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.

A number of analysts gave price targets for RMP. The highest price target was 27, implying a possible profit of 31 percent. The minimum price target given was 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. Over the past 30 days, FY earnings estimates have also changed downwards by -2.45 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -2.45 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts made negative revisions. Also over the last month, 0 analysts increased their estimates for the FY earnings, compared to 1 analysts that revised their FY estimates downwards.

Analysts estimate earnings of RMP to grow at a rate of 2.24 percent. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 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.

In the last 52-weeks, RMP has achieved a high of 26.42 and a low of 16.87. The current market price is above the trailing year's low by 22.17 percent, 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 will post this quarters earnings in days, on 0000-00-00.