Rice Energy Inc. (NYSE:RICE)‘s stock had its “hold” rating restated by stock analysts at Stifel Nicolaus in a note issued to investors on Thursday, September 14th. They presently have a $27.00 price target on the oil and gas producer’s stock. Stifel Nicolaus’ price objective points to a potential downside of 5.86% from the company’s current price.
Other research analysts have also recently issued research reports about the stock. Stephens cut shares of Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 price objective on the stock. in a research report on Thursday, August 3rd. Scotiabank reaffirmed a “hold” rating and issued a $27.00 price objective on shares of Rice Energy in a research note on Thursday, August 3rd. BidaskClub raised shares of Rice Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. BMO Capital Markets set a $30.00 price objective on shares of Rice Energy and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Finally, US Capital Advisors lowered shares of Rice Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Twenty-two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Rice Energy has an average rating of “Hold” and an average target price of $28.16.
Rice Energy (NYSE RICE) traded down 0.87% during mid-day trading on Thursday, hitting $28.43. 6,251,354 shares of the company were exchanged. The company’s market capitalization is $6.08 billion. Rice Energy has a 12-month low of $18.30 and a 12-month high of $29.55. The company’s 50-day moving average is $27.34 and its 200 day moving average is $24.01.
Rice Energy (NYSE:RICE) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The firm had revenue of $398.30 million for the quarter, compared to analysts’ expectations of $359.27 million. During the same period in the prior year, the firm earned ($1.07) EPS. Rice Energy’s revenue for the quarter was up 155.3% compared to the same quarter last year. Analysts expect that Rice Energy will post $0.72 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of RICE. CNH Partners LLC purchased a new stake in Rice Energy in the 2nd quarter valued at about $140,605,000. BlackRock Inc. raised its holdings in Rice Energy by 4,630.0% in the 1st quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock valued at $120,357,000 after buying an additional 4,970,915 shares during the period. Alpine Associates Management Inc. purchased a new stake in Rice Energy in the 2nd quarter valued at about $108,512,000. Pentwater Capital Management LP purchased a new stake in Rice Energy in the 2nd quarter valued at about $49,798,000. Finally, Neuberger Berman Group LLC raised its holdings in Rice Energy by 4,932.1% in the 1st quarter. Neuberger Berman Group LLC now owns 1,646,395 shares of the oil and gas producer’s stock valued at $39,020,000 after buying an additional 1,613,677 shares during the period. Hedge funds and other institutional investors own 96.08% 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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