Rice Midstream Partners (TSE:RMP) “Sector Outperform” Rating Maintained at Scotia Howard Weil; The Target Given is $29.0

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NewYork Rice Midstream Partners TSE:RMP

Rice Midstream Partners (TSE:RMP) Rating Reconfirmed

In an analyst report sent to investors on Tuesday, 11 October, Rice Midstream Partners (TSE:RMP) stock “Sector Outperform” was reiterated by Scotia Howard Weil. They currently have a $29.0 target price on the stock. Scotia Howard Weil’s target price gives a potential upside of 27.19 % from the company’s last price.

TSE:RMP is now trading 0.00% lower at $1.00 as of 02:14 New York time. Rice Midstream Partners’s stock is down -30.56% over the past 200 days. It has underperformed the S&P500 Index, which has surged 4.81% over the same time.

According to data compiled by Thomson Reuters, Rice Midstream Partners (TSE:RMP)’s stock is covered by 15 equity analysts across the Street, with 0 analysts giving it a Sell rating, 0 a Buy rating, while 0 consider it a Hold. The 12-month consensus target price for the stock is $1.1, which reflects an upside potential of 10.00% over the current price.

TSE:RMP Price Chart & Trend

The stock price of Rice Midstream Partners has plunged 30.56% over the last 200 days, and is in strong down trend. In the last 50 and 100 days, Rice Midstream Partners is down 6.54% and down 23.08%, respectively. Our stocks momentum model is shown on the price chart below.Rice Midstream Partners (TSE:RMP) "Sector Outperform" Rating Maintained at Scotia Howard Weil; The Target Given is $29.0

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

RMP Stock Chart

Rice Midstream Partners (TSE:RMP) Profile

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.

Rice Midstream Partners (TSE:RMP) closed at $1 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 917,922 shares. Rice Midstream Partners has a 52 week low of $0.90 and a 52 week high of $2.14. The company has a market cap of $146.57 million and a P/E ratio of 0.

Get the latest Rice Midstream Partners (TSE:RMP) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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