Rice Energy (RICE) Announces Quarterly Earnings, Beats Expectations By $0.86 EPS
Rice Energy (NASDAQ:RICE) announced its earnings results on Tuesday. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.86, ARN reports. The company had revenue of $90.47 million for the quarter, compared to the consensus estimate of $76.63 million.
RICE has been the subject of a number of recent research reports. Analysts at Barclays raised their price target on shares of Rice Energy from $28.00 to $30.00 in a research note on Wednesday, April 23rd. They now have an “overweight” rating on the stock. On the ratings front, analysts at Clarkson Capital downgraded shares of Rice Energy from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 22nd. They now have a $29.00 price target on the stock. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $29.33.
Shares of Rice Energy (NASDAQ:RICE) opened at 28.84 on Tuesday. Rice Energy has a 1-year low of $20.78 and a 1-year high of $32.09. The stock has a 50-day moving average of $28. and a 200-day moving average of $26.15.
Rice Energy Inc (NASDAQ:RICE) is an independent natural gas and oil company.
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