Rice Energy Inc. (NYSE:RICE) had its target price upped by Howard Weil from $30.00 to $32.00 in a research report report published on Tuesday. They currently have a sector outperform rating on the stock.
Other equities research analysts have also recently issued research reports about the stock. RBC Capital Markets restated a buy rating and issued a $30.00 price objective (up previously from $29.00) on shares of Rice Energy in a research report on Monday, October 3rd. Mizuho started coverage on shares of Rice Energy in a research report on Wednesday, October 5th. They set a buy rating and a $43.00 price target for the company. National Securities lifted their price target on shares of Rice Energy from $29.00 to $30.00 and gave the stock a buy rating in a research report on Wednesday, September 28th. Jefferies Group reiterated a buy rating on shares of Rice Energy in a research report on Friday, September 9th. Finally, Williams Capital started coverage on shares of Rice Energy in a research report on Monday, August 29th. They set a hold rating and a $29.00 price target for the company. Eight research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Rice Energy has a consensus rating of Buy and an average price target of $27.17.
Shares of Rice Energy (NYSE:RICE) opened at 25.98 on Tuesday. Rice Energy has a 1-year low of $7.92 and a 1-year high of $29.36. The firm has a 50-day moving average of $26.83 and a 200 day moving average of $21.96. The stock’s market capitalization is $4.07 billion.
Rice Energy (NYSE:RICE) last announced its earnings results on Wednesday, August 3rd. The company reported ($1.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by $1.01. The firm had revenue of $116 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned $0.03 EPS. On average, equities analysts anticipate that Rice Energy will post $0.04 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. Harvest Fund Advisors LLC purchased a new position in shares of Rice Energy during the second quarter worth $117,712,000. FMR LLC increased its position in Rice Energy by 222.7% in the second quarter. FMR LLC now owns 3,444,714 shares of the company’s stock valued at $75,921,000 after buying an additional 2,377,400 shares in the last quarter. Vanguard Group Inc. increased its position in Rice Energy by 37.3% in the second quarter. Vanguard Group Inc. now owns 8,087,836 shares of the company’s stock valued at $178,256,000 after buying an additional 2,195,887 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in Rice Energy during the second quarter valued at approximately $39,143,000. Finally, Adage Capital Partners GP L.L.C. bought a new position in Rice Energy during the first quarter valued at approximately $24,779,000. 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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