Rattler Midstream (NASDAQ: RTLR) upgraded by Raymond James to “outperform”
Rattler Midstream (NASDAQ: RTLR) was outclassed by Raymond James from a “market performance” rating to an “outperformance” rating in a report published on Wednesday, Benzinga reports. The brokerage currently has a price target of $ 13.00 on the share. Raymond James’ target price indicates a potential rise of 21.27% from the stock’s previous close.
A number of other equity analysts have also recently published reports on the RTLR. Citigroup raised its price target on Rattler Midstream shares from $ 81.00 to $ 100.00 in a research report on Wednesday, April 14. JPMorgan Chase & Co. raised its price target on Rattler Midstream shares from $ 12.00 to $ 13.00 and assigned the stock an “overweight” rating in a research report on Tuesday, February 16. TheStreet reduced Rattler Midstream’s shares from a “c-” rating to a “d +” rating in a research report on Thursday, April 8. To finish, Zacks investment research upgraded Rattler Midstream shares from a “strong sell” rating to a “sustain” rating in a research report on Wednesday, March 3. Nine analysts rated the stock with a sustaining rating and five issued a buy rating to the company. The stock currently has an average hold rating and a consensus target price of $ 18.55.
Actions of Rattler Midstream Stock open at $ 10.72 Wednesday. The company has a 50-day moving average of $ 10.89 and a 200-day moving average of $ 9.32. Rattler Midstream has a one-year low of $ 4.88 and a one-year high of $ 11.80. The company has a current ratio of 1.92, a quick ratio of 1.67 and a debt ratio of 0.49. The company has a market cap of $ 1.60 billion, a PE ratio of 13.40, a price / earnings-growth ratio of 0.26, and a beta of 4.47.
Rattler Midstream (NASDAQ: RTLR) last released its quarterly results on Wednesday, February 24. The company reported earnings per share of $ 0.22 for the quarter, missing the Zacks consensus estimate of $ 0.24 of ($ 0.02). Rattler Midstream had a return on equity of 3.63% and a net margin of 8.53%. The company posted revenue of $ 109.24 million for the quarter, compared to the consensus estimate of $ 93.46 million. Research analysts predict that Rattler Midstream will post 0.89 earnings per share for the current year.
Institutional investors and hedge funds have recently bought and sold shares in the company. Advisory Services Network LLC increased its position in Rattler Midstream shares by 53.1% during the fourth quarter. Advisory Services Network LLC now owns 14,408 shares of the company valued at $ 137,000 after purchasing an additional 5,000 shares during the period. AE Wealth Management LLC increased its stake in Rattler Midstream by 42.3% in the fourth quarter. AE Wealth Management LLC now owns 24,613 shares of the company valued at $ 233,000 after acquiring an additional 7,318 shares in the last quarter. Wells Fargo & Company MN increased its stake in Rattler Midstream by 5.1% in the fourth quarter. Wells Fargo & Company MN now owns 28,600 shares of the company valued at $ 271,000 after acquiring an additional 1,378 shares in the last quarter. Vident Investment Advisory LLC increased its stake in Rattler Midstream by 5.8% in the fourth quarter. Vident Investment Advisory LLC now owns 35,054 shares of the company valued at $ 332,000 after acquiring an additional 1,929 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in Rattler Midstream by 11.0% during the first quarter. Pacer Advisors Inc. now owns 33,043 shares of the company valued at $ 351,000 after acquiring an additional 3,266 shares in the last quarter. Institutional investors hold 24.99% of the company’s shares.
About Rattler Midstream
Rattler Midstream LP owns, operates, develops and acquires intermediate and energy-related infrastructure assets in the Midland and Delaware basins of the Permian Basin in West Texas. The company operates in two segments, intermediary services and real estate operations. It provides intermediary services related to crude oil, natural gas and water.
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