Analysts Expect Rice Energy Inc. (RICE) to Announce $0.14 EPS
Wall Street analysts expect Rice Energy Inc. (NYSE:RICE) to report earnings of $0.14 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Rice Energy’s earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.07. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, November 1st.
On average, analysts expect that Rice Energy will report full year earnings of $0.64 per share for the current fiscal year, with EPS estimates ranging from $0.53 to $0.83. For the next fiscal year, analysts forecast that the company will report earnings of $1.01 per share, with EPS estimates ranging from $0.57 to $1.76. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Rice Energy.
Rice Energy (NYSE:RICE) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates 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%. The company’s revenue was up 155.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.07) EPS.
Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a research report on Friday, September 29th. BidaskClub raised shares of Rice Energy from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a research report on Thursday, September 14th. Jefferies Group LLC set a $26.00 price target on shares of Rice Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a research report on Thursday, August 3rd. Nineteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $27.71.
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Shares of Rice Energy (RICE) traded up 1.96% during midday trading on Monday, reaching $28.67. The company had a trading volume of 687,586 shares. The company has a 50 day moving average of $28.06 and a 200 day moving average of $25.10. The company’s market capitalization is $6.13 billion. Rice Energy has a one year low of $18.30 and a one year high of $29.55.
Several large investors have recently added to or reduced their stakes in RICE. CNH Partners LLC acquired a new stake in shares of Rice Energy in the second quarter worth $140,605,000. BlackRock Inc. increased its stake in shares of Rice Energy by 4,630.0% in the first quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock worth $120,357,000 after acquiring an additional 4,970,915 shares during the period. Alpine Associates Management Inc. acquired a new stake in shares of Rice Energy in the second quarter worth $108,512,000. Pentwater Capital Management LP acquired a new stake in shares of Rice Energy in the second quarter worth $49,798,000. Finally, PointState Capital LP increased its stake in shares of Rice Energy by 16.4% in 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 acquiring an additional 1,203,454 shares during the period. Hedge funds and other institutional investors own 96.08% of the company’s stock.
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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