Rose Rock Midstream, L.P. (NYSE:RRMS) near 52-week low, short interest ramping up

Rose Rock Midstream, L.P. (NYSE:RRMS) (TREND ANALYSIS) shares were traded with no significant volume change. The stock closed last trading session at $29.06, down by -1.49%, with a volume of 143,231 shares against an average volume for the last 3 months of 124,675.

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Rose Rock Midstream, L.P. (NYSE:RRMS) stock is currently trading 52.33% below its 52-week-high, 2.32% above its 52-week-low. The 1-year stock price history is in the range of $28.4 – $60.96. Rose Rock Midstream, L.P. (RRMS) has a price to earnings ratio of 17.58 versus Basic Materials sector average of 17.48. RRMS stock price has underperformed the S&P 500 by 29.8%. The Oil & Gas Integrated company is currently valued at $1.07 billion and its share price closed the last trading session at $29.06. The stock has a 50-day moving average of $35.34 and a 200-day moving average of $44.89.

Rose Rock Midstream, L.P. (RRMS) current short interest stands at 0.72 million shares. It has increased by 9% from the same period of last month. Around 10% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.14 million shares, the number of days required to cover the short positions stand at 5.2 days.

RRMS reported last quarter earnings on August 06. The Oil & Gas Integrated company announced earnings per share of $0.32 against a consensus Street estimate of $0.5, missing estimate by $0.18. This corresponds to an increase of $0.01 compared to the same quarter of the previous fiscal year.

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There are currently eleven analysts that cover Rose Rock Midstream, L.P. stock. Of those eleven, eight have a Buy rating, three have a Hold rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $52.9.

A recent analyst activity consisted of Stifel Nicolaus downgrading their Buy rating to Hold on August 11. On the date of report, the stock closed at $35.84.

RBC Capital reiterated their Outperform stance on August 10, and decreased their price target from $60 to $52. This corresponds to a 78.94% upside from the last closing price. On the date of report, the stock closed at $37.35.

Another research firm was Capital One Financial who upgraded their Equal-weight rating to Overweight on May 11. On the date of report, the stock closed at $50.42.

Company profile

Rose Rock Midstream, L.P. acquires, owns, develops, and operates a portfolio of midstream energy assets. It engages in the gathering, transportation, storage, marketing, and distribution of crude oil in Colorado, Kansas, Montana, North Dakota, Oklahoma, and Texas. The company owns and operates 19 crude oil storage tanks with an aggregate storage capacity of approximately 5.0 million barrels in Cushing; an approximately 640-mile crude oil gathering and transportation pipeline system and approximately 530,000 barrels of associated storage in Kansas and northern Oklahoma; a crude oil gathering, storage, transportation, and marketing business in the Bakken Shale area in western North Dakota and eastern Montana; and a 10-lane crude oil truck unloading facility with 220,000 barrels of crude oil storage capacity in Platteville, Colorado. The company’s customers include crude oil producers and traders, pipeline companies, aggregators, refineries, and crude oil refineries. Rose Rock Midstream GP, LLC serves as the general partner of the company. Rose Rock Midstream, L.P. was founded in 2011 and is headquartered in Tulsa, Oklahoma.

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