Rice Energy Inc. (NYSE:RICE)‘s stock had its “buy” rating reiterated by analysts at RBC Capital Markets in a note issued to investors on Monday. They presently have a $30.00 price target on the stock. RBC Capital Markets’ price objective suggests a potential upside of 14.90% from the company’s previous close.
Other research analysts have also recently issued reports about the stock. Stifel Nicolaus upped their price objective on shares of Rice Energy from $24.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Zacks Investment Research upgraded shares of Rice Energy from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Wednesday, June 29th. Jefferies Group reiterated a “buy” rating on shares of Rice Energy in a research report on Friday, September 9th. GMP Securities initiated coverage on shares of Rice Energy in a research report on Wednesday, September 28th. They set a “buy” rating and a $34.00 price target on the stock. Finally, National Securities increased their price target on shares of Rice Energy from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Wednesday, September 28th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Rice Energy currently has an average rating of “Buy” and an average price target of $25.14.
Shares of Rice Energy (NYSE:RICE) opened at 26.11 on Monday. The company’s market cap is $4.09 billion. Rice Energy has a 1-year low of $7.92 and a 1-year high of $29.36. The stock has a 50 day moving average of $26.55 and a 200 day moving average of $21.00.
Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.07) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $1.01. The company earned $116 million during the quarter, compared to the consensus estimate of $180.12 million. Rice Energy had a positive return on equity of 1.01% and a negative net margin of 70.19%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. Analysts predict that Rice Energy will post $0.01 EPS for the current year.
Institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its position in Rice Energy by 57.7% in the first quarter. Legal & General Group Plc now owns 7,159 shares of the company’s stock worth $100,000 after buying an additional 2,618 shares during the period. Acadian Asset Management LLC bought a new position in shares of Rice Energy during the second quarter valued at $118,000. BNP Paribas Arbitrage SA bought a new position in shares of Rice Energy during the second quarter valued at $162,000. Pacad Investment Ltd. bought a new position in shares of Rice Energy during the second quarter valued at $179,000. Finally, Menta Capital LLC bought a new position in shares of Rice Energy during the second quarter valued at $225,000. Institutional investors and hedge funds own 95.95% of the company’s stock.
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 MarketBeat.com's FREE daily email newsletter.