Morgan Stanley Initiates Coverage on Rose Rock Midstream LP to Equal-weight

Morgan Stanley Initiates Coverage on Rose Rock Midstream LP(NYSE:RRMS). The shares have been rated Equal-weight. The rating by Morgan Stanley was issued on Apr 12, 2016.

In a different note, On Feb 29, 2016, Barclays said it Maintains its rating on Rose Rock Midstream LP. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Equalweight’ by the firm.

Rose Rock Midstream LP (RRMS) shares turned negative on Fridays trading session with the shares closing down -0.27 points or -1.88% at a volume of 60,460. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.52. The peak price level was also seen at $14.52 while the days lowest was $13.77. Finally the shares closed at $14.08. The 52-week high of the shares is $54.06 while the 52-week low is $6.67. According to the latest information available, the market cap of the company is $518 M.

Rose Rock Midstream LP(RRMS) last announced its earnings results on Feb 25, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $245.63M. Analysts had an estimated revenue of $243.30M. Earnings per share were $0.17. Analysts had estimated an EPS of $0.36.

Several Insider Transactions has been reported to the SEC. 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.

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