Rattler Midstream (NASDAQ:RTLR) Downgraded by BidaskClub to “Hold”

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BidaskClub cut shares of Rattler Midstream (NASDAQ:RTLR) from a buy rating to a hold rating in a research note published on Saturday, BidAskClub reports.

Several other research analysts have also recently commented on the company. Citigroup reduced their target price on Rattler Midstream from $19.00 to $8.00 and set a neutral rating for the company in a research report on Tuesday, May 19th. SunTrust Banks reduced their target price on Rattler Midstream from $11.00 to $8.00 and set a hold rating for the company in a research report on Wednesday, April 22nd. Capital One Financial cut Rattler Midstream from an overweight rating to an equal weight rating in a report on Wednesday, April 29th. Credit Suisse Group cut their price objective on Rattler Midstream from $12.00 to $10.00 and set an outperform rating for the company in a report on Friday, March 20th. Finally, Northland Securities reissued a buy rating on shares of Rattler Midstream in a report on Thursday, May 7th. One analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. Rattler Midstream currently has a consensus rating of Hold and a consensus price target of $10.61.

Shares of RTLR stock opened at $9.70 on Friday. The stock has a market cap of $1.35 billion and a P/E ratio of 10.54. Rattler Midstream has a one year low of $2.90 and a one year high of $20.24. The stock has a fifty day moving average price of $9.35 and a 200 day moving average price of $10.94. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.81 and a quick ratio of 0.63.

Rattler Midstream (NASDAQ:RTLR) last issued its earnings results on Wednesday, May 6th. The company reported $0.28 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.01). The firm had revenue of $129.40 million during the quarter, compared to the consensus estimate of $118.34 million. Rattler Midstream had a return on equity of 3.74% and a net margin of 8.68%. Equities research analysts anticipate that Rattler Midstream will post 0.91 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. raised its holdings in shares of Rattler Midstream by 14.0% in the first quarter. Citigroup Inc. now owns 59,189 shares of the company’s stock valued at $206,000 after buying an additional 7,275 shares during the last quarter. Vident Investment Advisory LLC bought a new position in shares of Rattler Midstream in the first quarter valued at about $71,000. Harvest Fund Advisors LLC bought a new position in shares of Rattler Midstream in the first quarter valued at about $1,217,000. Waddell & Reed Financial Inc. raised its holdings in shares of Rattler Midstream by 10.8% in the first quarter. Waddell & Reed Financial Inc. now owns 1,876,360 shares of the company’s stock valued at $6,530,000 after buying an additional 182,485 shares during the last quarter. Finally, Arizona State Retirement System bought a new position in shares of Rattler Midstream in the first quarter valued at about $36,000. 28.10% of the stock is owned by institutional investors and hedge funds.

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Analyst Recommendations for Rattler Midstream (NASDAQ:RTLR)

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