Rice Midstream Partners (TSE:RMP) Downgrade of Rating

Rice Midstream Partners (TSE:RMP) was downgraded by stock research analysts at Scotia Howard Weil from “Sector Outperform” rating to “Sector Perform” rating in an analyst report shared with investors and clients on Monday morning.

The rating downgrade was most probably noticed by investors, as TSE:RMP is currently trading 0.00% lower at $0.58 as of 12:01 AM New York time. Rice Midstream Partners’s stock is 0% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 6.00% in the same time.

Out of 13 brokers 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 32.76% over the current price.

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 $0.58 yesterday. A total of shares of the company’s stock traded hands. This is down from average of 241,596 shares. Rice Midstream Partners has a 52 week low of $0.52 and a 52 week high of $1.29. The company has a market cap of $97.70M 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.

The post Toronto: Rice Midstream Partners (TSE:RMP) Rating Decreased to “Sector Perform” by Scotia Howard Weil. Lost Its “Sector Outperform” Rating appeared first on Octafinance.