Rice Midstream Partners LP (RMP) Stock Formed Multiple Bottom Pattern

June 27, 2018 - By Jeanette Garcia

Rice Midstream Partners LP (RMP) chart points out a multiple bottoms chart pattern with $16.42 target. That’s 7.00 % below today’s $17.66 stock price. This chart pattern was announced on Jun, 27 by Finviz.com. $126.49M less could be RMP valuation at $16.42 stock price.

RMP is reaching $17.659 during the last trading session, after increased 0.11%.Rice Midstream Partners LP has volume of 22,616 shares. Since June 27, 2017 RMP has declined 26.32% and is downtrending. RMP underperformed by 38.89% the S&P 500.

Rice Midstream Partners LP (NYSE:RMP)’s earnings report is anticipated on August, 1., according to Zacks. Analysts have anticipation on stock’s earnings per share of $0.44. That’s up 4.76 % from last year’s $0.42 earnings per share. RMP’s profit could reach $45.02M with 10.03 P/E in case $0.44 earnings per share is revealed. Analysts at Wall Street see Rice Midstream Partners LP’s -8.33 % negative EPS growth compared to $0.48 earnings per share for previous quarter.

Rice Midstream Partners LP (NYSE:RMP) Ratings Coverage

Total analysts of 4 have positions in Rice Midstream Partners (NYSE:RMP) as follows: 1 rated it a “Buy”, 0 with “Sell” and 3 with “Hold”. The positive are 25%. The firm has $25.0 highest while $22.0 is the lowest target price. The average target $23.67 is 34.04% above the last ($17.659) price. Since January 11, 2018 according to StockzIntelligence Inc Rice Midstream Partners has 5 analyst reports. The stock rating was downgraded by Wells Fargo to “Market Perform” on Thursday, February 22. On Monday, February 12 the stock of Rice Midstream Partners LP (NYSE:RMP) earned “Hold” rating by RBC Capital Markets. On Monday, January 22 the company was downgraded by Citigroup. On Thursday, January 11 the stock of Rice Midstream Partners LP (NYSE:RMP) has “Buy” rating given by BMO Capital Markets. On Tuesday, January 16 the firm earned “Hold” rating by RBC Capital Markets.

Another two news for Rice Midstream Partners LP (NYSE:RMP) were recently published by: Nasdaq.com on June 22, 2018 with title “Consolidated Research: 2018 Summary Expectations for Stock Yards, Archrock, Lantheus, Steelcase, Tableau …”. The other Businesswire.com‘s article was titled “EQT Midstream Partners Announces Offering of Senior Notes” and published on June 20, 2018.

Rice Midstream Partners LP (NYSE:RMP) Analyst Ratings Chart

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