Published On: Mon, Sep 12th, 2016

Rice Midstream Partners LP Expected to Post Q1 2018 Earnings of $0.40 Per Share (RMP)

Rice Midstream Partners LP (NYSE:RMP) – US Capital Advisors issued their Q1 2018 EPS estimates for Rice Midstream Partners in a research note issued on Thursday. US Capital Advisors analyst B. Followill forecasts that the brokerage will post earnings per share of $0.40 for the quarter. US Capital Advisors also issued estimates for Rice Midstream Partners’ Q2 2018 earnings at $0.41 EPS.
Rice Midstream Partners (NYSE:RMP) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.12. Rice Midstream Partners had a return on equity of 15.87% and a net margin of 57.23%. The business had revenue of $46.55 million for the quarter, compared to analysts’ expectations of $39.23 million. During the same quarter last year, the firm earned $0.21 earnings per share. The business’s revenue was up 63.0% on a year-over-year basis.
Several other brokerages also recently issued reports on RMP. Mitsubishi UFJ Financial Group reiterated an “overweight” rating on shares of Rice Midstream Partners in a research report on Thursday, September 1st. Stifel Nicolaus downgraded Rice Midstream Partners from a “buy” rating to a “hold” rating in a research report on Friday, August 26th. Zacks Investment Research upgraded Rice Midstream Partners from a “sell” rating to a “hold” rating and set a $24.00 target price for the company in a research report on Tuesday, August 9th. TheStreet upgraded Rice Midstream Partners from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. Finally, Drexel Hamilton assumed coverage on Rice Midstream Partners in a research report on Tuesday, August 16th. They issued a “buy” rating for the company. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.75.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/12/rice-midstream-partners-lp-expected-to-post-q1-2018-earnings-of-0-40-per-share-rmp.html

Shares of Rice Midstream Partners (NYSE:RMP) opened at 22.07 on Monday. The firm has a market cap of $1.79 billion, a PE ratio of 17.18 and a beta of 1.36. The stock’s 50 day moving average price is $21.13 and its 200 day moving average price is $17.82. Rice Midstream Partners has a 12-month low of $8.40 and a 12-month high of $23.67.
About Rice Midstream Partners
Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company operates in two segments: 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.

Receive News & Ratings for Rice Midstream Partners LP Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Rice Midstream Partners LP and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>