BMO Capital Reiterates Their Buy Rating on Rice Midstream Partners

By Carrie Williams

In a report released yesterday, Phillip Jungwirth from BMO Capital reiterated a Buy rating on Rice Midstream Partners (NYSE: RMP), with a price target of $22.

According to, Jungwirth is a 4-star analyst with an average return of 9.1% and a 61.2% success rate. Jungwirth covers the Basic Materials sector, focusing on stocks such as Centennial Resource Development Inc, Sanchez Energy Corporation, and Whiting Petroleum Corp.

Rice Midstream Partners has an analyst consensus of Moderate Buy, with a price target consensus of $22.50.

Based on Rice Midstream Partners’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $81.7 million and quarterly net profit of $49.51 million. In comparison, last year the company earned revenue of $59.47 million and had a net profit of $33.37 million.

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Rice Midstream Partners LP owns, operates, develops, and acquires midstream assets in the Appalachian Basin. It operates its business through the Gathering and Compression and Water Services segments. The Gathering and Compression segment provides natural gas gathering and compression services for Rice Energy and third parties in the Appalachian Basin.