Rice Energy Inc. (RICE) Given Consensus Rating of “Buy” by Analysts
Rice Energy Inc. (NYSE:RICE) has been assigned a consensus recommendation of “Buy” from the twenty-eight analysts that are currently covering the stock. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $28.50.
A number of analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Rice Energy from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. National Securities restated a “buy” rating on shares of Rice Energy in a research note on Monday, November 7th. Williams Capital dropped their price target on shares of Rice Energy from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Monday, November 7th. Goldman Sachs Group Inc. assumed coverage on shares of Rice Energy in a research note on Monday, November 7th. They issued a “neutral” rating and a $27.00 price target for the company. Finally, TheStreet upgraded shares of Rice Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 2nd.
Rice Energy (NYSE:RICE) opened at 24.01 on Tuesday. The stock’s market cap is $4.86 billion. Rice Energy has a 12 month low of $7.92 and a 12 month high of $29.36. The firm’s 50-day moving average is $24.65 and its 200-day moving average is $23.06.
Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, November 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.39. The company had revenue of $198.90 million for the quarter, compared to analyst estimates of $216.58 million. Rice Energy had a negative net margin of 61.58% and a positive return on equity of 0.75%. The business’s quarterly revenue was up 38.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 earnings per share. On average, equities analysts forecast that Rice Energy will post $0.09 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Carlton Hofferkamp & Jenks Wealth Management LLC bought a new stake in Rice Energy during the second quarter valued at about $454,000. BNP Paribas Arbitrage SA bought a new stake in Rice Energy during the second quarter valued at about $162,000. Barclays PLC increased its stake in Rice Energy by 572.6% in the first quarter. Barclays PLC now owns 58,586 shares of the company’s stock valued at $762,000 after buying an additional 49,876 shares during the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Rice Energy during the first quarter valued at about $509,000. Finally, Springbok Capital Management LLC bought a new stake in Rice Energy during the first quarter valued at about $713,000. Hedge funds and other institutional investors own 75.80% 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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