Rice Energy Rating Reiterated by Citigroup Inc. (RICE)
Rice Energy (NASDAQ:RICE)‘s stock had its “hold” rating reiterated by equities research analysts at Citigroup Inc. in a research note issued to investors on Wednesday. They currently have a $31.00 price objective on the stock, up from their previous price objective of $27.00. Citigroup Inc.’s target price would suggest a potential upside of 1.37% from the company’s current price.
A number of other firms have also recently commented on RICE. Analysts at Mizuho initiated coverage on shares of Rice Energy in a research note on Wednesday. They set a “buy” rating and a $35.00 price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Rice Energy in a research note on Friday, May 16th. They now have a $32.00 price target on the stock, up previously from $30.00. Finally, analysts at Goldman Sachs raised their price target on shares of Rice Energy from $31.00 to $32.00 in a research note on Thursday, May 15th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.50.
Rice Energy (NASDAQ:RICE) traded up 0.49% on Wednesday, hitting $30.73. The stock had a trading volume of 116,528 shares. Rice Energy has a 52 week low of $20.78 and a 52 week high of $32.09. The stock has a 50-day moving average of $29.33 and a 200-day moving average of $26.47.
Rice Energy (NASDAQ:RICE) last released its earnings data on Tuesday, May 13th. The company reported $0.99 EPS for the quarter, beating the Thomson Reuters 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 quarterly revenue was up 585.6% on a year-over-year basis. Analysts expect that Rice Energy will post $0.57 EPS for the current fiscal year.
Rice Energy Inc (NASDAQ:RICE) is an independent natural gas and oil company.
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