Rice Energy Inc. (RICE) Downgraded to Hold at Tudor Pickering
Other research analysts also recently issued reports about the company. Jefferies Group restated a buy rating on shares of Rice Energy in a research report on Friday, September 9th. Stifel Nicolaus boosted their price target on Rice Energy from $24.00 to $30.00 and gave the company a buy rating in a report on Friday, August 5th. Zacks Investment Research upgraded Rice Energy from a hold rating to a buy rating and set a $25.00 price target for the company in a report on Wednesday, July 13th. GMP Securities started coverage on Rice Energy in a report on Wednesday, September 28th. They issued a buy rating and a $34.00 price target for the company. Finally, National Securities boosted their price target on Rice Energy from $29.00 to $30.00 and gave the company a buy rating in a report on Wednesday, September 28th. Eight research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Rice Energy currently has an average rating of Buy and a consensus price target of $27.17.
Rice Energy (NYSE:RICE) traded down 2.93% on Thursday, reaching $26.49. The company had a trading volume of 1,946,627 shares. Rice Energy has a 52-week low of $7.92 and a 52-week high of $29.36. The stock’s 50-day moving average price is $26.84 and its 200 day moving average price is $21.87. The firm’s market capitalization is $4.15 billion.
Rice Energy (NYSE:RICE) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $1.01. Rice Energy had a positive return on equity of 1.01% and a negative net margin of 70.19%. The company had revenue of $116 million for the quarter, compared to analyst estimates of $180.12 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. The company’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Rice Energy will post $0.04 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the company. Kennedy Capital Management Inc. purchased a new position in Rice Energy during the first quarter worth approximately $2,812,000. Teachers Advisors Inc. raised its position in Rice Energy by 32.0% in the first quarter. Teachers Advisors Inc. now owns 97,326 shares of the company’s stock worth $1,359,000 after buying an additional 23,593 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Rice Energy by 146.8% in the first quarter. TIAA CREF Investment Management LLC now owns 385,929 shares of the company’s stock worth $5,388,000 after buying an additional 229,543 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Rice Energy during the first quarter worth approximately $24,779,000. Finally, BlackRock Inc. raised its position in Rice Energy by 3.6% in the first quarter. BlackRock Inc. now owns 57,843 shares of the company’s stock worth $807,000 after buying an additional 2,000 shares in the last quarter. 76.44% of the stock is owned by hedge funds and other institutional investors.
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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