RICE has been the topic of a number of other reports. Jefferies Group reaffirmed a buy rating on shares of Rice Energy in a report on Friday, September 9th. Williams Capital assumed coverage on shares of Rice Energy in a report on Monday, August 29th. They set a hold rating and a $29.00 price objective on the stock. Zacks Investment Research raised shares of Rice Energy from a hold rating to a buy rating and set a $26.00 price objective on the stock in a report on Wednesday, June 29th. Seaport Global Securities downgraded shares of Rice Energy from a buy rating to a neutral rating and lifted their price objective for the stock from $26.00 to $29.00 in a report on Tuesday, August 30th. Finally, Barclays PLC lifted their price objective on shares of Rice Energy from $16.00 to $19.00 and gave the stock an equal weight rating in a report on Thursday, July 14th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company has an average rating of Buy and a consensus price target of $24.50.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $1.01. The business had revenue of $116 million for the quarter, compared to the consensus estimate of $180.12 million. Rice Energy had a negative net margin of 70.19% and a positive return on equity of 1.01%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in Rice Energy during the first quarter valued at $379,000. NFC Investments LLC boosted its position in Rice Energy by 15.7% in the first quarter. NFC Investments LLC now owns 339,313 shares of the company’s stock valued at $4,737,000 after buying an additional 46,011 shares during the period. Spark Investment Management LLC bought a new position in Rice Energy during the first quarter valued at $837,000. JVL Advisors L.L.C. boosted its position in Rice Energy by 9.9% in the first quarter. JVL Advisors L.L.C. now owns 2,301,529 shares of the company’s stock valued at $32,129,000 after buying an additional 207,400 shares during the period. Finally, Brookfield Asset Management Inc. boosted its position in Rice Energy by 36.3% in the first quarter. Brookfield Asset Management Inc. now owns 56,370 shares of the company’s stock valued at $787,000 after buying an additional 15,010 shares during the period. Institutional investors own 95.95% of the company’s stock.
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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