Rattler Midstream LP (NASDAQ:RTLR) Short Interest Update

Rattler Midstream LP (NASDAQ:RTLRGet Rating) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 978,400 shares, a growth of 21.3% from the March 31st total of 806,600 shares. Based on an average daily trading volume, of 345,000 shares, the days-to-cover ratio is presently 2.8 days.

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

Shares of NASDAQ:RTLR opened at $13.88 on Thursday. The company has a market capitalization of $2.03 billion, a PE ratio of 15.95 and a beta of 3.10. 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 business has a fifty day moving average price of $13.82 and a two-hundred day moving average price of $12.52. Rattler Midstream has a 1 year low of $9.51 and a 1 year high of $14.99.

Rattler Midstream (NASDAQ:RTLRGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.01. The firm 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%. Sell-side analysts anticipate that Rattler Midstream will post 1.12 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 14th. Shareholders of record on Monday, March 7th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.65%. The ex-dividend date of this dividend was Friday, March 4th. This is an increase from Rattler Midstream’s previous quarterly dividend of $0.25. Rattler Midstream’s dividend payout ratio is 137.93%.

Large investors have recently made changes to their positions in the business. Moors & Cabot Inc. purchased a new position in shares of Rattler Midstream during the 3rd quarter valued at $39,000. Dorsey Wright & Associates purchased a new position in shares of Rattler Midstream during the 1st quarter valued at $46,000. Barclays PLC lifted its position in shares of Rattler Midstream by 21.1% during the 4th quarter. Barclays PLC now owns 9,143 shares of the company’s stock valued at $104,000 after buying an additional 1,590 shares during the last quarter. Sanders Morris Harris LLC purchased a new position in shares of Rattler Midstream during the 4th quarter valued at $114,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Rattler Midstream during the 4th quarter valued at $118,000. Hedge funds and other institutional investors own 19.84% of the company’s stock.

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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