Rice Energy Receives Average Rating of “Buy” from Analysts (NASDAQ:RICE)
Shares of Rice Energy (NASDAQ:RICE) have earned an average recommendation of “Buy” from the twenty analysts that are presently covering the company, American Banking & Market News reports. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $36.17.
Shares of Rice Energy (NASDAQ:RICE) opened at 28.71 on Wednesday. Rice Energy has a one year low of $20.78 and a one year high of $34.34. The stock’s 50-day moving average is $27.28 and its 200-day moving average is $27.68. The company has a market cap of $3.697 billion and a P/E ratio of 40.43.
Rice Energy (NASDAQ:RICE) last announced its earnings results on Monday, August 11th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters 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 $0.37 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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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