Rice Energy Inc. (RICE) Given a $27.00 Price Target by Royal Bank Of Canada Analysts
Rice Energy Inc. (NYSE:RICE) has been given a $27.00 target price by equities research analysts at Royal Bank Of Canada in a research note issued on Thursday. The firm currently has a “hold” rating on the oil and gas producer’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 1.05% from the company’s current price.
RICE has been the topic of several other research reports. Mizuho cut shares of Rice Energy from a “buy” rating to a “neutral” rating and set a $27.50 price objective on the stock. in a research report on Monday, July 10th. BMO Capital Markets set a $30.00 target price on shares of Rice Energy and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Scotiabank reiterated a “buy” rating and issued a $30.00 target price on shares of Rice Energy in a research report on Thursday, May 4th. BidaskClub cut shares of Rice Energy from a “hold” rating to a “sell” rating in a research report on Friday, June 23rd. Finally, Williams Capital reiterated a “buy” rating and issued a $27.00 target price on shares of Rice Energy in a research report on Monday, June 19th. Twenty research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.20.
Shares of Rice Energy (NYSE:RICE) traded down 0.37% on Thursday, reaching $26.72. The company’s stock had a trading volume of 2,168,605 shares. The company’s market cap is $5.71 billion. The firm has a 50 day moving average of $27.00 and a 200 day moving average of $23.07. Rice Energy has a 52-week low of $18.30 and a 52-week high of $29.55.
Rice Energy (NYSE:RICE) last posted its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $398.30 million for the quarter, compared to analysts’ expectations of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The business’s quarterly revenue was up 155.3% compared to the same quarter last year. During the same quarter last year, the business posted ($1.07) EPS. Analysts predict that Rice Energy will post $0.66 earnings per share for the current year.
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Large investors have recently made changes to their positions in the stock. Seven Eight Capital LP bought a new stake in shares of Rice Energy during the second quarter worth $118,000. Exane Asset Management acquired a new stake in Rice Energy during the second quarter valued at approximately $132,000. FNY Partners Fund LP acquired a new stake in Rice Energy during the first quarter valued at approximately $127,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Rice Energy by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock valued at $149,000 after buying an additional 494 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Rice Energy by 22.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock valued at $195,000 after buying an additional 1,362 shares during the last quarter. 97.27% of the stock is currently 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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