Rice Energy Inc. (RICE) Given Average Rating of “Hold” by Brokerages
Shares of Rice Energy Inc. (NYSE:RICE) have been assigned a consensus rating of “Hold” from the twenty-nine brokerages that are presently covering the company, Marketbeat reports. Twenty-two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $28.03.
Several equities research analysts have commented on RICE shares. Royal Bank Of Canada set a $28.00 price target on Rice Energy and gave the stock a “buy” rating in a research note on Friday, June 2nd. BidaskClub upgraded Rice Energy from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. Mizuho restated a “buy” rating and set a $34.00 price target on shares of Rice Energy in a research note on Friday, June 16th. Jefferies Group LLC set a $26.00 price target on Rice Energy and gave the stock a “buy” rating in a research note on Saturday, June 17th. Finally, Williams Capital restated a “buy” rating and set a $27.00 price target on shares of Rice Energy in a research note on Monday, June 19th.
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A number of hedge funds and other institutional investors have recently modified their holdings of RICE. Seven Eight Capital LP bought a new position in Rice Energy during the 2nd quarter valued at $118,000. FNY Partners Fund LP bought a new stake in shares of Rice Energy during the 1st quarter worth $127,000. Exane Asset Management bought a new stake in shares of Rice Energy during the 2nd quarter worth $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Rice Energy by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after acquiring an additional 494 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in shares of Rice Energy during the 1st quarter worth $190,000. 96.08% of the stock is owned by hedge funds and other institutional investors.
Rice Energy (NYSE:RICE) opened at 28.67 on Friday. The stock’s 50 day moving average price is $27.33 and its 200-day moving average price is $23.82. The stock’s market capitalization is $6.13 billion. Rice Energy has a 12-month low of $18.30 and a 12-month high of $29.55.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 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 analyst estimates of $359.27 million. Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The business’s revenue was up 155.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.07) earnings per share. Analysts expect that Rice Energy will post $0.72 earnings per share for the current year.
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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