SunTrust Decreases Rice Midstream Partners (TSE:RMP) Rating to Hold from Buy

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SunTrust Analyst Rating Change Rice Midstream Partners TSE:RMP

Rice Midstream Partners (TSE:RMP) Rating Change

In a report made public on 19 June, SunTrust downgraded shares of Rice Midstream Partners (TSE:RMP) to Hold rating from Buy rating.

Despite this rating downgrade TSE:RMP is currently trading 1.64% higher at $0.62 as of 4:02 AM New York time. Rice Midstream Partners’s stock is 0% in the last 200 days. It has underperformed the S&P 500, which has surged 6.00% in the same time period.

Out of 13 analysts covering Rice Midstream Partners, 5 rate it a Buy, 8 indicate a Hold while 0 suggest a Sell. The highest target is $1.04 and the lowest is $0.59 according to Thomson/First Call. The 12-month mean target is $0.77, which means upside potential of 24.19% over the current price.

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) traded up 1.64% on 19 June, hitting $0.62. A total of 73,370 shares of the company’s stock traded hands. This is down from average of 221,328 shares. Rice Midstream Partners has a 52 week low of $0.61 and a 52 week high of $1.34. The company has a market cap of $92.12 million and a P/E ratio of 0.

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