Rattler Midstream upgraded by Raymond James with a new price target
$RTLR
Natural Gas Distribution
Public Utilities
Raymond James upgraded Rattler Midstream from Market Perform to Outperform and set a new price target of $13.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/16/2022 | $17.00 → $14.00 | Overweight → Equal Weight | Wells Fargo |
| 5/2/2022 | $15.00 | Hold | Truist |
| 3/7/2022 | $13.00 → $14.00 | Neutral | Credit Suisse |
| 2/25/2022 | $14.00 → $15.00 | Outperform | Raymond James |
| 11/12/2021 | $12.00 → $13.00 | Neutral | Credit Suisse |
| 8/13/2021 | $12.00 → $11.00 | Equal-Weight → Underweight | Barclays |
SC 13G/A - RATTLER MIDSTREAM LP (0001748773) (Subject)
SC 13G/A - RATTLER MIDSTREAM LP (0001748773) (Subject)
SC 13G/A - RATTLER MIDSTREAM LP (0001748773) (Subject)
MIDLAND, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the second quarter ended June 30, 2022. Due to the pending merger between Diamondback and Rattler, Rattler will not host an earnings call for the second quarter 2022 nor hold an investor presentation. SECOND QUARTER 2022 HIGHLIGHTS Q2 2022 consolidated net income (including non-controlling interest) of $55.1 millionQ2 2022 Adjusted EBITDA (as defined and reconciled below) of $102.4 millionQ2 2022 cash flow provided by operating activities of
MIDLAND, Texas, July 14, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced that it plans to release second quarter 2022 financial results on August 3, 2022 after the market closes. Due to the pending merger between Diamondback and Rattler, Rattler will not host an earnings call for the second quarter 2022 nor hold an investor presentation. IMPORTANT INFORMATION FOR INVESTORS;ADDITIONAL INFORMATION AND WHERE TO FIND IT This communication is for information purposes only does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicita
MIDLAND, Texas, May 03, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the first quarter ended March 31, 2022. FIRST QUARTER 2022 HIGHLIGHTS Q1 2022 consolidated net income (including non-controlling interest) of $37.1 millionQ1 2022 consolidated Adjusted EBITDA (as defined and reconciled below) of $87.0 millionQ1 2022 cash flow provided by operating activities of $59.9 millionQ1 2022 cash operated capital expenditures of $17.9 millionQ1 2022 consolidated Free Cash Flow (as defined and reconciled below) of $44.9 millionBoar
According to Benzinga Pro, during Q2, Rattler Midstream (NASDAQ:RTLR) earned $55.07 million, a 48.48% increase from the preceding quarter. Rattler Midstream also posted a total of $104.36 million in sales, a 0.87% increase since Q1. In Q1, Rattler Midstream earned $37.09 million, and total sales reached $103.46 million. What Is ROCE? Return on Capital Employed is a measure of yearly pre-tax profit relative to capital employed by a business. Changes in earnings and sales indicate shifts in a company's ROCE. A higher ROCE is generally representative of successful growth of a company and is a sign of higher earnings per share in the future. A low or negative ROCE suggests the opposite. In
Rattler Midstream (NASDAQ:RTLR) reported its Q2 earnings results on Wednesday, August 3, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Rattler Midstream missed estimated earnings by 6.25%, reporting an EPS of $0.3 versus an estimate of $0.32. Revenue was up $3.23 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.13 which was followed by a 1.39% increase in the share price the next day. Here's a look at Rattler Midstream's past performance: Quarter Q1 2022 Q4 2021 Q3 2021 Q2 2021 EPS Estimate 0.32 0.30 0.24 0.25 EPS Actual 0.19 0.24 0.22 0.21 Revenue Estimate 100.19M 100.79M 108.84M
Rattler Midstream (NASDAQ:RTLR) reported quarterly sales of $104.36 million which beat the analyst consensus estimate of $103.30 million by 1.03 percent. This is a 3.19 percent increase over sales of $101.13 million the same period last year.
Wells Fargo downgraded Rattler Midstream from Overweight to Equal Weight and set a new price target of $14.00 from $17.00 previously
Truist resumed coverage of Rattler Midstream with a rating of Hold and set a new price target of $15.00
Credit Suisse reiterated coverage of Rattler Midstream with a rating of Neutral and set a new price target of $14.00 from $13.00 previously
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S-8 POS - RATTLER MIDSTREAM LP (0001748773) (Filer)
8-K - RATTLER MIDSTREAM LP (0001748773) (Filer)
MIDLAND, Texas, Aug. 24, 2022 (GLOBE NEWSWIRE) -- Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback") and Rattler Midstream LP (NASDAQ:RTLR) ("Rattler") today announced the completion of the previously announced merger between Rattler and Diamondback. The merger resulted in Diamondback acquiring all of the limited partner interests in Rattler not already owned by Diamondback and its subsidiaries. Each public unitholder of Rattler received 0.113 of a share of common stock in Diamondback in exchange for each Rattler common unit owned. Effective August 24, 2022, Rattler's common units will no longer be listed on The Nasdaq Global Select Market, and it will cease to be a publicly traded co
OVERLAND PARK, KS / ACCESSWIRE / August 23, 2022 / TortoiseEcofin today announced that Rattler Midstream LP (NASDAQ:RTLR) will be removed from the Tortoise MLP Index® (TMLP), and the Tortoise North American Pipeline IndexSM (TNAP), as a result of the approved merger with Diamondback Energy Inc (NASDAQ:FANG). Due to the merger, RTLR will be removed from both indices at market open on Thursday, August 25, 2022.For Tortoise MLP Index® (TMLP), RTLR will be removed with a special rebalancing. RTLR will be dropped from Tortoise North American Pipeline IndexSM (TNAP) without special rebalancing.Special rebalancings in each of TMLP and TNAP are triggered by corporate actions such as mergers, bankrup
MIDLAND, Texas, Aug. 03, 2022 (GLOBE NEWSWIRE) -- Rattler Midstream LP (NASDAQ:RTLR) ("Rattler" or the "Company"), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) ("Diamondback"), today announced financial and operating results for the second quarter ended June 30, 2022. Due to the pending merger between Diamondback and Rattler, Rattler will not host an earnings call for the second quarter 2022 nor hold an investor presentation. SECOND QUARTER 2022 HIGHLIGHTS Q2 2022 consolidated net income (including non-controlling interest) of $55.1 millionQ2 2022 Adjusted EBITDA (as defined and reconciled below) of $102.4 millionQ2 2022 cash flow provided by operating activities of
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