Rice Midstream Partners (NYSE:RMP) Stock Upgrade
Trading for shares of Rice Midstream Partners (NYSE:RMP) should be followed closely this week, as Scotia Howard Weil upgraded shares to a “Sector Outperform” from a “Sector Perform”. Additionally analysts have announced a new target price of $19 which is 68.59% higher.
From a total of 11 analysts covering Rice Midstream Partners (NYSE:RMP) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $27 while the lowest target price is $18.5. The mean of all analyst targets is $22.32 with a 89.88% above today’s ($11.27) stock price. Rice Midstream Partners was the topic of 9 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 6 with “Outperform” rating. Roth Capital maintained RMP stock in a recent report from August 10 with “Outperform” rating.
The stock closed the day at $11.27 during the previous session. It is down 27.66% since May 12, 2015 and is downtrending. It has underperformed by 23.99% the S&P500.
Rice Midstream Partners LP is a limited partnership that owns, operates, develops and acquires midstream assets in the Appalachian Basin. The company has a market cap of $799.24 million. The Firm is engaged in oil and natural gas gathering and processing. It has 10.03 P/E ratio. The Company’s assets consist of natural gas gathering and compression assets servicing producers in the developing dry gas core of the Marcellus Shale in southwestern Pennsylvania.
According to Zacks Investment Research, “Rice Midstream Partners LP is a midstream energy company. It owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company’s revenues come from natural-gas gathering services and compression services. Rice Midstream Partners LP is headquartered in United States.”