Rice Energy (RICE) Receiving Somewhat Positive Media Coverage, Study Finds
News stories about Rice Energy (NYSE:RICE) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rice Energy earned a daily sentiment score of 0.20 on Accern’s scale. Accern also gave media headlines about the oil and gas producer an impact score of 45.5958305165466 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Commonwealth Bank Of Australia Buys Kinder Morgan Inc, Enterprise Products Partners LP, Ctrip. … (nasdaq.com)
- RICE Description — Rice Energy Inc (etfchannel.com)
- Investor Update: Company Share Focus for Rice Energy Inc. (NYSE:RICE) – Jonesboro Recorder (jonesbororecorder.com)
- Rice Energy Inc. (NYSE:RICE) Stock Closed Significantly Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
- Rice Confident EQT Deal Will Close (finance.yahoo.com)
RICE has been the topic of a number of analyst reports. Mizuho cut shares of Rice Energy from a “buy” rating to a “neutral” rating and set a $27.50 target price on the stock. in a research note on Monday, July 10th. Citigroup Inc. reissued a “neutral” rating and issued a $25.00 target price (up previously from $23.00) on shares of Rice Energy in a research note on Saturday, April 22nd. BMO Capital Markets set a $30.00 target price on shares of Rice Energy and gave the company a “buy” rating in a research note on Tuesday. Scotiabank reissued a “buy” rating and issued a $30.00 target price on shares of Rice Energy in a research note on Thursday, May 4th. Finally, Royal Bank Of Canada set a $28.00 target price on shares of Rice Energy and gave the company a “buy” rating in a research note on Tuesday, April 25th. Nineteen investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $28.11.
Rice Energy (NYSE:RICE) opened at 27.63 on Friday. The firm’s market capitalization is $5.91 billion. Rice Energy has a 12 month low of $18.30 and a 12 month high of $29.55. The stock’s 50 day moving average is $26.90 and its 200-day moving average is $22.70.
Rice Energy (NYSE:RICE) last announced 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. The company had revenue of $398.30 million for the quarter, compared to the consensus estimate of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The company’s revenue for the quarter was up 155.3% compared to the same quarter last year. During the same period last year, the firm posted ($1.07) earnings per share. Equities analysts anticipate that Rice Energy will post $0.57 earnings per share for the current fiscal year.
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.
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