Were Analysts Bearish Rice Midstream Partners LP (NYSE:RMP) This Week?

August 10, 2018 - By Mona Holcomb

Rice Midstream Partners LP (NYSE:RMP) Ratings Coverage

Among 2 analysts covering Rice Midstream Partners (NYSE:RMP), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Rice Midstream Partners had 2 analyst reports since February 12, 2018 according to SRatingsIntel. Wells Fargo downgraded Rice Midstream Partners LP (NYSE:RMP) on Thursday, February 22 to “Market Perform” rating. On Monday, February 12 the stock rating was maintained by RBC Capital Markets with “Hold”. Below is a list of Rice Midstream Partners LP (NYSE:RMP) latest ratings and price target changes.

22/02/2018 Broker: Wells Fargo Old Rating: Outperform New Rating: Market Perform Downgrade
12/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $25.0 Maintain

The stock decreased 1.30% or $0.24 during the last trading session, reaching $18.16. About 438,856 shares traded or 185.85% up from the average. Rice Midstream Partners LP (NYSE:RMP) has declined 26.32% since August 10, 2017 and is downtrending. It has underperformed by 38.89% the S&P500.

Rice Midstream Partners LP owns, operates, develops, and acquires midstream assets in the Appalachian Basin. The company has market cap of $1.86 billion. It operates in two divisions, Gathering and Compression; and Water Services. It has a 10.15 P/E ratio. The Company’s natural gas gathering and compression assets consist of natural gas gathering and compression systems that service producers in the dry gas core of the Marcellus Shale in southwestern Pennsylvania.

More recent Rice Midstream Partners LP (NYSE:RMP) news were published by: Prnewswire.com which released: “Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® MLP Market Cap …” on July 13, 2018. Also Gurufocus.com published the news titled: “Swank Capital and Cushing® Asset Management Announce a Constituent Change to The Cushing® 30 MLP Index” on July 13, 2018. Businesswire.com‘s news article titled: “Rice Midstream Partners Unitholders Approve Merger with EQT Midstream Partners” with publication date: July 20, 2018 was also an interesting one.

Rice Midstream Partners LP (NYSE:RMP) Ratings Chart

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