Rice Midstream Partners LP (RMP) Forms $17.93 Double Bottom; 12 Analysts Bullish Praxair, Inc. (PX)

Praxair, Inc. (NYSE:PX) Logo

Rice Midstream Partners LP (RMP) formed double bottom with $16.50 target or 8.00% below today’s $17.93 share price. Rice Midstream Partners LP (RMP) has $1.83 billion valuation. The stock increased 1.30% or $0.23 during the last trading session, reaching $17.93. About 383,842 shares traded. Rice Midstream Partners LP (NYSE:RMP) has declined 28.62% since May 17, 2017 and is downtrending. It has underperformed by 40.17% the S&P500.

Among 24 analysts covering Praxair (NYSE:PX), 12 have Buy rating, 3 Sell and 9 Hold. Therefore 50% are positive. Praxair had 54 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Praxair, Inc. (NYSE:PX) has “Buy” rating given on Monday, November 13 by Argus Research. Jefferies maintained it with “Buy” rating and $14000 target in Tuesday, May 30 report. The stock of Praxair, Inc. (NYSE:PX) earned “Buy” rating by Citigroup on Tuesday, April 10. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, May 2 report. The rating was upgraded by Zacks on Wednesday, August 12 to “Sell”. The firm earned “Buy” rating on Tuesday, December 19 by Deutsche Bank. As per Wednesday, January 13, the company rating was upgraded by Seaport Global Securities. The firm earned “Neutral” rating on Wednesday, October 7 by Susquehanna. The firm has “Neutral” rating by Bank of America given on Saturday, January 7. CLSA maintained the shares of PX in report on Tuesday, August 2 with “Outperform” rating. See Praxair, Inc. (NYSE:PX) latest ratings:

30/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $163 New Target: $177 Maintain
10/04/2018 Broker: Citigroup Old Rating: Buy New Rating: Buy Old Target: $188 New Target: $163 Maintain
27/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $159.0000 Initiate
31/01/2018 Broker: Seaport Global Rating: Hold New Target: $165.0 Maintain
31/01/2018 Broker: Susquehanna Rating: Buy New Target: $208.0 Maintain
26/01/2018 Broker: Barclays Capital Rating: Hold New Target: $170.0
26/01/2018 Broker: Citigroup Rating: Buy New Target: $188.0
25/01/2018 Broker: SunTrust Rating: Buy New Target: $185.0 Maintain
23/01/2018 Broker: Raymond James Old Rating: Strong Buy New Rating: Outperform Downgrade
17/01/2018 Broker: Seaport Global Rating: Hold New Target: $155.0 Maintain

Praxair, Inc. produces and distributes industrial gases. The company has market cap of $45.69 billion. It operates through North America, Europe, South America, Asia, and Surface Technologies divisions. It has a 36.81 P/E ratio. The firm offers atmospheric gases, such as oxygen, nitrogen, argon, and rare gases; and process gases comprising carbon dioxide, helium, hydrogen, electronic gases, specialty gases, and acetylene.

The stock increased 0.26% or $0.42 during the last trading session, reaching $159. About 1.27M shares traded. Praxair, Inc. (NYSE:PX) has risen 22.24% since May 17, 2017 and is uptrending. It has outperformed by 10.69% the S&P500.

More recent Praxair, Inc. (NYSE:PX) news were published by: Businesswire.com which released: “Praxair Named One of America’s Best Employers by Forbes for the Fourth Straight Year” on May 15, 2018. Also Seekingalpha.com published the news titled: “Praxair Floats To The Top” on April 19, 2018. Seekingalpha.com‘s news article titled: “Praxair, Inc. 2018 Q1 – Results – Earnings Call Slides” with publication date: April 26, 2018 was also an interesting one.

Investors sentiment decreased to 1.06 in 2017 Q4. Its down 0.02, from 1.08 in 2017Q3. It worsened, as 42 investors sold Praxair, Inc. shares while 295 reduced holdings. 104 funds opened positions while 254 raised stakes. 233.99 million shares or 0.58% less from 235.36 million shares in 2017Q3 were reported. Walter & Keenan Consulting Communication Mi Adv owns 2,910 shares for 0.19% of their portfolio. Jpmorgan Chase & holds 0.01% or 362,883 shares. Old National Commercial Bank In invested in 5,854 shares or 0.05% of the stock. Brown Advisory Inc has invested 0.04% in Praxair, Inc. (NYSE:PX). Chilton Ltd Llc invested in 331,986 shares or 1.98% of the stock. Argent Trust Company holds 0.08% of its portfolio in Praxair, Inc. (NYSE:PX) for 1,910 shares. Sequoia Financial Ltd Liability holds 0.03% or 1,645 shares. Linscomb & Williams stated it has 1,387 shares or 0.02% of all its holdings. Td Management Ltd Liability stated it has 32 shares or 0% of all its holdings. 3,014 are held by Atria Ltd Liability. Moreover, Dubuque Bancshares & Tru has 0.45% invested in Praxair, Inc. (NYSE:PX) for 19,343 shares. Heritage reported 0.42% in Praxair, Inc. (NYSE:PX). Highstreet Asset Management holds 200 shares. Ontario – Canada-based Ontario Teachers Pension Plan Board has invested 0.14% in Praxair, Inc. (NYSE:PX). Exchange Mgmt invested in 3,888 shares or 0.22% of the stock.

Analysts await Rice Midstream Partners LP (NYSE:RMP) to report earnings on August, 1. They expect $0.43 earnings per share, up 2.38% or $0.01 from last year’s $0.42 per share. RMP’s profit will be $43.98M for 10.42 P/E if the $0.43 EPS becomes a reality. After $0.48 actual earnings per share reported by Rice Midstream Partners LP for the previous quarter, Wall Street now forecasts -10.42% negative EPS growth.

Among 12 analysts covering Rice Midstream Partners (NYSE:RMP), 2 have Buy rating, 0 Sell and 10 Hold. Therefore 17% are positive. Rice Midstream Partners had 39 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Rice Midstream Partners LP (NYSE:RMP) has “Buy” rating given on Thursday, January 11 by BMO Capital Markets. Howard Weil maintained the stock with “Sector Outperform” rating in Tuesday, October 11 report. The firm has “Hold” rating given on Sunday, November 5 by RBC Capital Markets. RBC Capital Markets maintained Rice Midstream Partners LP (NYSE:RMP) on Sunday, July 23 with “Hold” rating. As per Wednesday, September 28, the company rating was downgraded by Goldman Sachs. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, May 6 report. BMO Capital Markets maintained Rice Midstream Partners LP (NYSE:RMP) rating on Wednesday, June 21. BMO Capital Markets has “Buy” rating and $2500 target. BMO Capital Markets maintained it with “Buy” rating and $20.0 target in Tuesday, October 10 report. The stock of Rice Midstream Partners LP (NYSE:RMP) earned “Neutral” rating by Goldman Sachs on Friday, September 8. BMO Capital Markets maintained Rice Midstream Partners LP (NYSE:RMP) on Monday, November 13 with “Buy” rating.

Praxair, Inc. (NYSE:PX) Institutional Positions Chart