Chicago Capital Management LLC purchased a new position in Rice Energy Inc. (NYSE:RICE) during the second quarter, Holdings Channel reports. The firm purchased 1,042,708 shares of the oil and gas producer’s stock, valued at approximately $27,767,000. Rice Energy comprises about 6.2% of Chicago Capital Management LLC’s portfolio, making the stock its 7th largest position.
Other institutional investors have also bought and sold shares of the company. FNY Partners Fund LP acquired a new position in Rice Energy during the first quarter worth $127,000. Advisors Asset Management Inc. acquired a new position in Rice Energy during the first quarter worth $190,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of Rice Energy during the first quarter worth approximately $211,000. Glen Harbor Capital Management LLC purchased a new position in shares of Rice Energy during the first quarter worth approximately $212,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Rice Energy during the first quarter worth approximately $215,000.
Rice Energy Inc. (RICE) traded up 0.26% during midday trading on Monday, hitting $26.57. 2,476,180 shares of the stock were exchanged. Rice Energy Inc. has a 12-month low of $18.30 and a 12-month high of $29.36. The firm has a 50 day moving average of $21.85 and a 200-day moving average of $21.44. The stock’s market cap is $5.45 billion.
Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.10. Rice Energy had a positive return on equity of 2.45% and a negative net margin of 27.73%. The company had revenue of $393.81 million during the quarter, compared to analyst estimates of $364.60 million. On average, equities analysts expect that Rice Energy Inc. will post $0.55 earnings per share for the current year.
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A number of brokerages have commented on RICE. Mizuho downgraded shares of Rice Energy from a “buy” rating to a “neutral” rating and set a $27.50 target price on the stock. in a research note on Monday, July 10th. Jefferies Group LLC downgraded shares of Rice Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Williams Capital downgraded shares of Rice Energy from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a research note on Monday, July 3rd. Royal Bank Of Canada downgraded shares of Rice Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from $28.00 to $25.00 in a research note on Tuesday, June 20th. Finally, Capital One Financial Corporation downgraded shares of Rice Energy from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 20th. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the stock. Rice Energy currently has a consensus rating of “Hold” and a consensus price target of $27.83.
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.
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