Rice Energy Downgraded to Market Perform at Clarkson Capital (RICE)
Rice Energy (NASDAQ:RICE) was downgraded by stock analysts at Clarkson Capital from an “outperform” rating to a “market perform” rating in a report issued on Tuesday, Analyst RN reports. They currently have a $29.00 price objective on the stock. Clarkson Capital’s target price suggests a potential downside of 4.39% from the company’s current price.
Shares of Rice Energy (NASDAQ:RICE) opened at 30.33 on Tuesday. Rice Energy has a 52-week low of $20.78 and a 52-week high of $30.63. The stock has a 50-day moving average of $26.4 and a 200-day moving average of $25.22.
Rice Energy (NASDAQ:RICE) last announced its earnings results on Thursday, March 13th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.08 by $0.15. The company had revenue of $55.61 million for the quarter, compared to the consensus estimate of $71.53 million. On average, analysts predict that Rice Energy will post $0.60 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Tudor Pickering initiated coverage on shares of Rice Energy in a research note on Wednesday, March 26th. They set an “accumulate” rating on the stock. Separately, analysts at Iberia Capital initiated coverage on shares of Rice Energy in a research note on Wednesday, February 19th. They set a “sector perform” rating on the stock. Finally, analysts at Sterne Agee initiated coverage on shares of Rice Energy in a research note on Tuesday, February 18th. They set a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $29.00.
Rice Energy Inc (NASDAQ:RICE) is an independent natural gas and oil company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.