Zacks: Brokerages Anticipate Rice Energy Inc. (RICE) to Announce $0.13 Earnings Per Share
Equities analysts predict that Rice Energy Inc. (NYSE:RICE) will report $0.13 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Rice Energy’s earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.05. The business is scheduled to announce its next earnings report on Wednesday, November 1st.
According to Zacks, analysts expect that Rice Energy will report full-year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.36 to $0.94. For the next year, analysts expect that the firm will report earnings of $0.82 per share, with EPS estimates ranging from $0.39 to $1.71. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Rice Energy.
Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $398.30 million for the quarter, compared to the consensus estimate of $359.27 million. Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. Rice Energy’s quarterly revenue was up 155.3% on a year-over-year basis. During the same period in the prior year, the company posted ($1.07) earnings per share.
A number of equities analysts recently weighed in on RICE shares. Jefferies Group LLC downgraded shares of Rice Energy from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BMO Capital Markets set a $30.00 target price on shares of Rice Energy and gave the stock a “buy” rating in a report on Tuesday, August 8th. Stephens downgraded shares of Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 target price on the stock. in a report on Thursday, August 3rd. Mitsubishi UFJ Financial Group downgraded shares of Rice Energy from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $31.00 to $27.00 in a report on Tuesday, June 20th. Finally, Williams Capital downgraded shares of Rice Energy from a “buy” rating to a “hold” rating and set a $27.00 target price on the stock. in a report on Monday, July 3rd. Twenty-two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Rice Energy presently has a consensus rating of “Hold” and a consensus target price of $28.16.
Rice Energy (NYSE RICE) traded down 0.14% during mid-day trading on Friday, hitting $28.67. 5,929,470 shares of the company traded hands. The company’s 50-day moving average is $27.33 and its 200-day moving average is $23.82. Rice Energy has a one year low of $18.30 and a one year high of $29.55. The stock’s market capitalization is $6.13 billion.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Rice Energy by 2.3% during the second quarter. Vanguard Group Inc. now owns 12,999,586 shares of the oil and gas producer’s stock worth $346,180,000 after purchasing an additional 297,124 shares during the period. PointState Capital LP lifted its position in Rice Energy by 16.4% during the second quarter. PointState Capital LP now owns 8,521,214 shares of the oil and gas producer’s stock worth $226,920,000 after purchasing an additional 1,203,454 shares during the period. BlackRock Inc. lifted its position in Rice Energy by 6.8% during the second quarter. BlackRock Inc. now owns 5,426,111 shares of the oil and gas producer’s stock worth $144,498,000 after purchasing an additional 347,833 shares during the period. CNH Partners LLC bought a new stake in Rice Energy during the second quarter worth about $140,605,000. Finally, State Street Corp lifted its position in Rice Energy by 8.7% during the second quarter. State Street Corp now owns 4,377,768 shares of the oil and gas producer’s stock worth $116,583,000 after purchasing an additional 349,798 shares during the period. 96.08% of the stock is owned by institutional investors and hedge funds.
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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