Rice Energy Inc. (RICE) Price Target Raised to $32.00 at Howard Weil
A number of other analysts also recently issued reports on RICE. Johnson Rice reaffirmed a hold rating on shares of Rice Energy in a research note on Wednesday, September 28th. Zacks Investment Research raised Rice Energy from a hold rating to a buy rating and set a $25.00 target price for the company in a research note on Wednesday, July 13th. Jefferies Group reaffirmed a buy rating and issued a $31.00 target price on shares of Rice Energy in a research note on Tuesday, September 27th. Deutsche Bank AG raised their target price on Rice Energy from $23.00 to $28.00 and gave the stock a hold rating in a research note on Wednesday, August 10th. Finally, Royal Bank Of Canada raised their target price on Rice Energy from $29.00 to $30.00 and gave the stock an outperform rating in a research note on Monday, October 3rd. Seven analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Rice Energy presently has a consensus rating of Buy and a consensus target price of $26.96.
Rice Energy (NYSE:RICE) traded up 1.87% during mid-day trading on Tuesday, reaching $27.85. 1,086,903 shares of the company were exchanged. Rice Energy has a 1-year low of $7.92 and a 1-year high of $29.36. The stock’s market capitalization is $4.36 billion. The stock’s 50-day moving average price is $26.78 and its 200-day moving average price is $21.78.
Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $1.01. Rice Energy had a negative net margin of 70.19% and a positive return on equity of 1.01%. The firm earned $116 million during the quarter, compared to analyst estimates of $180.12 million. During the same period in the prior year, the company posted $0.03 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities research analysts anticipate that Rice Energy will post $0.04 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the company. Kennedy Capital Management Inc. bought a new stake in shares of Rice Energy during the first quarter valued at about $2,812,000. Teachers Advisors Inc. increased its stake in shares of Rice Energy by 32.0% in the first quarter. Teachers Advisors Inc. now owns 97,326 shares of the company’s stock valued at $1,359,000 after buying an additional 23,593 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Rice Energy by 146.8% in the first quarter. TIAA CREF Investment Management LLC now owns 385,929 shares of the company’s stock valued at $5,388,000 after buying an additional 229,543 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new stake in shares of Rice Energy during the first quarter valued at about $24,779,000. Finally, BlackRock Inc. increased its stake in shares of Rice Energy by 3.6% in the first quarter. BlackRock Inc. now owns 57,843 shares of the company’s stock valued at $807,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 76.44% of the company’s stock.
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.
Receive News & Stock Ratings for Rice Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Energy Inc. and related stocks with our FREE daily email newsletter.