Rice Midstream Partners LP Comm (NYSE:RMP):
Rice Midstream Partners Increases Quarterly Distribution.
The company is now down since yesterday’s close of $22.23.
Rice Midstream Partners LP Comm also declared a dividend paid on Thursday August 11th, 2016. The dividend was $0.238 per share for the quarter which comes to $0.95 on an annualized basis. This dividend represents a yeild of $4.27 which is the dividend as a percentage of the current share price. The ex-dividend date was Friday the 28th of October 2016.
The stock last traded at $21.71 which is marginally lower than $22.36, the 50 day moving average and barely above the 200 day moving average of $19.91. The 50 day moving average went down $-0.65 or -2.92% whereas the 200 day moving average was up $1.80 or +9.04%.
The P/E ratio is currently 16.89 and the market cap is 1.76B. In the last earnings report the EPS was $1.28 and is projected to be $1.43 for the current year with 81,170,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.29 and the next full year EPS is projected to be $1.43.
A few brokerages have released ratings on the stock of late. On September 28 the company was downgraded from “Buy” to “Not Rated” in an announcement from Goldman Sachs. On September 1, 2016 Mitsubishi UFG starting coverage on the stock with an initial rating of “Overweight”.
Stifel Nicolaus started coverage with a rating of “Buy”. On August 12 Barclays kept the company rating at “Overweight” but raised the price expectation from $18.00 to $21.00.
Equity analyst SunTrust Robinson Humphrey initiated coverage on the stock by announcing an initial rating of “Buy” and establishing a price target of $22.00. May 13 investment analysts at Barclays maintained a stock rating of “Overweight” and moved up the price target to $18.00 from $17.00.