Rattler Midstream LP (NASDAQ:RTLR) Given Consensus Rating of “Hold” by Brokerages

Shares of Rattler Midstream LP (NASDAQ:RTLRGet Rating) have been given an average recommendation of “Hold” by the seven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $13.80.

Several research firms recently commented on RTLR. Credit Suisse Group boosted their price objective 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. Raymond James lifted their target price on shares of Rattler Midstream from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 20th. Citigroup lifted their target price on shares of Rattler Midstream from $10.00 to $15.00 in a research note on Friday, March 25th. Finally, Zacks Investment Research cut shares of Rattler Midstream from a “buy” rating to a “hold” rating in a research note on Saturday.

NASDAQ:RTLR opened at $13.01 on Wednesday. The firm’s fifty day moving average price is $13.79 and its 200 day moving average price is $12.54. Rattler Midstream has a 1-year low of $9.51 and a 1-year high of $14.99. 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 market cap of $1.90 billion, a price-to-earnings ratio of 13.99 and a beta of 3.11.

Rattler Midstream (NASDAQ:RTLRGet Rating) last released its quarterly earnings data on Wednesday, February 23rd. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.23 by $0.01. Rattler Midstream had a net margin of 9.65% and a return on equity of 2.97%. The business had revenue of $99.83 million for the quarter, compared to analyst estimates of $91.39 million. As a group, analysts expect that Rattler Midstream will post 0.99 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Friday, May 13th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, May 12th. This represents a $1.20 annualized dividend and a dividend yield of 9.22%. Rattler Midstream’s payout ratio is 129.03%.

Hedge funds have recently modified their holdings of the business. Dorsey Wright & Associates acquired a new position in Rattler Midstream in the 1st quarter worth $46,000. Barclays PLC lifted its holdings in Rattler Midstream by 21.1% in the 4th quarter. Barclays PLC now owns 9,143 shares of the company’s stock worth $104,000 after buying an additional 1,590 shares in the last quarter. Sanders Morris Harris LLC bought a new stake in shares of Rattler Midstream in the 4th quarter worth about $114,000. Cubist Systematic Strategies LLC bought a new stake in shares of Rattler Midstream in the 4th quarter worth about $118,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of Rattler Midstream by 38.5% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 16,200 shares of the company’s stock worth $226,000 after purchasing an additional 4,500 shares during the last quarter. Hedge funds and other institutional investors own 19.84% of the company’s stock.

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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