FY2022 Earnings Forecast for Rattler Midstream LP Issued By Capital One Financial (NASDAQ:RTLR)

Rattler Midstream LP (NASDAQ:RTLRGet Rating) – Investment analysts at Capital One Financial cut their FY2022 earnings estimates for Rattler Midstream in a report issued on Wednesday, May 4th. Capital One Financial analyst K. May now expects that the company will post earnings of $1.07 per share for the year, down from their previous forecast of $1.13.

A number of other analysts have also recently weighed in on RTLR. Citigroup raised their price target on shares of Rattler Midstream from $10.00 to $15.00 in a report on Friday, March 25th. Raymond James raised their price target on shares of Rattler Midstream from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Wednesday, April 20th. Credit Suisse Group raised their price target on shares of Rattler Midstream from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Monday, March 7th. Finally, Zacks Investment Research raised shares of Rattler Midstream from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, March 2nd. One investment 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. According to data from MarketBeat, Rattler Midstream currently has an average rating of “Hold” and a consensus target price of $14.00.

Shares of Rattler Midstream stock opened at $13.52 on Friday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.08 and a quick ratio of 1.81. Rattler Midstream has a 1 year low of $9.51 and a 1 year high of $14.99. The firm’s 50-day moving average is $13.82 and its two-hundred day moving average is $12.52. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 14.54 and a beta of 3.11.

Rattler Midstream (NASDAQ:RTLRGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $99.83 million for the quarter, compared to the consensus estimate of $91.39 million. Rattler Midstream had a net margin of 9.65% and a return on equity of 2.97%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Friday, May 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.88%. The ex-dividend date of this dividend is Thursday, May 12th. Rattler Midstream’s payout ratio is currently 129.03%.

A number of institutional investors and hedge funds have recently bought and sold shares of RTLR. Marshall Wace LLP raised its position in Rattler Midstream by 330.5% during the 4th quarter. Marshall Wace LLP now owns 632,755 shares of the company’s stock worth $7,200,000 after buying an additional 485,767 shares during the last quarter. Eagle Global Advisors LLC raised its position in Rattler Midstream by 16.0% during the 4th quarter. Eagle Global Advisors LLC now owns 785,408 shares of the company’s stock worth $8,938,000 after buying an additional 108,610 shares during the last quarter. CastleArk Alternatives LLC purchased a new position in Rattler Midstream during the 3rd quarter worth approximately $1,263,000. Morgan Stanley raised its position in Rattler Midstream by 24.9% during the 2nd quarter. Morgan Stanley now owns 358,578 shares of the company’s stock worth $3,915,000 after buying an additional 71,561 shares during the last quarter. Finally, Advisor Group Holdings Inc. raised its position in Rattler Midstream by 359.6% during the 4th quarter. Advisor Group Holdings Inc. now owns 82,729 shares of the company’s stock worth $941,000 after buying an additional 64,729 shares during the last quarter. 19.84% of the stock is owned by institutional investors.

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.

Further Reading

Earnings History and Estimates for Rattler Midstream (NASDAQ:RTLR)

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