Somewhat Positive News Coverage Somewhat Unlikely to Impact Rice Energy (RICE) Share Price
Media stories about Rice Energy (NYSE:RICE) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rice Energy earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news articles about the oil and gas producer an impact score of 45.5046322763736 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s analysis:
- Rice Energy Inc. (RICE) Receives Hold Rating from Royal Bank Of Canada (americanbankingnews.com)
- Chaparral Energy (CHPE) Presents At Johnson Rice & Company 2017 Energy Conference – Slideshow (seekingalpha.com)
- Rice Energy Inc. (RICE) Upgraded to “Buy” at BidaskClub (americanbankingnews.com)
- McDermott (MDR) Presents At Johnson Rice & Company 2017 Energy Conference – Slideshow (seekingalpha.com)
- RPC (RES) Presents At Johnson Rice & Company 2017 Energy Conference – Slideshow (seekingalpha.com)
Shares of Rice Energy (NYSE RICE) opened at 28.94 on Monday. The company’s market capitalization is $6.19 billion. Rice Energy has a 12 month low of $18.30 and a 12 month high of $29.55. The stock has a 50 day moving average price of $27.34 and a 200-day moving average price of $24.01.
Rice Energy (NYSE:RICE) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The business had revenue of $398.30 million for the quarter, compared to analysts’ expectations of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The business’s quarterly revenue was up 155.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.07) earnings per share. Analysts forecast that Rice Energy will post $0.72 EPS for the current year.
RICE has been the subject of several recent analyst reports. Capital One Financial Corporation cut shares of Rice Energy from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 20th. Seaport Global Securities cut Rice Energy from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. William Blair downgraded Rice Energy from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research report on Monday, July 3rd. Finally, US Capital Advisors downgraded Rice Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Twenty equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Rice Energy presently has a consensus rating of “Hold” and a consensus target price of $27.88.
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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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