Rose Rock Midstream LP (NYSE:RRMS) a Buy or a Sell? What does Wells Fargo Think?


How Wells Fargo Currently Rates Rose Rock Midstream LP (NYSE:RRMS)

Equity research analysts at Wells Fargo placed “Market Perform” rating on Rose Rock Midstream LP (NYSE:RRMS). The firm commenced coverage coverage on RRMSin recent note issued to investors and clients on 7 December.

From a total of 10 analysts covering Rose Rock Midstream (NYSE:RRMS) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is $48 while the lowest target price is $25. The mean of all analyst targets is $34.2 with a 150.00% above today’s ($16.6) stock price. Rose Rock Midstream was the topic of 6 analyst reports since August 10, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 11 with “Outperform” rating. Goldman Sachs downgraded RRMS stock in a recent report from September 11 to “Neutral” rating. Finally, Stifel Nicolaus downgraded the stock to “Buy” rating in a report issued on an August 11.

Approximately 65,747 shares of stock traded hands. Rose Rock Midstream LP (NYSE:RRMS) has declined 63.42% since May 4, 2015 and is downtrending. It has underperformed by 62.34% the S&P500.

The overall sentiment of institutions has decreased to 0.72 in Q2 2015. Its down 0.19, from 0.91 in 2015Q2. The ratio turned negative, as 19 institutions have sold all the shares of Rose Rock Midstream LP that they owned while 20 funds have taken shares off the table. 5 funds have purchased shares for the first time while 23 added to their positions. These institutions now hold 12.70 million shares or 5.75% less than the 13.48 million shares they owned in 2015Q2.

The Fund Yorkville Capital Management Llc currently is holding shares equating to 1.85% of its total portfolio in Rose Rock Midstream LP representing a total of 75,946 shares. Another fund,Tph Asset Management Llc, is holding a total of 273,075 shares equating to 0.95% of their holdings. Additionally, Goodwin Daniel L has a 108,179 share stake in Rose Rock Midstream LP which represents 0.71% of their total portfolio. The Fund, Salient Capital Advisors Llc, based out of Texas, has also built up a stake in the stock, which represents a total of 0.6% of their total portfolio. Finally Spirit Of America Management Corp Ny, a fund which is based in the state of New York reported a total holdings of 91,251 shares.

Insider activity is a very important aspect to track on any stock. Going back to June 17, 2015, shareholders of Rose Rock Midstream LP have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $250,000 . Schwiering Peter L sold 5,000 shares worth approximately $250,000.

Rose Rock Midstream, L.P. owns, operates, develops and acquires diversified portfolio of midstream energy assets. The company has a market cap of $673.76 million. The Firm is engaged in providing midstream energy related services, such as crude oil gathering, transportation, storage, distribution and marketing in Colorado, Kansas, Louisiana, Montana, New Mexico, North Dakota, Ohio, Oklahoma, Texas and Wyoming. It has 13.5 P/E ratio. The Firm is managed and operated by its general partner Rose Rock Midstream GP, LLC (Rose Rock GP), which is a wholly owned subsidiary of SemGroup Corporation (SemGroup).

According to Zacks Investment Research, “Rose Rock Midstream, L.P. owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The Company is engaged in the business of crude oil gathering, transportation, storage and marketing in Colorado, Kansas, Montana, North Dakota, Oklahoma and Texas. Rose Rock Midstream, L.P. is based in Tulsa, Oklahoma.” Get a free copy of the Zacks research report on Rose Rock Midstream LP (RRMS).