Rice Energy Receives New Coverage from Analysts at FBR Capital Markets (RICE)
Research analysts at FBR Capital Markets assumed coverage on shares of Rice Energy (NASDAQ:RICE) in a report released on Wednesday. The firm set an “outperform” rating and a $38.00 price target on the stock. FBR Capital Markets’ price target would suggest a potential upside of 47.06% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Prime Executions initiated coverage on shares of Rice Energy in a research note on Tuesday. They set a “buy” rating on the stock. Separately, analysts at Iberia Capital upgraded shares of Rice Energy from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 9th. They now have a $37.00 price target on the stock. Finally, analysts at Stephens initiated coverage on shares of Rice Energy in a research note on Friday, June 27th. They set an “overweight” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $34.82.
Rice Energy (NASDAQ:RICE) opened at 25.84 on Wednesday. Rice Energy has a 1-year low of $20.78 and a 1-year high of $34.34. The stock’s 50-day moving average is $30.45 and its 200-day moving average is $27.77. The company has a market cap of $3.324 billion and a price-to-earnings ratio of 33.47.
Rice Energy (NASDAQ:RICE) last announced its earnings results 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. On average, analysts predict that Rice Energy will post $0.54 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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