Rattler Midstream (NASDAQ:RTLR) Upgraded to “Buy” by Zacks Investment Research

Rattler Midstream (NASDAQ:RTLR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports. The firm currently has a $18.00 price target on the stock. Zacks Investment Research‘s price target points to a potential upside of 17.04% from the stock’s current price.

According to Zacks, “Rattler Midstream LP owns, operates, develops and acquires midstream infrastructure assets primarily in the Midland and Delaware Basins of the Permian Basin. It provides crude oil, natural gas and water-related midstream services. Rattler Midstream LP is based in Austin, United States. “

A number of other research analysts have also recently commented on the stock. Bank of America upped their target price on shares of Rattler Midstream from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Barclays set a $19.00 price target on shares of Rattler Midstream and gave the company a “hold” rating in a research report on Tuesday, October 15th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $22.14.

Shares of Rattler Midstream stock opened at $15.38 on Tuesday. Rattler Midstream has a 52 week low of $14.01 and a 52 week high of $20.24. The company has a fifty day simple moving average of $15.18. The company has a current ratio of 0.66, a quick ratio of 0.49 and a debt-to-equity ratio of 0.09.

Rattler Midstream (NASDAQ:RTLR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The company had revenue of $115.42 million during the quarter, compared to analysts’ expectations of $107.17 million. Equities analysts forecast that Rattler Midstream will post 1.04 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in shares of Rattler Midstream during the third quarter worth about $29,000. NumerixS Investment Technologies Inc purchased a new stake in Rattler Midstream during the 2nd quarter worth approximately $37,000. Bank of Montreal Can purchased a new stake in Rattler Midstream during the 2nd quarter worth approximately $49,000. US Bancorp DE purchased a new stake in Rattler Midstream during the 2nd quarter worth approximately $52,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Rattler Midstream during the 3rd quarter worth approximately $70,000. 29.16% of the stock is owned by institutional investors.

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