Rattler Midstream (RTLR) Scheduled to Post Earnings on Wednesday

Posted by MarketBeat News on Aug 1st, 2022

Rattler Midstream (NASDAQ:RTLR – Get Rating) will post its quarterly earnings results after the market closes on Wednesday, August 3rd. Analysts expect Rattler Midstream to post earnings of $0.23 per share for the quarter.

Rattler Midstream (NASDAQ:RTLR – Get Rating) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.07). Rattler Midstream had a return on equity of 2.98% and a net margin of 9.65%. The business had revenue of $103.46 million during the quarter, compared to analyst estimates of $98.38 million. On average, analysts expect Rattler Midstream to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rattler Midstream Trading Up 3.4 %

NASDAQ:RTLR opened at $14.36 on Monday. The business’s 50-day simple moving average is $14.65 and its 200 day simple moving average is $13.86. Rattler Midstream has a one year low of $9.99 and a one year high of $18.22. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 15.44 and a beta of 3.02. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 1.56.

Rattler Midstream Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 20th. Shareholders of record on Friday, May 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 8.36%. The ex-dividend date was Thursday, May 12th. Rattler Midstream’s payout ratio is currently 129.03%.

Analysts Set New Price Targets

Separately, Raymond James upped their price objective on Rattler Midstream from $15.00 to $16.00 and gave the company an “outperform” rating in a research note on Wednesday, April 20th.

Institutional Trading of Rattler Midstream

Several institutional investors and hedge funds have recently bought and sold shares of RTLR. Raymond James Trust N.A. acquired a new stake in shares of Rattler Midstream during the 1st quarter worth approximately $149,000. Beacon Pointe Advisors LLC acquired a new stake in shares of Rattler Midstream during the 1st quarter worth approximately $150,000. Engineers Gate Manager LP acquired a new stake in shares of Rattler Midstream during the 1st quarter worth approximately $213,000. Envestnet Asset Management Inc. acquired a new stake in shares of Rattler Midstream during the 1st quarter worth approximately $251,000. Finally, Lido Advisors LLC acquired a new stake in shares of Rattler Midstream during the 1st quarter worth approximately $265,000. Institutional investors and hedge funds own 19.84% of the company’s stock.

About Rattler Midstream

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Rattler Midstream LP owns, operates, develops, and acquires midstream and energy-related infrastructure assets in the Midland and Delaware Basins of the Permian Basin. The company provides crude oil and water-related midstream services. As of December 31, 2021, it owned and operated 866 miles of crude oil, sourced water, and produced water gathering pipelines on acreage that overlays Diamondback Energy, Inc's core Midland and Delaware Basin development areas.