Rattler Midstream LP (RTLR) Update - Nov 29

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dan_s
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Joined: Fri Apr 23, 2010 8:22 am

Rattler Midstream LP (RTLR) Update - Nov 29

Post by dan_s »

Rattler is a C-Corp in our High Yield Income Portfolio. It was created by Diamondback Energy (FANG), one of the "Elite Eight" in our Sweet 16 Growth Portfolio. Most of Rattler's revenues are from services that it provides to FANG.

RTLR is trading for $10.81 this morning.
It now pays quarterly dividends of $0.25/share for annualized yield of 9.25%.

RTLR's growth is tied directly to FANG's growth. Read our recently updated profile on FANG to get an idea of why I like RTLR as a "Growth + Income" stock.

I have updated my forecast/valuation model for Rattler and I have posted it to the EPG website. My valuation of RTLR is $15.50. < Increased because I think it will be able to increased dividends in 2022.

TipRanks: "On November 12, 2021 Credit Suisse analyst Spiro Dounis raised the price target on Rattler Midstream LP (NASDAQ: RTLR) to $13.00 (from $12.00) while maintaining a Neutral rating."
Dan Steffens
Energy Prospectus Group
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