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.

RMP was given price targets by several analysts. The most optimistic price target was 27, which equates to a potential upside of 31 percent. The lowest price target was 19, implying a possible loss of -7.81 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -2.86 percent. 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. If we look at the last 90 days instead, we find a net average change of -2.45 percent in FY estimates.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts revised their estimates downwards. Also over the last month, 0 analysts increased their estimates for the FY earnings, while 1 analysts decreased their estimates.

Analysts estimate earnings of RMP to grow at a rate of 2.24 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. RMP has a PEG ratio of 6.74.

RMP has a 52-week high of 26.42 and a 52-week low of 16.87. Today's price is 22.17 percent above the 52-week low, and 21.99 percent lower than its 52-week high. RMP has a price/earnings 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's next earnings release will be on 0000-00-00, which is days away.