Rose Rock Midstream LP (RRMS) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 19 from a previous price target of $15 . RBC Capital Mkts advised their investors in a research report released on May 10, 2016.
Many Wall Street Analysts have commented on Rose Rock Midstream LP. Company shares were Reiterated by RBC Capital Mkts on Mar 8, 2016 to “Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .Shares were Reiterated by Barclays on Feb 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 15 from a previous price target of $16 .
On the company’s financial health, Rose Rock Midstream LP reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.31 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.25. The company had revenue of $203.95 million for the quarter, compared to analysts expectations of $236.05 million. The company’s revenue was up 51.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
Rose Rock Midstream LP opened for trading at $18.58 and hit $20 on the upside on Friday, eventually ending the session at $17.8, with a gain of 3.49% or 0.6 points. The heightened volatility saw the trading volume jump to 2,93,593 shares. Company has a market cap of $655 M.
In a different news, on Jun 17, 2015, Peter L Schwiering (COO & Director of GP) sold 5,000 shares at $50.00 per share price.
Rose Rock Midstream L.P. (Rose Rock) owns operates develops and acquires diversified portfolio of midstream energy assets. The Company is engaged in providing midstream energy related services such as crude oil gathering transportation storage distribution and marketing in Colorado Kansas Louisiana Montana New Mexico North Dakota Ohio Oklahoma Texas and Wyoming. The Company is managed and operated by its general partner Rose Rock Midstream GP LLC (Rose Rock GP) which is a wholly owned subsidiary of SemGroup Corporation (SemGroup). Its assets and operations include: Cushing Storage Kansas and Oklahoma System Bakken Shale Operations Crude Oil Trucking and Platteville Facility.