SunTrust Robinson Humphrey Initiates Coverage on Rose Rock Midstream LP to Neutral

SunTrust Robinson Humphrey Initiates Coverage on Rose Rock Midstream LP(NYSE:RRMS). The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Jun 15, 2016.

In a different note, On Apr 8, 2016, Citigroup said it Maintains its rating on Rose Rock Midstream LP. In the research note, the firm Raises the price-target to $6.00 per share. The shares have been rated ‘Neutral’ by the firm. On Apr 7, 2016, Citigroup said it Maintains its rating on Rose Rock Midstream LP. In the research note, the firm Raises the price-target to $6.00 per share. The shares have been rated ‘Neutral’ by the firm.

Rose Rock Midstream LP (RRMS) made into the market gainers list on Tuesdays trading session with the shares advancing 1.63% or 0.4 points. Due to strong positive momentum, the stock ended at $25, which is also near the day’s high of $25.09. The stock began the session at $24.51 and the volume stood at 2,07,231 shares. The 52-week high of the shares is $49.59 and the 52 week low is $6.67. The company has a current market capitalization of $921 M and it has 3,68,37,758 shares in outstanding.

Rose Rock Midstream LP(RRMS) last announced its earnings results on May 5, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $203.95M. Analysts had an estimated revenue of $238.24M. Earnings per share were $0.56. Analysts had estimated an EPS of $0.27.

Several Insider Transactions has been reported to the SEC. On Jun 17, 2015, Peter L Schwiering (COO & Director of GP) sold 5,000 shares at $50.00 per share price.

Rose Rock Midstream L.P. (Rose Rock) owns operates develops and acquires diversified portfolio of midstream energy assets. The Company is engaged in providing midstream energy related services such as crude oil gathering transportation storage distribution and marketing in Colorado Kansas Louisiana Montana New Mexico North Dakota Ohio Oklahoma Texas and Wyoming. The Company is managed and operated by its general partner Rose Rock Midstream GP LLC (Rose Rock GP) which is a wholly owned subsidiary of SemGroup Corporation (SemGroup). Its assets and operations include: Cushing Storage Kansas and Oklahoma System Bakken Shale Operations Crude Oil Trucking and Platteville Facility.

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