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 maximum price target given was 27, implying a possible profit of 31 percent. The most pessimistic analyst gave a price target of 19, which equates to a potential downside 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.

Another thing investors often look at is the level of agreement among analysts' revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 1 analysts decreased their estimates.

RMP has an estimated earnings growth rate of 2.24 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. 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, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of RMP is 6.74.

In the last 52-weeks, RMP has achieved a high of 26.42 and a low of 16.87. Today's price is 22.17 percent above the 52-week 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's next earnings release will be on 0000-00-00, which is days away.