Rice Energy Inc. (RICE) Given a $32.00 Price Target at Jefferies Group
A number of other equities analysts have also recently issued reports on the company. Tudor Pickering cut Rice Energy from a buy rating to a hold rating in a report on Thursday, October 13th. Scotiabank restated a sector outperform rating and issued a $32.00 target price (up from $30.00) on shares of Rice Energy in a report on Wednesday, October 12th. Howard Weil lifted their target price on Rice Energy from $30.00 to $32.00 and gave the stock a sector outperform rating in a report on Tuesday, October 11th. Mizuho began coverage on Rice Energy in a report on Wednesday, October 5th. They issued a buy rating and a $43.00 target price on the stock. Finally, KLR Group lifted their target price on Rice Energy from $37.00 to $41.00 and gave the stock a buy rating in a report on Monday, October 3rd. Eight analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Rice Energy presently has an average rating of Buy and a consensus target price of $27.21.
Shares of Rice Energy (NYSE:RICE) traded down 1.196% during midday trading on Tuesday, reaching $25.195. The company’s stock had a trading volume of 2,523,655 shares. The stock’s market capitalization is $3.95 billion. The stock has a 50-day moving average price of $26.75 and a 200 day moving average price of $22.25. Rice Energy has a 52 week low of $7.92 and a 52 week high of $29.36.
Rice Energy (NYSE:RICE) last issued its earnings results on Wednesday, August 3rd. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.06) by $1.01. The company earned $116 million during the quarter, compared to analyst estimates of $180.12 million. Rice Energy had a positive return on equity of 1.01% and a negative net margin of 70.19%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Equities analysts forecast that Rice Energy will post $0.04 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of RICE. Acadian Asset Management LLC purchased a new position in shares of Rice Energy during the second quarter valued at about $118,000. BNP Paribas Arbitrage SA purchased a new position in shares of Rice Energy during the second quarter valued at about $162,000. Pacad Investment Ltd. purchased a new position in shares of Rice Energy during the second quarter valued at about $179,000. Texas Capital Bancshares Inc. TX purchased a new position in shares of Rice Energy during the third quarter valued at about $206,000. Finally, Menta Capital LLC purchased a new position in shares of Rice Energy during the second quarter valued at about $225,000. Hedge funds and other institutional investors own 76.46% 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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