Insider Selling: Alpha Natural Resources, Inc. Unloads 3,114,825 Shares of Rice Energy Stock (RICE)
Rice Energy (NASDAQ:RICE) Director Alpha Natural Resources, Inc. sold 3,114,825 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $26.28, for a total transaction of $81,857,601.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $36.17.
Rice Energy (NASDAQ:RICE) traded up 0.10% on Thursday, hitting $29.51. The stock had a trading volume of 962,028 shares. 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 $27.17 and its 200-day moving average is $27.84. The company has a market cap of $3.800 billion and a P/E ratio of 42.42.
Rice Energy (NASDAQ:RICE) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ 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. Analysts expect that Rice Energy will post $0.34 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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