Rice Energy Price Target Increased to $39.00 by Analysts at Howard Weil (RICE)
Howard Weil upped their price objective on shares of Rice Energy (NASDAQ:RICE) from $33.00 to $39.00 in a research note issued on Friday. The firm currently has a “sector outperform” rating on the stock. Howard Weil’s price target would suggest a potential upside of 17.05% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. reiterated a “hold” rating on shares of Rice Energy in a research note on Wednesday, May 21st. They now have a $31.00 price target on the stock, up previously from $27.00. Separately, analysts at Mizuho initiated coverage on shares of Rice Energy in a research note on Wednesday, May 21st. They set a “buy” rating and a $35.00 price target on the stock. Finally, 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. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Rice Energy has a consensus rating of “Buy” and an average target price of $33.50.
Shares of Rice Energy (NASDAQ:RICE) opened at 33.32 on Friday. Rice Energy has a 52-week low of $20.78 and a 52-week high of $34.34. The stock has a 50-day moving average of $30.51 and a 200-day moving average of $27.06.
Rice Energy (NASDAQ:RICE) last posted its quarterly 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. Analysts expect that Rice Energy will post $0.56 EPS for the current fiscal year.
Rice Energy Inc (NASDAQ:RICE) is an independent natural gas and oil company.
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