Chicago Capital Management adds Rose Rock Midstream LP (RRMS) to its portfolio

Rose Rock Midstream LP (RRMS) : Chicago Capital Management added new position in Rose Rock Midstream LP during the most recent quarter end. The investment management firm now holds 22,621 shares of Rose Rock Midstream LP which is valued at $613,708 , the company said in a statement filed on Jul 15, 2016 with the SEC.Rose Rock Midstream LP makes up approximately 0.22% of Chicago Capital Management’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp boosted its stake in RRMS in the latest quarter, The investment management firm added 21,270 additional shares and now holds a total of 28,671 shares of Rose Rock Midstream LP which is valued at $754,621. Rose Rock Midstream LP makes up approx 0.05% of Cutler Group Lp’s portfolio.Creative Planning boosted its stake in RRMS in the latest quarter, The investment management firm added 4,650 additional shares and now holds a total of 14,390 shares of Rose Rock Midstream LP which is valued at $378,745. Bnp Paribas Arbitrage Sa sold out all of its stake in RRMS during the most recent quarter. The investment firm sold 18,785 shares of RRMS which is valued $501,560.

Rose Rock Midstream LP opened for trading at $26.89 and hit $27.37 on the upside on Monday, eventually ending the session at $27.13, with a gain of 0.30% or 0.08 points. The heightened volatility saw the trading volume jump to 58,384 shares. Company has a market cap of $999 M.

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.

Many Wall Street Analysts have commented on Rose Rock Midstream LP. Rose Rock Midstream LP was Initiated by SunTrust to “Neutral” on Jun 15, 2016. Company shares were Reiterated by RBC Capital Mkts on May 10, 2016 to “Outperform”, Firm has raised the Price Target to $ 19 from a previous price target of $15 .

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.

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