Rice Midstream Partners LP (NYSE:RMP) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: September 29, 2016
Zacks Investment Research has downgraded Rice Midstream Partners LP (NYSE:RMP) to Hold in a report released on Friday September 30, 2016.
Yesterday Rice Midstream Partners LP (NYSE:RMP) traded -1.89% lower at $23.77. The company’s 50-day moving average is $21.83 and its 200-day moving average is $18.68. The last closing price is up 24.87% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 129,813 shares of the stock traded hands, down from an average trading volume of 254,831
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Rice Midstream Partners LP has a 52 week low of $8.40 and a 52 week high of $24.20 with a P/E ratio of 18.15 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 12 brokers have issued a report on the company. The average stock price target is $21.46 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About 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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