Rice Energy Inc. (RICE) Receives $28.03 Consensus Price Target from Brokerages
Rice Energy Inc. (NYSE:RICE) has earned an average recommendation of “Hold” from the twenty-eight analysts that are presently covering the stock, Marketbeat.com reports. Twenty equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $28.15.
Several research analysts have issued reports on the stock. Capital One Financial Corporation lowered shares of Rice Energy from an “overweight” rating to an “equal weight” rating in a report on Tuesday, June 20th. Seaport Global Securities lowered shares of Rice Energy from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. BidaskClub upgraded shares of Rice Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. William Blair lowered shares of Rice Energy from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Monday, July 3rd. Finally, Scotiabank restated a “hold” rating and set a $27.00 price target on shares of Rice Energy in a report on Thursday, August 3rd.
Shares of Rice Energy (NYSE RICE) traded down 0.37% during mid-day trading on Wednesday, reaching $26.62. 1,290,734 shares of the company were exchanged. The stock’s market capitalization is $5.69 billion. The firm has a 50-day moving average price of $27.04 and a 200 day moving average price of $23.11. Rice Energy has a 12 month low of $18.30 and a 12 month high of $29.55.
Rice Energy (NYSE:RICE) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The firm had revenue of $398.30 million for the quarter, compared to the consensus estimate of $359.27 million. During the same quarter in the previous year, the business posted ($1.07) EPS. The firm’s revenue for the quarter was up 155.3% compared to the same quarter last year. Equities research analysts anticipate that Rice Energy will post $0.66 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of RICE. CNH Partners LLC acquired a new stake in Rice Energy during the second quarter valued at about $140,605,000. BlackRock Inc. increased its stake in Rice Energy by 4,630.0% in the first quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock valued at $120,357,000 after buying an additional 4,970,915 shares during the last quarter. Alpine Associates Management Inc. acquired a new stake in Rice Energy during the second quarter valued at about $108,512,000. Pentwater Capital Management LP acquired a new stake in Rice Energy during the second quarter valued at about $49,798,000. Finally, Neuberger Berman Group LLC increased its stake in Rice Energy by 4,932.1% in the first quarter. Neuberger Berman Group LLC now owns 1,646,395 shares of the oil and gas producer’s stock valued at $39,020,000 after buying an additional 1,613,677 shares during the last quarter. 96.08% of the stock is owned by institutional investors and hedge funds.
About Rice Energy
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.
Receive News & Ratings for Rice Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Energy Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.