Williams Capital Trims Rice Energy Inc. (RICE) Target Price to $27.00
A number of other research analysts have also commented on the stock. Goldman Sachs Group Inc. began coverage on shares of Rice Energy in a research note on Monday. They issued a neutral rating and a $27.00 price objective on the stock. TheStreet upgraded shares of Rice Energy from a sell rating to a hold rating in a research note on Wednesday, November 2nd. Zacks Investment Research upgraded shares of Rice Energy from a hold rating to a buy rating and set a $27.00 price objective on the stock in a research note on Saturday, October 22nd. Jefferies Group set a $32.00 price objective on shares of Rice Energy and gave the company a buy rating in a research note on Tuesday, October 18th. Finally, Tudor Pickering lowered shares of Rice Energy from a buy rating to a hold rating in a research note on Thursday, October 13th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of $27.58.
Rice Energy (NYSE:RICE) opened at 22.98 on Monday. Rice Energy has a 52 week low of $7.92 and a 52 week high of $29.36. The stock’s market capitalization is $4.66 billion. The company has a 50-day moving average of $25.00 and a 200-day moving average of $23.03.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.41 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.39. Rice Energy had a negative net margin of 61.58% and a positive return on equity of 0.75%. The firm had revenue of $198.90 million for the quarter, compared to analyst estimates of $216.58 million. During the same period last year, the business earned $0.03 EPS. Rice Energy’s revenue for the quarter was up 38.5% compared to the same quarter last year. Analysts anticipate that Rice Energy will post $0.10 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of RICE. Acadian Asset Management LLC bought a new position in shares of Rice Energy during the second quarter valued at approximately $118,000. BNP Paribas Arbitrage SA bought a new position in shares of Rice Energy during the second quarter valued at approximately $162,000. Pacad Investment Ltd. bought a new position in shares of Rice Energy during the second quarter valued at approximately $179,000. Texas Capital Bancshares Inc. TX bought a new position in shares of Rice Energy during the third quarter valued at approximately $206,000. Finally, Menta Capital LLC bought a new position in shares of Rice Energy during the second quarter valued at approximately $225,000. 76.91% of the stock is owned by hedge funds and other institutional investors.
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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