Mizuho reiterated their hold rating on shares of Rice Energy Inc. (NYSE:RICE) in a research report report published on Friday, October 27th. They currently have a $27.50 target price on the oil and gas producer’s stock.
A number of other equities research analysts have also recently issued reports on RICE. Cowen and Company set a $30.00 price objective on Rice Energy and gave the stock a buy rating in a research note on Wednesday, July 19th. Wolfe Research cut Rice Energy from an outperform rating to a market perform rating and upped their price objective for the stock from $24.00 to $27.00 in a research note on Thursday, June 29th. Goldman Sachs Group, Inc. (The) cut Rice Energy from a buy rating to a neutral rating and dropped their price objective for the stock from $29.00 to $26.00 in a research note on Friday, September 8th. Royal Bank Of Canada set a $27.00 price objective on Rice Energy and gave the stock a hold rating in a research note on Thursday, August 24th. Finally, Stifel Nicolaus restated a hold rating and issued a $27.00 price target on shares of Rice Energy in a research note on Thursday, September 14th. Nineteen investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of Hold and an average target price of $27.71.
Rice Energy (RICE) traded down $0.34 during midday trading on Friday, reaching $29.32. The company’s stock had a trading volume of 26,809,100 shares, compared to its average volume of 5,313,636. The company has a market cap of $6,685.94, a PE ratio of 45.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. Rice Energy has a 12-month low of $18.30 and a 12-month high of $29.72.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LP acquired a new stake in Rice Energy during the second quarter worth approximately $118,000. FNY Partners Fund LP acquired a new stake in Rice Energy during the first quarter worth approximately $127,000. Exane Asset Management acquired a new stake in Rice Energy during the second quarter worth approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in 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, The Manufacturers Life Insurance Company grew its stake in Rice Energy by 22.9% during the second quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock worth $195,000 after purchasing an additional 1,362 shares during the period. 87.22% of the stock is owned by institutional investors and hedge funds.
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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