Rattler Midstream LP (NASDAQ:RTLR) Expected to Announce Quarterly Sales of $111.32 Million

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.

RTLR has been the subject of a number of research reports. Zacks Investment Research cut Rattler Midstream from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Barclays set a $19.00 price objective on Rattler Midstream and gave the company a “hold” rating in a research note on Tuesday, October 15th. Wells Fargo & Co cut Rattler Midstream from an “overweight” rating to an “equal weight” rating and set a $18.00 price objective for the company. in a research note on Tuesday, January 7th. They noted that the move was a valuation call. Finally, Bank of America raised their price objective on Rattler Midstream from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $22.00.

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.

Further Reading: Guidelines for Successful Channel Trading

Get a free copy of the Zacks research report on Rattler Midstream (RTLR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Rattler Midstream (NASDAQ:RTLR)

Receive News & Ratings for Rattler Midstream Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rattler Midstream and related companies with MarketBeat.com's FREE daily email newsletter.