$0.14 Earnings Per Share Expected for Rice Energy Inc. (RICE) This Quarter
Wall Street brokerages predict that Rice Energy Inc. (NYSE:RICE) will report earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Rice Energy’s earnings, with estimates ranging from $0.05 to $0.22. The company is scheduled to issue its next earnings results on Wednesday, November 1st.
According to Zacks, analysts expect that Rice Energy will report full year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.36 to $0.83. For the next year, analysts expect that the company will post earnings of $0.93 per share, with EPS estimates ranging from $0.46 to $1.76. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Rice Energy.
Rice Energy (NYSE:RICE) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The firm had revenue of $398.30 million for the quarter, compared to the consensus estimate of $359.27 million. During the same period last year, the company posted ($1.07) earnings per share. Rice Energy’s revenue for the quarter was up 155.3% on a year-over-year basis.
A number of equities research analysts have weighed in on RICE shares. BMO Capital Markets reiterated a “buy” rating and set a $28.00 target price on shares of Rice Energy in a research note on Tuesday, June 20th. Scotiabank reiterated a “buy” rating and set a $29.00 target price on shares of Rice Energy in a research note on Monday, June 19th. Williams Capital reiterated a “buy” rating and set a $27.00 target price on shares of Rice Energy in a research note on Monday, June 19th. Jefferies Group LLC set a $26.00 target price on shares of Rice Energy and gave the company a “buy” rating in a research note on Saturday, June 17th. Finally, Mizuho reiterated a “buy” rating and set a $34.00 target price on shares of Rice Energy in a research note on Friday, June 16th. Twenty research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Rice Energy presently has an average rating of “Hold” and an average target price of $27.93.
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A number of institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC boosted its holdings in Rice Energy by 1.5% in the 2nd quarter. ProShare Advisors LLC now owns 15,173 shares of the oil and gas producer’s stock worth $404,000 after buying an additional 220 shares during the period. Comerica Bank boosted its holdings in Rice Energy by 1.8% in the 2nd quarter. Comerica Bank now owns 16,279 shares of the oil and gas producer’s stock worth $444,000 after buying an additional 288 shares during the period. Stifel Financial Corp boosted its holdings in Rice Energy by 0.5% in the 1st quarter. Stifel Financial Corp now owns 65,282 shares of the oil and gas producer’s stock worth $1,541,000 after buying an additional 296 shares during the period. Public Employees Retirement Association of Colorado boosted its holdings in Rice Energy by 1.6% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 25,669 shares of the oil and gas producer’s stock worth $684,000 after buying an additional 411 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Rice Energy by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after buying an additional 494 shares during the period. 96.08% of the stock is owned by institutional investors.
Shares of Rice Energy (NYSE:RICE) traded down 2.97% during trading on Wednesday, reaching $27.74. The company’s stock had a trading volume of 10,864,324 shares. Rice Energy has a one year low of $18.30 and a one year high of $29.55. The firm’s 50-day moving average price is $27.82 and its 200-day moving average price is $24.71. The company’s market capitalization is $5.93 billion.
Rice Energy Company Profile
Rice Energy Inc (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company conducts its operations through two segments: Exploration and Production, and Midstream.
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