Rattler Midstream (NASDAQ:RTLR – Get Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, May 3rd. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Rattler Midstream (NASDAQ:RTLR – Get Rating) last announced its earnings results on Wednesday, February 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The company had revenue of $99.83 million for the quarter, compared to analyst estimates of $91.39 million. Rattler Midstream had a net margin of 9.28% and a return on equity of 2.93%. On average, analysts expect Rattler Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Rattler Midstream stock opened at $13.52 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.08 and a quick ratio of 1.81. The firm has a 50 day simple moving average of $13.79 and a 200 day simple moving average of $12.43. Rattler Midstream has a fifty-two week low of $9.51 and a fifty-two week high of $14.99. The firm has a market cap of $1.97 billion, a P/E ratio of 15.54 and a beta of 3.41.
Institutional investors have recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Rattler Midstream by 21.1% in the 4th quarter. Barclays PLC now owns 9,143 shares of the company’s stock valued at $104,000 after acquiring an additional 1,590 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in Rattler Midstream during the fourth quarter valued at approximately $118,000. Guggenheim Capital LLC bought a new stake in Rattler Midstream in the fourth quarter valued at approximately $202,000. Wells Fargo & Company MN raised its holdings in Rattler Midstream by 115.6% in the fourth quarter. Wells Fargo & Company MN now owns 24,799 shares of the company’s stock worth $282,000 after purchasing an additional 13,299 shares during the period. Finally, LPL Financial LLC boosted its position in shares of Rattler Midstream by 169.8% during the third quarter. LPL Financial LLC now owns 27,340 shares of the company’s stock worth $321,000 after purchasing an additional 17,205 shares in the last quarter. Institutional investors own 20.96% of the company’s stock.
A number of equities research analysts have recently weighed in on RTLR shares. Citigroup boosted their target price on Rattler Midstream from $10.00 to $15.00 in a research report on Friday, March 25th. Raymond James upped their target price on shares of Rattler Midstream from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Wednesday, April 20th. Credit Suisse Group lifted their price target on shares of Rattler Midstream from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, March 7th. Finally, Zacks Investment Research upgraded shares of Rattler Midstream from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Wednesday, March 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $14.00.
Rattler Midstream Company Profile (Get Rating)
Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin. The company provides crude oil and water-related midstream services. As of December 31, 2021, it owned and operated 866 miles of crude oil, sourced water, and produced water gathering pipelines on acreage that overlays Diamondback Energy, Inc's core Midland and Delaware Basin development areas.
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