RBC Capital Increases Rice Energy Price Target to $30.00 (RICE)
Research analysts at RBC Capital increased their price objective on shares of Rice Energy (NASDAQ:RICE) from $29.00 to $30.00 in a report released on Wednesday, AmericanBankingNews.com reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would suggest a potential downside of 1.61% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at SunTrust raised their price target on shares of Rice Energy from $38.00 to $40.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $30.57.
Rice Energy (NASDAQ:RICE) opened at 30.49 on Wednesday. Rice Energy has a 52 week low of $20.78 and a 52 week high of $32.09. The stock’s 50-day moving average is $28.79 and its 200-day moving average is $26.20.
Rice Energy (NASDAQ:RICE) last announced its earnings results on Tuesday, May 13th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.86. The company had revenue of $90.47 million for the quarter, compared to the consensus estimate of $76.63 million. The company’s revenue for the quarter was up 585.6% on a year-over-year basis. On average, analysts predict that Rice Energy will post $0.64 earnings per share for the current fiscal year.
Rice Energy Inc (NASDAQ:RICE) is an independent natural gas and oil company.
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