Scotia Howard Weil announced Rice Midstream Partners (TSE:RMP), bumping up its stock price target to $29.00 today
- Updated: October 10, 2016
Just yesterday Rice Midstream Partners (TSE:RMP) traded -2.91% lower at $22.80. Rice Midstream Partners’s 50-day moving average is $0.99 and its 200-day moving average is $1.24. The last stock price is up -19.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,184,331 shares of RMP traded hands, down from an average trading volume of 1,382,320
In a report released on Tuesday October 11, 2016 Scotia Howard Weil increased the stock price target of Rice Midstream Partners (TSE:RMP) from $27.00 to $29.00 reporting a possible upside of 0.27%.
Previously on 8/19/2016, RBC Capital Markets released a statement about Rice Midstream Partners (TSE:RMP) reduced the target price from $1.40 to $1.35. At the time, this indicated a possible upside of 0.36%.
Recent Performance Chart
Rice Midstream Partners has 52 week low of $0.90 and a 52 week high of $2.14 and has a market capitalization of $0.
In addition to Scotia Howard Weil reporting its stock price target, a total of 15 brokerages have issued a research note on the company. The average stock price target is $1.10 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 (TSE:RMP)
RMP Energy Inc. is a Canada-based independent crude oil and natural gas company. The Company is engaged in the exploration for, development and production of crude oil, natural gas and natural gas liquids (NGLs) reserves in the Western Canadian Sedimentary Basin within the province of Alberta, Canada. The Company's areas of operations and focus is located in the Montney light oil fairway at Ante Creek, Waskahigan and Gold Creek in West Central Alberta, with additional Alberta-based operations in Grizzly, Kaybob, Pine Creek, Gilby, the Deep Basin area of Ricinus and its Big Muddy asset base in Southern Saskatchewan. The Waskahigan property is located approximately 60 kilometers northwest of its Kaybob property. The Ante Creek property is located approximately 20 kilometers north of its Waskahigan property. The Gold Creek area is located between 10 and 40 kilometers southeast of Grande Prairie, Alberta. Its Kaybob property is located over 250 kilometers northwest of Edmonton, Alberta.
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