Rice Energy Inc. (NYSE:RICE) had its price objective lifted by Howard Weil from $30.00 to $32.00 in a research report released on Tuesday morning. The firm currently has a sector outperform rating on the stock.
RICE has been the topic of several other reports. RBC Capital Markets restated a buy rating and issued a $30.00 target price (up from $29.00) on shares of Rice Energy in a research report on Monday, October 3rd. Mizuho initiated coverage on Rice Energy in a research report on Wednesday, October 5th. They issued a buy rating and a $43.00 target price on the stock. Jefferies Group restated a buy rating on shares of Rice Energy in a research report on Friday, September 9th. National Securities raised their target price on Rice Energy from $29.00 to $30.00 and gave the company a buy rating in a research report on Wednesday, September 28th. Finally, Williams Capital initiated coverage on Rice Energy in a research report on Monday, August 29th. They issued a hold rating and a $29.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $26.96.
Shares of Rice Energy (NYSE:RICE) traded up 1.87% during mid-day trading on Tuesday, hitting $27.85. The stock had a trading volume of 1,086,903 shares. Rice Energy has a 12-month low of $7.92 and a 12-month high of $29.36. The company has a 50 day moving average price of $26.78 and a 200 day moving average price of $21.78. The firm’s market cap is $4.36 billion.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results 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. 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 company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the business posted $0.03 EPS. Equities analysts forecast that Rice Energy will post $0.04 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in RICE. BNP Paribas Arbitrage SA boosted its stake in Rice Energy by 268.2% in the third quarter. BNP Paribas Arbitrage SA now owns 27,030 shares of the company’s stock worth $706,000 after buying an additional 19,688 shares during the last quarter. Public Employees Retirement System of Ohio raised its position in Rice Energy by 34.8% in the second quarter. Public Employees Retirement System of Ohio now owns 143,766 shares of the company’s stock valued at $3,169,000 after buying an additional 37,137 shares during the period. Harvest Fund Advisors LLC bought a new position in Rice Energy during the second quarter valued at $117,712,000. Schwab Charles Investment Management Inc. raised its position in Rice Energy by 69.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 238,795 shares of the company’s stock valued at $5,264,000 after buying an additional 98,262 shares during the period. Finally, HWG Holdings LP bought a new position in Rice Energy during the second quarter valued at $4,476,000. 76.44% 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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