Shares of Rice Energy Inc (NYSE:RICE) have earned a consensus rating of “Hold” from the twenty-five analysts that are covering the stock, Marketbeat.com reports. Nineteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $27.68.
Several research analysts have weighed in on the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $27.00 price target on shares of Rice Energy in a research report on Friday, September 29th. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Jefferies Group set a $26.00 price target on Rice Energy and gave the stock a “hold” rating in a research report on Thursday, October 5th. Scotiabank reaffirmed a “hold” rating and set a $27.00 price target on shares of Rice Energy in a research report on Wednesday, October 4th. Finally, Cowen set a $30.00 price target on Rice Energy and gave the stock a “buy” rating in a research report on Wednesday, October 18th.
The stock has a market capitalization of $6,690.00, a price-to-earnings ratio of -23.65 and a beta of 1.57. Rice Energy has a 52-week low of $18.30 and a 52-week high of $29.72. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36.
Several hedge funds have recently bought and sold shares of RICE. The Manufacturers Life Insurance Company increased 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 worth $195,000 after acquiring an additional 1,362 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Rice Energy during the 3rd quarter worth approximately $205,000. World Asset Management Inc acquired a new position in shares of Rice Energy during the 3rd quarter worth approximately $210,000. GeoSphere Capital Management increased its holdings in shares of Rice Energy by 100.0% during the 2nd quarter. GeoSphere Capital Management now owns 90,000 shares of the oil and gas producer’s stock worth $240,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of Rice Energy during the 3rd quarter worth approximately $264,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.
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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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