Rattler Midstream LP (NASDAQ:RTLR) is reporting third quarter earnings results on Wednesday 4th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.21 per share.
For the full year, analysts predict revenues of $ 401.28 million, while looking forward to income of $ 0.81 per share.
Previous Quarter Performance
Rattler Midstream LP unfold income for the second quarter of $ 0.15 per share, from the revenue of $ 88.73 million. Street analysts expected Rattler Midstream LP to report income of $ 0.22 per share on revenue of $ 86.52 million for the second quarter. The bottom line results missed street analysts by $ 0.07 or 31.82 percent, at the same time, top line results outshined analysts by $ 2.21 million or 2.55 percent.
Stock Performance
Shares of Rattler Midstream LP traded up $ 0.14 or 2.30 percent on Tuesday, reaching $ 6.23 with volume of 328.10 thousand shares. Rattler Midstream LP has traded high as $ 6.47 and has cracked $ 6.09 on the downward trend
According to the previous trading day, closing price of $ 6.23, representing a 110.00 % increase from the 52 week low of $ 2.90 and a 66.92 % decrease over the 52 week high of $ 18.41.
The company has a market capital of $ 945.78 million and is part of the Energy sector and Oil & Gas Midstream industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Piper Sandler at Neutral rating, with $ 7.00 target price.
- On 21st September 2020, downgraded by Scotiabank to Sector Perform from Sector Outperform rating.
- On 21st September 2020, maintained by Piper Sandler at Neutral rating, with $ 8.00 target price.
Rattler Midstream LP owns, operates, develops, and acquires midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin in West Texas. The company provides crude oil, natural gas, and water-related midstream services to Diamondback Energy, Inc. It owns and operates 528 miles of crude oil gathering pipelines, natural gas gathering pipelines, and an integrated water system on acreage that overlays Diamondbacks six core Midland and Delaware Basin development areas.
