Rice Energy Given New $40.00 Price Target at SunTrust (RICE)
Stock analysts at SunTrust increased their price target on shares of Rice Energy (NASDAQ:RICE) from $38.00 to $40.00 in a report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. SunTrust’s target price would indicate a potential upside of 31.19% from the company’s current price.
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 for the quarter, beating the analysts’ 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. Rice Energy’s revenue was up 585.6% compared to the same quarter last year. On average, analysts predict that Rice Energy will post $0.64 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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 analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Rice Energy has a consensus rating of “Hold” and an average price target of $30.57.
Rice Energy Inc (NASDAQ:RICE) is an independent natural gas and oil company.
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