Rice Energy Given Consensus Rating of “Buy” by Analysts (NASDAQ:RICE)
Shares of Rice Energy (NASDAQ:RICE) have been given an average rating of “Buy” by the twenty ratings firms that are presently covering the company, Stock Ratings Network reports. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $36.17.
Rice Energy (NASDAQ:RICE) traded down 2.84% on Wednesday, hitting $27.68. The stock had a trading volume of 173,348 shares. 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 $27.42 and a 200-day moving average of $27.63. The company has a market cap of $3.555 billion and a price-to-earnings ratio of 50.42.
Rice Energy (NASDAQ:RICE) last released its earnings data on Monday, August 11th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.03. The company had revenue of $91.94 million for the quarter, compared to the consensus estimate of $90.02 million. On average, analysts predict that Rice Energy will post $0.40 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on RICE shares. Analysts at Canaccord Genuity initiated coverage on shares of Rice Energy in a research note on Wednesday, July 16th. They set a “buy” rating and a $51.00 price target on the stock. Separately, analysts at FBR Capital Markets initiated coverage on shares of Rice Energy in a research note on Wednesday, July 16th. They set an “outperform” rating and a $38.00 price target on the stock. Finally, analysts at Prime Executions initiated coverage on shares of Rice Energy in a research note on Tuesday, July 15th. They set a “buy” rating on the stock.
Rice Energy Inc (NASDAQ:RICE) is an independent natural gas and oil company.
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