Rose Rock Midstream LP (RRMS) Releases Earnings Results, Beats Expectations By $0.31 EPS

Rose Rock Midstream LP (RRMS) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.56 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.31. Analysts had a consensus of $0.25. The company posted revenue of $203.95 million in the period, 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. 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 .

Rose Rock Midstream LP opened for trading at $16.44 and hit $16.77 on the upside on Wednesday, eventually ending the session at $16.44, with a gain of 0.06% or 0.01 points. The heightened volatility saw the trading volume jump to 1,95,266 shares. Company has a market cap of $605 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.

Rose Rock Midstream LP

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