Rice Energy Inc. (NYSE:RICE) had its target price hoisted by research analysts at Royal Bank Of Canada from $29.00 to $30.00 in a research report issued to clients and investors on Monday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target points to a potential upside of 14.90% from the company’s previous close.
Several other brokerages have also weighed in on RICE. Goldman Sachs Group Inc. lowered shares of Rice Energy from a “neutral” rating to a “not rated” rating in a research report on Tuesday, September 27th. Jefferies Group reiterated a “buy” rating and set a $31.00 target price on shares of Rice Energy in a research report on Tuesday, September 27th. Deutsche Bank AG lifted their target price on shares of Rice Energy from $23.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. National Securities lifted their target price 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. Finally, Seaport Global Securities lowered shares of Rice Energy from a “buy” rating to a “neutral” rating and lifted their target price for the company from $26.00 to $29.00 in a research report on Tuesday, August 30th. Seven investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $25.14.
Rice Energy (NYSE:RICE) opened at 26.11 on Monday. The firm’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 company’s 50 day moving average is $26.55 and its 200-day moving average is $21.00.
Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $1.01. Rice Energy had a positive return on equity of 1.01% and a negative net margin of 70.19%. The company had revenue of $116 million for the quarter, compared to the consensus estimate of $180.12 million. During the same quarter in the previous year, the firm posted $0.03 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, analysts predict that Rice Energy will post $0.01 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of the stock. Loomis Sayles & Co. L P purchased a new stake in shares of Rice Energy during the first quarter valued at approximately $234,000. Quadrature Capital Ltd purchased a new stake in shares of Rice Energy during the first quarter valued at approximately $379,000. NFC Investments LLC increased its stake in shares of 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 last quarter. Spark Investment Management LLC purchased a new stake in shares of Rice Energy during the first quarter valued at approximately $837,000. Finally, JVL Advisors L.L.C. increased its stake in shares of 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 last quarter. 95.95% of the stock is owned by hedge funds and other institutional investors.
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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