Rattler Midstream LP Fiscal Year 2022 Earnings Forecast Released by Capital One Financial (NASDAQ:RTLR)

Rattler Midstream LP (NASDAQ: RTLR – Get a rating) – Capital One Financial research analysts cut their fiscal year 2022 earnings estimates for Rattler Midstream in a note to investors on Wednesday, May 4. Capital One Financial analyst K. May now expects the company to post earnings of $1.07 per share for the year, down from its previous estimate of $1.13. Rattler Midstream (NASDAQ:RTLR – Get a rating) last released its quarterly earnings data on Wednesday, February 23. The company reported EPS of $0.24 for the quarter, beating the consensus estimate of $0.23 by $0.01. The company posted revenue of $99.83 million for the quarter, versus a consensus estimate of $91.39 million. Rattler Midstream had a return on equity of 2.97% and a net margin of 9.65%.

Several other analysts have also recently commented on the company. Citigroup raised its price target on Rattler Midstream from $10.00 to $15.00 in a Friday, March 25 research note. Credit Suisse Group raised its price target on Rattler Midstream from $13.00 to $14.00 and gave the stock a “neutral” rating in a Monday, March 7 research note. Raymond James raised his price target on Rattler Midstream from $15.00 to $16.00 and gave the stock an “outperform” rating in a Wednesday, April 20 research note. To finish, Zacks Investment Research upgraded Rattler Midstream from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a Wednesday, March 2 research note. One analyst rated the stock with a sell rating, one gave the company a hold rating and three assigned a buy rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $14.00.

Shares of Rattler Midstream opened at $13.52 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of 14.54 and a beta of 3.11. Rattler Midstream has a 12-month low of $9.51 and a 12-month high of $14.99. The company has a current ratio of 2.08, a quick ratio of 1.81 and a debt ratio of 0.59. The stock’s fifty-day simple moving average is $13.82 and its 200-day simple moving average is $12.52.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 20. Shareholders of record on Friday, May 13 will receive a dividend of $0.30. This represents an annualized dividend of $1.20 and a dividend yield of 8.88%. The ex-date of this dividend is Thursday, May 12. Rattler Midstream’s dividend payout ratio is 129.03%.

Several hedge funds and other institutional investors have recently changed their positions in RTLR. Moors & Cabot Inc. bought a new stock position in Rattler Midstream in Q3 valued at around $39,000. Dorsey Wright & Associates bought a new position in shares of Rattler Midstream in Q1 worth approximately $46,000. Barclays PLC increased its holdings of Rattler Midstream shares by 21.1% in the fourth quarter. Barclays PLC now owns 9,143 shares in the company valued at $104,000 after acquiring a further 1,590 shares in the last quarter. Sanders Morris Harris LLC bought a new stock position in Rattler Midstream in Q4, valued at around $114,000. Finally, Cubist Systematic Strategies LLC bought a new stock position in Rattler Midstream in Q4 valued at around $118,000. Institutional investors hold 19.84% of the company’s shares.

Rattler Midstream Company Profile (Get a 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 midstream services related to crude oil and water. As of December 31, 2021, it owned and operated 866 miles of crude oil, sourced water and produced water gathering pipelines over an area that spans Diamondback Energy’s core Midland and Delaware Basin development areas, Inc.

Further reading

Earnings history and estimates for Rattler Midstream (NASDAQ:RTLR)

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