Rattler Midstream - RTLR Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rattler Midstream in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" RTLR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RTLR, but not buy additional shares or sell existing shares.
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3 Wall Street research analysts have issued 1-year price objectives for Rattler Midstream's stock. Their RTLR share price forecasts range from $14.00 to $16.00. On average, they anticipate the company's share price to reach $14.75 in the next twelve months. This suggests a possible upside of 3.9% from the stock's current price.
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Rattler Midstream's stock was trading at $11.38 at the beginning of 2022. Since then, RTLR stock has increased by 24.8% and is now trading at $14.20.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our RTLR earnings forecast.

Rattler Midstream LP (NASDAQ:RTLR) issued its quarterly earnings results on Wednesday, November, 3rd. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by $0.02. The company earned $96.57 million during the quarter, compared to analyst estimates of $102.61 million. Rattler Midstream had a trailing twelve-month return on equity of 3.28% and a net margin of 9.46%. During the same period last year, the business posted $0.20 earnings per share.

Rattler Midstream declared a quarterly dividend on Wednesday, July 27th. Stockholders of record on Tuesday, August 16th will be paid a dividend of $0.30 per share on Tuesday, August 23rd. This represents a $1.20 annualized dividend and a dividend yield of 8.45%. The ex-dividend date is Monday, August 15th.
Read our dividend analysis for RTLR.

Rattler Midstream (NASDAQ:RTLR) pays an annual dividend of $1.20 per share and currently has a dividend yield of 8.46%. RTLR has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 129.03%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, RTLR will have a dividend payout ratio of 118.81% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for RTLR.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rattler Midstream investors own include Energy Transfer (ET), Verizon Communications (VZ), AbbVie (ABBV), Delta Air Lines (DAL), Enterprise Products Partners (EPD), AT&T (T), Southwest Airlines (LUV), Pfizer (PFE), Suncor Energy (SU) and USA Compression Partners (USAC).

(RTLR) raised $583 million in an initial public offering (IPO) on Thursday, May 23rd 2019. The company issued 33,300,000 shares at $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 a variety of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (2.22%), Clearbridge Investments LLC (2.16%), Mirae Asset Global Investments Co. Ltd. (1.18%), Millennium Management LLC (0.38%), CIBC Private Wealth Group LLC (0.37%) and Macquarie Group Ltd. (0.18%). Insiders that own company stock include Hof Matthew Kaes Van't and Steven E West.
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Shares of RTLR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RTLR stock can currently be purchased for approximately $14.20.

Rattler Midstream (NASDAQ:RTLR) has a market capitalization of $2.07 billion and generates $396.34 million in revenue each year. The company earns $36.78 million in net income (profit) each year or $0.93 on an earnings per share basis.

The company employs 2,020 workers across the globe.

Rattler Midstream's mailing address is 500 WEST TEXAS AVENUE SUITE 1200, MIDLAND TX, 79701. The official website for the company is www.rattlermidstream.com. The company can be reached via phone at (432) 221-7400, via email at ir@rattlermidstream.com, or via fax at 432-221-7498.