Several other analysts have also recently issued reports on the stock. Jefferies Group reiterated a buy rating and issued a $31.00 target price on shares of Rice Energy in a research note on Tuesday, September 27th. Goldman Sachs Group Inc. cut shares of Rice Energy from a neutral rating to a not rated rating in a research note on Tuesday, September 27th. National Securities increased their target price on shares of Rice Energy from $29.00 to $30.00 and gave the stock a buy rating in a research note on Wednesday, September 28th. Deutsche Bank AG increased their price target on shares of Rice Energy from $23.00 to $28.00 and gave the stock a hold rating in a report on Wednesday, August 10th. Finally, Seaport Global Securities lowered shares of Rice Energy from a buy rating to a neutral rating and increased their price target for the stock from $26.00 to $29.00 in a report on Tuesday, August 30th. Seven research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has an average rating of Buy and an average price target of $25.95.
Rice Energy (NYSE:RICE) opened at 26.80 on Monday. The firm’s market cap is $4.20 billion. 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 of $26.69 and a 200 day moving average of $21.36.
Rice Energy (NYSE:RICE) last posted its earnings results on Wednesday, August 3rd. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $1.01. Rice Energy had a positive return on equity of 1.01% and a negative net margin of 70.19%. The firm earned $116 million during the quarter, compared to analysts’ expectations of $180.12 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. Equities analysts expect that Rice Energy will post $0.01 EPS for the current fiscal year.
Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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. Harvest Fund Advisors LLC bought a new stake in Rice Energy during the second quarter valued at approximately $117,712,000. Boston Partners boosted its stake in Rice Energy by 14.7% in the second quarter. Boston Partners now owns 4,908,066 shares of the company’s stock valued at $108,174,000 after buying an additional 628,782 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Rice Energy by 58.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,592,963 shares of the company’s stock valued at $101,232,000 after buying an additional 1,702,757 shares in the last quarter. Finally, Lord Abbett & CO. LLC boosted its stake in Rice Energy by 5.8% in the second quarter. Lord Abbett & CO. LLC now owns 3,867,987 shares of the company’s stock valued at $85,250,000 after buying an additional 211,181 shares in the last quarter. 95.95% of the stock is owned by hedge funds and other institutional investors.
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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