Rice Energy Inc. (NYSE:RICE) received a $32.00 target price from Jefferies Group in a note issued to investors on Tuesday. The firm currently has a a “buy” rating on the stock. Jefferies Group’s target price points to a potential upside of 25.49% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Johnson Rice reaffirmed a “hold” rating on shares of Rice Energy in a report on Wednesday, September 28th. Zacks Investment Research raised Rice Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, July 13th. Deutsche Bank AG raised their price objective on Rice Energy from $23.00 to $28.00 and gave the company a “hold” rating in a report on Wednesday, August 10th. Royal Bank Of Canada raised their price objective on Rice Energy from $29.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, October 3rd. Finally, Citigroup Inc. raised their price objective on Rice Energy from $22.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $27.21.
Rice Energy (NYSE:RICE) traded down 1.14% on Tuesday, reaching $25.21. The company’s stock had a trading volume of 2,461,692 shares. Rice Energy has a 52-week low of $7.92 and a 52-week high of $29.36. The stock’s market cap is $3.95 billion. The firm’s 50-day moving average price is $26.75 and its 200-day moving average price is $22.25.
Rice Energy (NYSE:RICE) last issued its earnings results on Wednesday, August 3rd. The company reported ($1.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $1.01. The business earned $116 million during the quarter, compared to analyst estimates of $180.12 million. Rice Energy had a negative net margin of 70.19% and a positive return on equity of 1.01%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.03 EPS. On average, equities analysts expect that Rice Energy will post $0.04 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can increased its position in Rice Energy by 776.1% in the third quarter. Bank of Montreal Can now owns 425,824 shares of the company’s stock worth $11,118,000 after buying an additional 377,219 shares during the period. Texas Capital Bancshares Inc. TX bought a new position in Rice Energy during the third quarter worth about $206,000. FNY Managed Accounts LLC bought a new position in Rice Energy during the third quarter worth about $1,943,000. First New York Securities LLC NY bought a new position in Rice Energy during the third quarter worth about $261,000. Finally, BNP Paribas Arbitrage SA increased its position 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 period. Institutional investors and hedge funds own 76.46% 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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