Rose Rock Midstream LP (RRMS) is Initiated by SunTrust to Neutral

Rose Rock Midstream LP (RRMS) was Initiated by SunTrust to “Neutral”. SunTrust advised their investors in a research report released on Jun 15, 2016.

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 .

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 closed down -0.21 points or -0.86% at $24.18 with 1,78,917 shares getting traded on Tuesday. Post opening the session at $24.02, the shares hit an intraday low of $23.33 and an intraday high of $24.5943 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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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