Rice Energy Inc. (NYSE:RICE) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

A number of other research analysts have also commented on RICE. BMO Capital Markets set a $30.00 price objective on shares of Rice Energy and gave the company a “buy” rating in a research note on Tuesday, August 8th. Jefferies Group LLC reiterated a “hold” rating and set a $26.00 price target on shares of Rice Energy in a research note on Wednesday. Scotiabank reiterated a “hold” rating and set a $27.00 price target on shares of Rice Energy in a research note on Thursday, August 3rd. Royal Bank Of Canada lowered shares of Rice Energy from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from $28.00 to $25.00 in a research note on Tuesday, June 20th. Finally, Williams Capital lowered shares of Rice Energy from a “buy” rating to a “hold” rating and set a $27.00 price target on the stock. in a research note on Monday, July 3rd. Twenty research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $28.11.

Shares of Rice Energy (NYSE:RICE) opened at 26.66 on Thursday. The stock’s market capitalization is $5.70 billion. The stock’s 50 day moving average is $26.96 and its 200 day moving average is $22.82. Rice Energy has a 1-year low of $18.30 and a 1-year high of $29.55.

Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $398.30 million during the quarter, compared to analyst estimates of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The company’s revenue for the quarter was up 155.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.07) earnings per share. On average, equities analysts forecast that Rice Energy will post $0.57 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in RICE. New York State Teachers Retirement System raised its stake in Rice Energy by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,500 shares of the oil and gas producer’s stock valued at $224,000 after buying an additional 100 shares during the last quarter. ProShare Advisors LLC raised its stake in Rice Energy by 1.5% in the second quarter. ProShare Advisors LLC now owns 15,173 shares of the oil and gas producer’s stock valued at $404,000 after buying an additional 220 shares during the last quarter. Comerica Bank raised its stake in Rice Energy by 1.8% in the second quarter. Comerica Bank now owns 16,279 shares of the oil and gas producer’s stock valued at $444,000 after buying an additional 288 shares during the last quarter. Stifel Financial Corp raised its stake in Rice Energy by 0.5% in the first quarter. Stifel Financial Corp now owns 65,282 shares of the oil and gas producer’s stock valued at $1,541,000 after buying an additional 296 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Rice Energy by 0.5% in the first quarter. Royal Bank of Canada now owns 67,527 shares of the oil and gas producer’s stock valued at $943,000 after buying an additional 332 shares during the last quarter. 97.27% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Rice Energy (NYSE:RICE)

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