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Research analysts at Stephens began coverage on shares of Rice Energy (NASDAQ:RICE) in a report released on Friday, reports. The firm set an “overweight” rating on the stock.

Rice Energy (NASDAQ:RICE) opened at 29.65 on Friday. Rice Energy has a 52-week low of $20.78 and a 52-week high of $34.34. The stock’s 50-day moving average is $31.12 and its 200-day moving average is $27.70. The company has a market cap of $3.801 billion and a P/E ratio of 38.21.

Rice Energy (NASDAQ:RICE) last released its earnings data 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 $0.54 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at GMP Securities initiated coverage on shares of Rice Energy in a research note on Tuesday. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at Johnson Rice downgraded shares of Rice Energy from an “overweight” rating to an “equal weight” rating in a research note on Thursday, June 12th. Finally, analysts at Howard Weil raised their price target on shares of Rice Energy from $33.00 to $39.00 in a research note on Friday, June 6th. They now have a “sector outperform” rating on the stock. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Rice Energy currently has a consensus rating of “Buy” and a consensus price target of $34.22.

Rice Energy Inc (NASDAQ:RICE) is an independent natural gas and oil company.

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