Rice Energy Inc (NYSE:RICE) has been assigned a consensus rating of “Hold” from the twenty-five ratings firms that are presently covering the stock, Marketbeat reports. Nineteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.68.

A number of research firms have issued reports on RICE. BidaskClub upgraded shares of Rice Energy from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. BMO Capital Markets set a $30.00 price objective on Rice Energy and gave the company a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $27.00 target price on shares of Rice Energy in a research note on Friday, September 29th. 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. Finally, Jefferies Group reiterated a “hold” rating and set a $26.00 price target on shares of Rice Energy in a research note on Wednesday, August 16th.

Shares of Rice Energy (NYSE:RICE) opened at $29.32 on Friday. The firm has a market cap of $6,690.00, a P/E ratio of 45.81 and a beta of 1.57. Rice Energy has a 1-year low of $18.30 and a 1-year high of $29.72. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36.

A number of institutional investors have recently modified their holdings of the stock. ProShare Advisors LLC lifted its position in shares of Rice Energy by 1.5% in the 2nd quarter. ProShare Advisors LLC now owns 15,173 shares of the oil and gas producer’s stock valued at $404,000 after acquiring an additional 220 shares in the last quarter. Comerica Bank raised its holdings in shares of Rice Energy by 1.8% during the 2nd quarter. Comerica Bank now owns 16,279 shares of the oil and gas producer’s stock valued at $444,000 after purchasing an additional 288 shares in the last quarter. Public Employees Retirement Association of Colorado raised its holdings in shares of Rice Energy by 1.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 25,669 shares of the oil and gas producer’s stock valued at $684,000 after purchasing an additional 411 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 valued at $149,000 after purchasing an additional 494 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Rice Energy by 22.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 1,362 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.

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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.

Analyst Recommendations for Rice Energy (NYSE:RICE)

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