RTLR - Watch for Continued Gains in Shares of Rattler Midstream LP (RTLR)
Shares of Rattler Midstream LP (NASDAQ:RTLR) traded at a new 52-week high today of $14.84. Approximately 128,000 shares have changed hands today, as compared to an average 30-day volume of 408,000 shares.
Rattler Midstream LP is a growth-oriented partnership firm that owns, operates, develops and acquires midstream infrastructure assets in the Midland and Delaware Basins of the Permian. It provides crude oil, natural gas and water-related midstream services including freshwater sourcing and transportation and saltwater gathering and disposal to Diamondback under long-term, fixed-fee contracts. The company's operating segment includes Midstream Services and Real Estate Operations. It generates maximum revenue from the Midstream Services segment.
Rattler Midstream LP share prices have moved between a 52-week high of $14.84 and a 52-week low of $9.51 and are now trading 53% above that low price at $14.58 per share.
Based on a current price of $14.58, Rattler Midstream LP is currently 7.5% above its average consensus analyst price target of $13.48.
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