Rice Energy Inc. (NYSE:RICE)‘s stock had its “hold” rating reaffirmed by research analysts at Johnson Rice in a note issued to investors on Wednesday.
Other equities research analysts also recently issued research reports about the stock. Jefferies Group restated a “buy” rating and issued a $31.00 price objective on shares of Rice Energy in a research note on Tuesday. GMP Securities began coverage on shares of Rice Energy in a research note on Wednesday. They issued a “buy” rating and a $34.00 price objective on the stock. Goldman Sachs Group Inc. downgraded shares of Rice Energy from a “neutral” rating to a “not rated” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Rice Energy from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, July 13th. Finally, Deutsche Bank AG raised their price objective on shares of Rice Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research note on Tuesday, June 14th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $24.05.
Rice Energy (NYSE:RICE) opened at 25.00 on Wednesday. Rice Energy has a 52-week low of $7.92 and a 52-week high of $29.36. The firm’s market cap is $3.91 billion. The stock has a 50 day moving average of $26.45 and a 200-day moving average of $20.83.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.07) EPS for the quarter, missing the consensus estimate of ($0.06) by $1.01. Rice Energy had a negative net margin of 70.19% and a positive return on equity of 1.01%. The company had revenue of $116 million for the quarter, compared to analyst estimates of $180.12 million. During the same quarter last year, the business earned $0.03 EPS. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, analysts expect that Rice Energy will post $0.02 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RICE. Public Employees Retirement System of Ohio boosted 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 worth $3,169,000 after buying an additional 37,137 shares in the last quarter. Harvest Fund Advisors LLC acquired a new position in Rice Energy during the second quarter worth about $117,712,000. Schwab Charles Investment Management Inc. boosted 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 worth $5,264,000 after buying an additional 98,262 shares in the last quarter. HWG Holdings LP acquired a new position in Rice Energy during the second quarter worth about $4,476,000. Finally, Amalgamated Bank acquired a new position in Rice Energy during the second quarter worth about $349,000. 95.95% of the stock is owned by institutional investors and hedge funds.
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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