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 highest price target was 27, implying potential capital gains of 31 percent. The most pessimistic price target was 19, implying potential capital losses of -7.81 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -2.86 percent. The average change in earnings estimates over the last 90 days is -7.11 percent. Meanwhile, fiscal year estimates have been revised downwards by -2.45 percent, compared to last month. 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. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 1 analysts that revised their FY estimates downwards.

RMP has an estimated earnings growth rate of 2.24 percent as forecasted by analysts. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. Many investors consider PEG ratios between 0 and 1 as preferrable, 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 trailing 52-weeks, RMP hit 26.42 at the highest peak, while it's lowest trading point was 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 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 stock has a market capitalization of $2.11 billion. RMP's next earnings release will be on 0000-00-00, which is days away.