Rattler Midstream Stock Forecast, Price & News

Rattler Midstream's stock was trading at $5.68 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, RTLR shares have increased by 25.2% and is now trading at $7.11.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rattler Midstream in the last year. There are currently 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Rattler Midstream is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for Rattler Midstream.

Rattler Midstream LP (NASDAQ:RTLR) issued its earnings results on Wednesday, August, 5th. The company reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $88.74 million for the quarter, compared to the consensus estimate of $83.88 million. Rattler Midstream had a return on equity of 3.88% and a net margin of 8.69%.
View Rattler Midstream's earnings history.

Rattler Midstream announced a quarterly dividend on Friday, August 7th. Shareholders of record on Monday, August 17th will be given a dividend of $0.29 per share on Monday, August 24th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 16.32%. The ex-dividend date is Friday, August 14th.
View Rattler Midstream's dividend history.

12 brokerages have issued 12-month price objectives for Rattler Midstream's stock. Their forecasts range from $5.00 to $22.00. On average, they expect Rattler Midstream's share price to reach $11.20 in the next twelve months. This suggests a possible upside of 57.5% from the stock's current price.
View analysts' price targets for Rattler Midstream.

Rattler Midstream saw a decline in short interest in the month of August. As of August 31st, there was short interest totaling 726,200 shares, a decline of 22.1% from the August 15th total of 932,500 shares. Based on an average daily trading volume, of 451,300 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.7% of the shares of the stock are short sold.
View Rattler Midstream's Short Interest.

Some companies that are related to Rattler Midstream include Targa Resources (TRGP), Western Midstream Partners (WES), Antero Midstream (AM), DCP Midstream (DCP), TC Pipelines (TCP), Enable Midstream Partners (ENBL), EnLink Midstream (ENLC), USA Compression Partners (USAC), Archrock (AROC), CNX Midstream Partners (CNXM), Transportadora de Gas del Sur (TGS), Altus Midstream (ALTM) and Summit Midstream Partners (SMLP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Rattler Midstream investors own include Energy Transfer LP Unit (ET), Verizon Communications (VZ), AbbVie (ABBV), Delta Air Lines (DAL), Enterprise Products Partners (EPD), AT&T (T), Southwest Airlines (LUV), Wells Fargo & Company (WFC), Archrock (AROC) and Bristol-Myers Squibb (BMY).

(RTLR) raised $583 million in an initial public offering on Thursday, May 23rd 2019. The company issued 33,300,000 shares at a price of $16.00-$19.00 per share. Credit Suisse, BofA Merrill Lynch, J.P. Morgan, Barclays, Citigroup, Goldman Sachs and Wells Fargo Securities acted as the underwriters for the IPO and Capital One Securities, Scotia Howard Weil, SunTrust Robinson Humphrey, UBS Investment Bank, Evercore ISI, Morgan Stanley, RBC Capital Markets, Simmons Energy (A Division of Piper Jaffray), Tudor, Pickering, Holt, Raymond James, Seaport Global Securities, Northland Capital Markets, PNC Capital Markets and TD Securities were co-managers.

Rattler Midstream trades on the NASDAQ under the ticker symbol "RTLR."

Rattler Midstream's stock is owned by many different institutional and retail investors. Top institutional investors include Brookfield Asset Management Inc. (2.57%), Kayne Anderson Capital Advisors LP (1.46%), Bank of America Corp DE (1.38%), Goldman Sachs Group Inc. (1.05%), Prescott Group Capital Management L.L.C. (0.70%) and CIBC Private Wealth Group LLC (0.64%). Company insiders that own Rattler Midstream stock include Hof Matthew Kaes Van't, Matt Zmigrosky, Steven E West and Travis D Stice.
View institutional ownership trends for Rattler Midstream.

RTLR stock was sold by a variety of institutional investors in the last quarter, including Prescott Group Capital Management L.L.C., CIBC Private Wealth Group LLC, Alyeska Investment Group L.P., FMR LLC, FMR LLC, Federated Hermes Inc., Uniplan Investment Counsel Inc., and Engineers Gate Manager LP.
View insider buying and selling activity for Rattler Midstream.

RTLR stock was acquired by a variety of institutional investors in the last quarter, including Brookfield Asset Management Inc., Kayne Anderson Capital Advisors LP, Blackstone Group Inc, Cadence Capital Management LLC, Duff & Phelps Investment Management Co., Russell Investments Group Ltd., Bank of America Corp DE, and Miller Howard Investments Inc. NY. Company insiders that have bought Rattler Midstream stock in the last two years include Hof Matthew Kaes Van't, Matt Zmigrosky, Steven E West, and Travis D Stice.
View insider buying and selling activity for Rattler Midstream.

Shares of RTLR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of RTLR stock can currently be purchased for approximately $7.11.

Rattler Midstream has a market capitalization of $1.08 billion and generates $447.67 million in revenue each year. The company earns $94.80 million in net income (profit) each year or $0.64 on an earnings per share basis.

The official website for Rattler Midstream is www.rattlermidstream.com.

Rattler Midstream's mailing address is 500 WEST TEXAS AVENUE SUITE 1200, MIDLAND TX, 79701. The company can be reached via phone at 432-221-7400 or via email at [email protected]