Short Interest in Rice Energy Inc. (RICE) Increases By 33.6%

Rice Energy Inc. (NYSE:RICE) saw a large increase in short interest in September. As of September 29th, there was short interest totalling 10,157,858 shares, an increase of 33.6% from the September 15th total of 7,602,502 shares. Based on an average trading volume of 4,417,637 shares, the short-interest ratio is presently 2.3 days. Approximately 5.1% of the shares of the stock are short sold.

Several analysts recently issued reports on the stock. Scotiabank cut shares of Rice Energy from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $25.50 to $27.00 in a research note on Monday, June 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research note on Thursday, September 14th. Mitsubishi UFJ Financial Group cut shares of Rice Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $31.00 to $27.00 in a research note on Tuesday, June 20th. Capital One Financial Corporation cut shares of Rice Energy from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 20th. Finally, Williams Capital cut shares of Rice Energy from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Monday, July 3rd. Nineteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.71.

Institutional investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LP purchased a new stake in Rice Energy in the second quarter valued at approximately $118,000. FNY Partners Fund LP purchased a new stake in Rice Energy in the first quarter valued at approximately $127,000. Exane Asset Management purchased a new stake in Rice Energy in the second quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Rice Energy by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock valued at $149,000 after purchasing an additional 494 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Rice Energy by 22.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 1,362 shares during the period. Hedge funds and other institutional investors own 96.08% of the company’s stock.

Rice Energy (RICE) opened at 27.81 on Wednesday. Rice Energy has a 52-week low of $18.30 and a 52-week high of $29.55. The company’s 50 day moving average is $27.98 and its 200-day moving average is $24.97. The stock’s market cap is $5.95 billion.

Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) 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 company had revenue of $398.30 million during the quarter, compared to analysts’ expectations of $359.27 million. During the same quarter in the previous year, the firm posted ($1.07) earnings per share. Rice

Several analysts recently issued reports on the stock. Scotiabank cut shares of Rice Energy from an “outperform” rating to a “sector perform” rating and upped their price objective for the company from $25.50 to $27.00 in a research note on Monday, June 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research note on Thursday, September 14th. Mitsubishi UFJ Financial Group cut shares of Rice Energy from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $31.00 to $27.00 in a research note on Tuesday, June 20th. Capital One Financial Corporation cut shares of Rice Energy from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 20th. Finally, Williams Capital cut shares of Rice Energy from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research note on Monday, July 3rd. Nineteen equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $27.71.

Institutional investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LP purchased a new stake in Rice Energy in the second quarter valued at approximately $118,000. FNY Partners Fund LP purchased a new stake in Rice Energy in the first quarter valued at approximately $127,000. Exane Asset Management purchased a new stake in Rice Energy in the second quarter valued at approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Rice Energy by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock valued at $149,000 after purchasing an additional 494 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Rice Energy by 22.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 1,362 shares during the period. Hedge funds and other institutional investors own 96.08% of the company’s stock.

Rice Energy (RICE) opened at 27.81 on Wednesday. Rice Energy has a 52-week low of $18.30 and a 52-week high of $29.55. The company’s 50 day moving average is $27.98 and its 200-day moving average is $24.97. The stock’s market cap is $5.95 billion.

Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) 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 company had revenue of $398.30 million during the quarter, compared to analysts’ expectations of $359.27 million. During the same quarter in the previous year, the firm posted ($1.07) earnings per share. Rice Energy’s revenue for the quarter was up 155.3% compared to the same quarter last year. On average, equities analysts anticipate that Rice Energy will post $0.65 earnings per share for the current year.

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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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