RBC Capital analyst T J Schultz maintained a Buy rating on Rattler Midstream (NASDAQ:RTLR) LP on Monday, setting a price target of $13, which is approximately 21.95% above the present share price of $10.66.
J Schultz expects Rattler Midstream LP to post earnings per share (EPS) of $0.28 for the second quarter of 2020.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Rattler Midstream, with an average price target of $8.67.
The analysts price targets range from a high of $13 to a low of $5.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $129.4 million and a net profit of $62.81 million. The company's market cap is $1.57 billion.
According to TipRanks.com, RBC Capital analyst T J Schultz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.3% and a 60.81% success rate.
Rattler Midstream LP is a holding company, which engages in the operation, development and acquisition of midstream infrastructure assets in the Midland and Delaware Basins of the Permian Basin. It provides crude oil, natural gas, and water-related midstream services including fresh water sourcing and transportation and saltwater gathering and disposal. The firm operates through the following segments: Midstream Services and Real Estate Operations. The company was founded in July 2018 and is headquartered in Midland, TX.