Rice Energy Inc (RICE) Receives Consensus Rating of “Buy” from Analysts
Shares of Rice Energy Inc (NYSE:RICE) have earned a consensus rating of “Buy” from the twenty-two ratings firms that are currently covering the company. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $31.00.
A number of research analysts recently issued reports on RICE shares. Deutsche Bank AG decreased their price objective on Rice Energy from $33.00 to $30.00 and set a “buy” rating for the company in a report on Tuesday, March 7th. Scotiabank set a $31.00 price objective on Rice Energy and gave the stock a “buy” rating in a report on Monday, March 20th. SunTrust Banks, Inc. downgraded Rice Energy from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Williams Capital upgraded Rice Energy from a “hold” rating to a “buy” rating and increased their price objective for the stock from $25.00 to $27.00 in a report on Tuesday, January 24th. Finally, Barclays PLC reiterated a “buy” rating on shares of Rice Energy in a report on Wednesday, March 1st.
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Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Rice Energy by 4,630.0% in the first quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock valued at $120,357,000 after buying an additional 4,970,915 shares in the last quarter. Lone Pine Capital LLC bought a new position in shares of Rice Energy during the fourth quarter valued at $79,743,000. Carlyle Group L.P. bought a new position in shares of Rice Energy during the fourth quarter valued at $52,583,000. Brenham Capital Management L.P. bought a new position in shares of Rice Energy during the third quarter valued at $60,053,000. Finally, Neuberger Berman Group LLC boosted its position in shares of Rice Energy by 4,932.1% in the first quarter. Neuberger Berman Group LLC now owns 1,646,395 shares of the oil and gas producer’s stock valued at $39,020,000 after buying an additional 1,613,677 shares in the last quarter. 94.27% of the stock is owned by hedge funds and other institutional investors.
Shares of Rice Energy (NYSE:RICE) traded up 0.62% during trading on Monday, reaching $22.81. The company had a trading volume of 902,678 shares. The firm’s market capitalization is $4.68 billion. The company has a 50 day moving average of $22.49 and a 200-day moving average of $21.89. Rice Energy has a 52-week low of $17.81 and a 52-week high of $29.36.
Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.10. The firm had revenue of $393.81 million for the quarter, compared to the consensus estimate of $364.60 million. Rice Energy had a positive return on equity of 0.75% and a negative net margin of 61.58%. Equities analysts expect that Rice Energy will post $0.68 earnings per share for the current year.
About Rice Energy
Rice Energy Inc (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company conducts its operations through two segments: Exploration and Production, and Midstream.
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