$0.26 EPS Expected for Rattler Midstream LP (NASDAQ:RTLR) This Quarter

Brokerages forecast that Rattler Midstream LP (NASDAQ:RTLRGet Rating) will report earnings per share of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Rattler Midstream’s earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.26. Rattler Midstream reported earnings of $0.16 per share during the same quarter last year, which would suggest a positive year over year growth rate of 62.5%. The business is scheduled to report its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Rattler Midstream will report full year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.10 to $1.13. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.28 per share, with EPS estimates ranging from $1.21 to $1.34. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Rattler Midstream.

Rattler Midstream (NASDAQ:RTLRGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $99.83 million during the quarter, compared to the consensus estimate of $91.39 million. Rattler Midstream had a return on equity of 2.93% and a net margin of 9.28%.

RTLR has been the topic of a number of research reports. Credit Suisse Group raised their price objective on Rattler Midstream from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, March 7th. Citigroup increased their price objective on Rattler Midstream from $10.00 to $15.00 in a report on Friday, March 25th. Raymond James increased their price objective on Rattler Midstream from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Wednesday, April 20th. Finally, Zacks Investment Research upgraded Rattler Midstream from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, March 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Rattler Midstream has a consensus rating of “Hold” and a consensus price target of $14.00.

Several institutional investors and hedge funds have recently bought and sold shares of RTLR. Marshall Wace LLP grew its position in Rattler Midstream by 330.5% during the fourth quarter. Marshall Wace LLP now owns 632,755 shares of the company’s stock valued at $7,200,000 after buying an additional 485,767 shares during the period. Eagle Global Advisors LLC boosted its position in shares of Rattler Midstream by 16.0% during the fourth quarter. Eagle Global Advisors LLC now owns 785,408 shares of the company’s stock worth $8,938,000 after acquiring an additional 108,610 shares during the last quarter. CastleArk Alternatives LLC bought a new position in shares of Rattler Midstream during the third quarter worth $1,263,000. Morgan Stanley boosted its position in shares of Rattler Midstream by 24.9% during the second quarter. Morgan Stanley now owns 358,578 shares of the company’s stock worth $3,915,000 after acquiring an additional 71,561 shares during the last quarter. Finally, Advisor Group Holdings Inc. boosted its position in shares of Rattler Midstream by 359.6% during the fourth quarter. Advisor Group Holdings Inc. now owns 82,729 shares of the company’s stock worth $941,000 after acquiring an additional 64,729 shares during the last quarter. 20.96% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ RTLR opened at $13.45 on Monday. The business has a 50-day simple moving average of $13.80 and a two-hundred day simple moving average of $12.48. Rattler Midstream has a 52 week low of $9.51 and a 52 week high of $14.99. The company has a market cap of $1.96 billion, a P/E ratio of 15.46 and a beta of 3.41. The company has a quick ratio of 1.81, a current ratio of 2.08 and a debt-to-equity ratio of 0.59.

The business also recently declared a quarterly dividend, which was paid on Monday, March 14th. Stockholders of record on Monday, March 7th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.92%. The ex-dividend date of this dividend was Friday, March 4th. This is a positive change from Rattler Midstream’s previous quarterly dividend of $0.25. Rattler Midstream’s payout ratio is currently 137.93%.

About Rattler Midstream (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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