Stephens Inc. AR cut its stake in shares of Rice Energy Inc. (NYSE:RICE) by 35.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,795 shares of the oil and gas producer’s stock after selling 5,310 shares during the period. Stephens Inc. AR’s holdings in Rice Energy were worth $261,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in RICE. FNY Partners Fund LP purchased a new stake in Rice Energy during the 1st quarter valued at $127,000. Exane Asset Management bought a new stake in shares of Rice Energy during the 2nd quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Rice Energy by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock valued at $149,000 after acquiring an additional 494 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of Rice Energy during the 1st quarter valued at $190,000. Finally, Engineers Gate Manager LP bought a new stake in shares of Rice Energy during the 1st quarter valued at $215,000. Institutional investors and hedge funds own 96.08% of the company’s stock.
Rice Energy Inc. (NYSE RICE) opened at 28.63 on Friday. The company’s market cap is $6.12 billion. Rice Energy Inc. has a 12-month low of $18.30 and a 12-month high of $29.55. The firm’s 50 day moving average is $27.34 and its 200 day moving average is $24.01.
Rice Energy (NYSE:RICE) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $359.27 million. During the same period in the previous year, the firm posted ($1.07) EPS. The firm’s quarterly revenue was up 155.3% on a year-over-year basis. Equities research analysts anticipate that Rice Energy Inc. will post $0.72 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on RICE shares. Royal Bank Of Canada set a $27.00 price objective on shares of Rice Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. Mizuho downgraded shares of Rice Energy from a “buy” rating to a “neutral” rating and set a $27.50 price objective for the company. in a research report on Monday, July 10th. Scotiabank reissued a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research report on Thursday, August 3rd. BMO Capital Markets set a $30.00 price objective on shares of Rice Energy and gave the company a “buy” rating in a research report on Tuesday, August 8th. Finally, BidaskClub downgraded shares of Rice Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Twenty-two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $28.16.
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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