Brokerages expect Rattler Midstream LP (NASDAQ:RTLR) to report sales of $111.32 million for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Rattler Midstream’s earnings, with the highest sales estimate coming in at $118.70 million and the lowest estimate coming in at $106.00 million. The firm is scheduled to report its next quarterly earnings report after the market closes on Tuesday, February 18th.
On average, analysts expect that Rattler Midstream will report full-year sales of $427.93 million for the current year, with estimates ranging from $419.00 million to $441.00 million. For the next fiscal year, analysts forecast that the business will post sales of $517.26 million, with estimates ranging from $483.00 million to $548.80 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Rattler Midstream.
Rattler Midstream (NASDAQ:RTLR) last released its earnings results on Wednesday, November 6th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $115.42 million during the quarter, compared to analyst estimates of $107.17 million.
Rattler Midstream stock traded down $0.27 during mid-day trading on Monday, reaching $16.62. The stock had a trading volume of 77,523 shares, compared to its average volume of 358,251. 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 has a fifty-two week low of $14.01 and a fifty-two week high of $20.24. The stock’s 50-day simple moving average is $17.15 and its 200-day simple moving average is $17.16.
Several large investors have recently made changes to their positions in RTLR. Nelson Van Denburg & Campbell Wealth Management Group LLC purchased a new position in shares of Rattler Midstream during the third quarter valued at approximately $29,000. NumerixS Investment Technologies Inc purchased a new position in shares of Rattler Midstream during the second quarter valued at approximately $37,000. Bank of Montreal Can purchased a new position in shares of Rattler Midstream during the second quarter valued at approximately $49,000. US Bancorp DE purchased a new position in shares of Rattler Midstream during the second quarter valued at approximately $52,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in shares of Rattler Midstream during the third quarter valued at approximately $70,000. 29.16% of the stock is currently owned by institutional investors.
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