$0.12 EPS Expected for Rice Energy Inc. (RICE) This Quarter
Brokerages forecast that Rice Energy Inc. (NYSE:RICE) will post $0.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Rice Energy’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.18. Rice Energy reported earnings of ($0.07) per share during the same quarter last year, which would suggest a positive year over year growth rate of 271.4%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, August 2nd.
On average, analysts expect that Rice Energy will report full-year earnings of $0.58 per share for the current fiscal year, with EPS estimates ranging from $0.36 to $0.72. For the next year, analysts expect that the business will report earnings of $0.78 per share, with EPS estimates ranging from $0.39 to $1.18. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Rice Energy.
Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.10. The firm had revenue of $393.81 million during the quarter, compared to analysts’ expectations of $364.60 million. Rice Energy had a positive return on equity of 2.45% and a negative net margin of 27.73%.
Several equities research analysts recently commented on RICE shares. Scotiabank restated a “buy” rating and issued a $30.00 price target on shares of Rice Energy in a research report on Thursday, May 4th. Citigroup Inc. restated a “neutral” rating and issued a $25.00 price target (up previously from $23.00) on shares of Rice Energy in a research report on Saturday, April 22nd. TheStreet upgraded shares of Rice Energy from a “d+” rating to a “c-” rating in a research report on Thursday, April 6th. Stifel Nicolaus upped their price objective on shares of Rice Energy from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Tuesday, May 9th. Finally, Seaport Global Securities lowered shares of Rice Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $28.00 to $26.00 in a research note on Friday, March 31st. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. Rice Energy currently has a consensus rating of “Hold” and an average target price of $27.93.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. FNY Partners Fund LP acquired a new position in shares of Rice Energy during the first quarter valued at approximately $127,000. Exane Asset Management purchased a new stake in Rice Energy during the second quarter valued at about $132,000. Advisors Asset Management Inc. purchased a new stake in Rice Energy during the first quarter valued at about $190,000. Campbell & CO Investment Adviser LLC purchased a new stake in Rice Energy during the first quarter valued at about $211,000. Finally, Glen Harbor Capital Management LLC purchased a new stake in Rice Energy during the first quarter valued at about $212,000.
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Rice Energy (NYSE RICE) traded down 0.37% during mid-day trading on Thursday, reaching $26.67. 7,701,814 shares of the company’s stock traded hands. The company’s market capitalization is $5.47 billion. Rice Energy has a 52-week low of $18.30 and a 52-week high of $29.36. The company has a 50-day moving average of $23.60 and a 200-day moving average of $21.87.
Rice Energy Company Profile
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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