream Partners (NYSE:RMP)

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