Goldman Sachs Group Inc. downgraded Rice Midstream Partners LP (NYSE:RMP) to Not Rated in a report released today.
- Updated: October 2, 2016
Goldman Sachs Group Inc. has downgraded Rice Midstream Partners LP (NYSE:RMP) to Not Rated in a report released on Wednesday September 28, 2016.
Previously on 9/14/2016, Zacks Investment Research released a statement about Rice Midstream Partners LP (NYSE:RMP) increased the target price from $0.00 to $24.00. At the time, this indicated a possible upside of 0.14%.
Just yesterday Rice Midstream Partners LP (NYSE:RMP) traded 4.03% higher at $22.52. Rice Midstream Partners LP’s 50-day moving average is $21.91 and its 200-day moving average is $18.75. The last stock price is up 29.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 394,586 shares of RMP traded hands, up from an average trading volume of 255,769
Recent Performance Chart
Rice Midstream Partners LP has 52 week low of $8.40 and a 52 week high of $24.30 with a PE ratio of 18.88 and has a market capitalization of $0.
In addition to Goldman Sachs Group Inc. reporting its stock price target, a total of 12 brokerages have issued a ratings update on the company. The average stock price target is $21.46 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Rice Midstream Partners LP (NYSE:RMP)
Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The Company operates in two segments: gathering and compression, and water services. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc. (Rice Energy) and third parties in the Appalachian Basin. The water services segment is engaged in the provision of water services to support well completion activities, and to collect and recycle or dispose of flowback and produced water for Rice Energy and third parties in the Appalachian Basin. Its water assets have a total capacity of over 19.4 million gallons per day. Its gathering and compression assets include a 3.3 million dekatherms per day (MMDth/d) high-pressure dry gas gathering system and associated compression in Washington County, Pennsylvania, and an 840 thousand dekatherms per day (MDth/d) high-pressure dry gas gathering system in Greene County, Pennsylvania.
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