Analyst Ratings for Rice Midstream Partners LP (RMP)

Updated: 2017-07-27

An average rating of Overweight has been given to Rice Midstream Partners LP (NYSE:RMP) by analysts covering the stock. RMP had previously received a consensus rating of Hold a month ago.

12 analysts issued ratings on the stock, where 4 gave RMP a buy rating, 1 issued an overweight rating, 7 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 6. Over the same time period, there has been an increase of 0 in the number of analysts with a negative outlook on the stock.

Several price targets were given for RMP by the analysts covering the stock. The most optimistic analyst gave a price target of 27, which equates to a potential upside of 31 percent. The most pessimistic analyst gave a price target of 19, implying potential capital losses of -7.81 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates downwards for this quarter, by about -2.86 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is -7.11 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -2.45 percent, as compared to a month ago. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.45 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 0 analysts increased their quarterly estimates, while 1 analysts revised their estimates downwards. Over the same time period, 0 analysts revised their FY earnings estimates upwards, while 1 analysts decreased their estimates.

The growth rate of RMP's earnings is estimated by analysts to be 2.24 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. PEG ratios below 1 are often considered desirable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of RMP is 6.74.

In the trailing 52-weeks, RMP hit 26.42 at the highest peak, while it's lowest trading point was 16.87. Currently the stock is 22.17 percent higher than its low, and below the high by 21.99 percent. RMP has a P/E ratio of 15.09. Investors typically compare the P/E ratio to a company's peers in the industry. The RMP value stock report compares RMP to some of its peers using value stock charts. The market cap of RMP is $2.11 billion. RMP is estimated to release their earnings results for the quarter on 0000-00-00, days from today.