Employees Retirement System of Texas Has $2.82 Million Position in Rice Energy Inc. (RICE)

Employees Retirement System of Texas cut its stake in shares of Rice Energy Inc. (NYSE:RICE) by 41.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,000 shares of the oil and gas producer’s stock after selling 75,000 shares during the period. Employees Retirement System of Texas’ holdings in Rice Energy were worth $2,823,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Seven Eight Capital LP acquired a new stake in shares of Rice Energy during the second quarter worth $118,000. Exane Asset Management acquired a new stake in shares of Rice Energy during the second quarter worth $132,000. FNY Partners Fund LP acquired a new stake in shares of Rice Energy during the first quarter worth $127,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Rice Energy by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 494 shares during the period. Finally, Blair William & Co. IL acquired a new stake in shares of Rice Energy during the second quarter worth $346,000. 96.08% of the stock is owned by institutional investors and hedge funds.

Shares of Rice Energy Inc. (NYSE:RICE) opened at 27.37 on Tuesday. Rice Energy Inc. has a one year low of $18.30 and a one year high of $29.55. The stock has a 50 day moving average price of $27.85 and a 200-day moving average price of $24.82. The company’s market capitalization is $5.85 billion.

Rice Energy (NYSE:RICE) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $398.30 million during the quarter, compared to analyst estimates of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The business’s quarterly revenue was up 155.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.07) earnings per share. On average, equities research analysts expect that Rice Energy Inc. will post $0.71 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Employees Retirement System of Texas Has $2.82 Million Position in Rice Energy Inc. (RICE)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/10/employees-retirement-system-of-texas-has-2-82-million-position-in-rice-energy-inc-rice.html.

A number of equities research analysts recently commented on the company. Jefferies Group LLC set a $26.00 price objective on Rice Energy and gave the stock a “hold” rating in a research note on Thursday, October 5th. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research note on Friday, September 29th. Scotiabank reaffirmed a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research note on Wednesday, October 4th. Finally, BMO Capital Markets set a $30.00 price objective on Rice Energy and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Twenty research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consens

Other institutional investors also recently made changes to their positions in the company. Seven Eight Capital LP acquired a new stake in shares of Rice Energy during the second quarter worth $118,000. Exane Asset Management acquired a new stake in shares of Rice Energy during the second quarter worth $132,000. FNY Partners Fund LP acquired a new stake in shares of Rice Energy during the first quarter worth $127,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Rice Energy by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 494 shares during the period. Finally, Blair William & Co. IL acquired a new stake in shares of Rice Energy during the second quarter worth $346,000. 96.08% of the stock is owned by institutional investors and hedge funds.

Shares of Rice Energy Inc. (NYSE:RICE) opened at 27.37 on Tuesday. Rice Energy Inc. has a one year low of $18.30 and a one year high of $29.55. The stock has a 50 day moving average price of $27.85 and a 200-day moving average price of $24.82. The company’s market capitalization is $5.85 billion.

Rice Energy (NYSE:RICE) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $398.30 million during the quarter, compared to analyst estimates of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The business’s quarterly revenue was up 155.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.07) earnings per share. On average, equities research analysts expect that Rice Energy Inc. will post $0.71 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Employees Retirement System of Texas Has $2.82 Million Position in Rice Energy Inc. (RICE)” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/10/employees-retirement-system-of-texas-has-2-82-million-position-in-rice-energy-inc-rice.html.

A number of equities research analysts recently commented on the company. Jefferies Group LLC set a $26.00 price objective on Rice Energy and gave the stock a “hold” rating in a research note on Thursday, October 5th. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research note on Friday, September 29th. Scotiabank reaffirmed a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research note on Wednesday, October 4th. Finally, BMO Capital Markets set a $30.00 price objective on Rice Energy and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Twenty research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $27.93.

Rice Energy 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.

Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)

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