Rice Energy Inc. (NYSE:RICE) Scheduled to Post Earnings on Wednesday
Rice Energy Inc. (NYSE:RICE) will be posting its quarterly earnings results after the market closes on Wednesday, August 2nd. Analysts expect Rice Energy to post earnings of $0.11 per share for the quarter.
Rice Energy (NYSE:RICE) last released its quarterly earnings results 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. Rice Energy had a positive return on equity of 2.45% and a negative net margin of 27.73%. The company had revenue of $393.81 million for the quarter, compared to analysts’ expectations of $364.60 million. On average, analysts expect Rice Energy to post $0.58 EPS for the current fiscal year and $0.78 EPS for the next fiscal year.
Rice Energy Inc. (NYSE RICE) traded up 4.00% during trading on Thursday, hitting $28.89. The company had a trading volume of 7,671,147 shares. The company’s 50 day moving average price is $24.67 and its 200-day moving average price is $22.10. The company’s market cap is $5.92 billion. Rice Energy Inc. has a 12 month low of $18.30 and a 12 month high of $29.36.
A number of equities research analysts recently weighed in on the stock. Williams Capital downgraded shares of Rice Energy from a “buy” rating to a “hold” rating and set a $27.00 price objective for the company. in a research report on Monday, July 3rd. Wolfe Research downgraded shares of Rice Energy from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $24.00 to $27.00 in a research report on Thursday, June 29th. KLR Group downgraded shares of Rice Energy from a “buy” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $27.00 in a research report on Tuesday, June 27th. Cowen and Company set a $30.00 target price on shares of Rice Energy and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC cut shares of Rice Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.93.
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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