4,429 Shares in Rice Energy Inc. (RICE) Purchased by Seven Eight Capital LP
Seven Eight Capital LP purchased a new position in Rice Energy Inc. (NYSE:RICE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 4,429 shares of the oil and gas producer’s stock, valued at approximately $118,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RICE. FNY Partners Fund LP purchased a new position in Rice Energy in the 1st quarter worth approximately $127,000. Exane Asset Management purchased a new position in Rice Energy in the 2nd quarter worth approximately $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Rice Energy by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after acquiring an additional 494 shares during the period. Advisors Asset Management Inc. purchased a new position in Rice Energy in the 1st quarter worth approximately $190,000. Finally, Engineers Gate Manager LP purchased a new position in Rice Energy in the 1st quarter worth approximately $215,000. Hedge funds and other institutional investors own 96.08% of the company’s stock.
Shares of Rice Energy Inc. (NYSE:RICE) opened at 28.68 on Thursday. Rice Energy Inc. has a 52-week low of $18.30 and a 52-week high of $29.55. The firm’s market capitalization is $6.13 billion. The company’s 50 day moving average price is $27.34 and its 200 day moving average price is $24.01.
Rice Energy (NYSE:RICE) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 EPS 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 the consensus estimate of $359.27 million. Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. Rice Energy’s quarterly revenue was up 155.3% compared to the same quarter last year. During the same quarter last year, the business earned ($1.07) EPS. Analysts forecast that Rice Energy Inc. will post $0.72 earnings per share for the current year.
A number of equities analysts have weighed in on the company. BidaskClub upgraded Rice Energy from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. Royal Bank Of Canada set a $28.00 price target on Rice Energy and gave the stock a “buy” rating in a report on Friday, June 2nd. Jefferies Group LLC set a $26.00 price target on Rice Energy and gave the stock a “buy” rating in a report on Saturday, June 17th. Scotiabank cut Rice Energy from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $25.50 to $27.00 in a report on Monday, June 26th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a report on Thursday, September 14th. Twenty-two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $28.16.
Rice Energy 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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