Rattler Midstream LP (NASDAQ:RTLR) is one of the stocks that are grabbing investor focus today: skyrocketing 21% or (0.74 points) to $4.24 from its previous close of $3.5. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 757390 contracts so far this session. RTLR shares had a relatively better volume day versus average trading capacity of 570.92 thousand shares, but with a 42.41 million float and a 7.03% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for RTLR stock indicates that the average analyst price target is $16.31 per share. This means the stock has a potential increase of 284.67% from where the RTLR share price has been trading recently.
Looking at the current readings for Rattler Midstream LP, the two-week RSI stands at 26.8. This figure suggests that RTLR stock, for now, is overbought, meaning that the shares are not stable in terms of price movement. The stochastic readings, on the other hand, based on the current RTLR readings is similarly very revealing as it has a stochastic reading of 11.86% at this stage. This figure means that RTLR share price today is being overbought.
Technical chart claims that Rattler Midstream LP (RTLR) would settle between $3.93/share to $4.37/share level. However, if the stock price goes below the $2.98 mark, then the market for Rattler Midstream LP becomes much weaker. If that happens, the stock price might even plunge as low as $2.47 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.22. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at RBC Capital Mkts raised their recommendation on shares of RTLR from Sector Perform to Outperform in their opinion released on March 16. Credit Suisse analysts bumped their rating on Rattler Midstream LP (NASDAQ:RTLR) stock from Neutral to Outperform in a separate flash note issued to investors on March 12. Analysts at Raymond James lowered the stock to a Mkt Perform call from its previous Outperform recommendation, in a research note that dated back to March 12.
RTLR equity has an average rating of 2.25, with the figure leaning towards a bullish end. 16 analysts who tracked the company were contacted by Reuters. Amongst them, 6 rated the stock as a hold while the remaining 10 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 10 analysts rated Rattler Midstream LP (NASDAQ:RTLR) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, RTLR stock price is currently trading at 2.24X forward 12-month Consensus EPS estimates, and its P/E ratio is 5.5 while for the average stock in the same group, the multiple is 11.2. Rattler Midstream LP current P/B ratio of 0.7 means it is trading at a discount against its industry’s 1.1.