Rice Energy Inc. (RICE) Rating Reiterated by Williams Capital
Rice Energy Inc. (NYSE:RICE)‘s stock had its “buy” rating reaffirmed by analysts at Williams Capital in a note issued to investors on Monday. They currently have a $27.00 price target on the oil and gas producer’s stock. Williams Capital’s price target would suggest a potential upside of 37.13% from the company’s current price.
RICE has been the topic of a number of other research reports. Seaport Global Securities lowered Rice Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $28.00 to $26.00 in a report on Friday, March 31st. Stifel Nicolaus assumed coverage on Rice Energy in a report on Thursday, March 23rd. They set a “buy” rating and a $32.00 price objective on the stock. BidaskClub raised Rice Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Deutsche Bank AG lowered their price objective on Rice Energy from $33.00 to $30.00 and set a “buy” rating on the stock in a report on Tuesday, March 7th. Finally, Jefferies Group LLC set a $26.00 price objective on Rice Energy and gave the company a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $30.06.
Rice Energy (RICE) traded up 25.14% during trading on Monday, reaching $24.64. The company had a trading volume of 65,714,529 shares. The stock has a 50 day moving average of $20.86 and a 200-day moving average of $21.40. The company’s market capitalization is $5.05 billion. Rice Energy has a 12 month low of $18.30 and a 12 month high of $29.36.
Rice Energy (NYSE:RICE) last issued its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by $0.10. The company had revenue of $393.81 million for the quarter, compared to analyst estimates of $364.60 million. Rice Energy had a negative net margin of 27.73% and a positive return on equity of 2.45%. Equities research analysts expect that Rice Energy will post $0.55 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in RICE. FNY Partners Fund LP purchased a new stake in shares of Rice Energy during the first quarter worth approximately $127,000. Advisors Asset Management Inc. purchased a new stake in shares of Rice Energy during the first quarter worth approximately $190,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Rice Energy during the first quarter worth approximately $211,000. Glen Harbor Capital Management LLC purchased a new stake in shares of Rice Energy during the first quarter worth approximately $212,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Rice Energy during the first quarter worth approximately $215,000.
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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