Rice Midstream Partners LP(RMP) Declares Dividend of $0.2505.

Rice Midstream Partners LP (RMP) had declared a cash dividend of $0.2505 on Jan 20, 2017. The shares will quote ex-dividend on Feb 3, 2017 and the record date has been fixed for Feb 7, 2017. Based on Feb 3, 2017 share price, the yield comes out to be 4.25%. The dividend payable date has been fixed on Feb 16, 2017.

Rice Midstream Partners LP (RMP) shares turned negative on Tuesdays trading session with the shares closing down -0.3 points or -1.19% at a volume of 1,68,046. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.32. The peak price level was also seen at $25.32 while the days lowest was $24.4743. Finally the shares closed at $24.82. The 52-week high of the shares is $25.71 while the 52-week low is $9.06. According to the latest information available, the market cap of the company is $2,529 M.

Rice Midstream Partners LP(RMP) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $46.55M. Analysts had an estimated revenue of $39.23M. Earnings per share were $0.38. Analysts had estimated an EPS of $0.26.

Several Insider Transactions has been reported to the SEC. On Nov 8, 2016, James Wilmot Rogers (officer ) purchased 4,000 shares at $21.10 per share price.Also, On Aug 21, 2015, Grayson T. Lisenby (officer ) purchased 3,500 shares at $15.90 per share price.On Mar 17, 2015, William E. Jordan (officer ) purchased 2,500 shares at $13.92 per share price, according to the Form-4 filing with the securities and exchange commission.

Rice Midstream Partners LP is a limited partnership that owns operates develops and acquires midstream assets in the Appalachian Basin. The Company is engaged in oil and natural gas gathering and processing. The Company’s assets consist of natural gas gathering and compression assets servicing producers in the developing dry gas core of the Marcellus Shale in southwestern Pennsylvania. The Company provides its services under long-term fixed-fee contracts primarily to Rice Energy Inc. in one of its core operating areas. The Company’s assets consisted of: a 2.8 million of dekatherms per day high-pressure dry gas gathering system and associated compression in Washington County Pennsylvania and a 420 million of dekatherms per day high-pressure dry gas gathering system in Greene County Pennsylvania.

Share this post

Leave a Reply