Rice Energy Inc. (RICE) Stock Rating Upgraded by BidaskClub
Rice Energy Inc. (NYSE:RICE) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday.
A number of other analysts also recently weighed in on the stock. Cowen and Company set a $30.00 price target on shares of Rice Energy and gave the company a “buy” rating in a research report on Wednesday, July 19th. Scotiabank reiterated a “buy” rating and issued a $29.00 price target on shares of Rice Energy in a research report on Monday, June 19th. Wolfe Research downgraded shares of Rice Energy from an “outperform” rating to a “market perform” rating and increased their price target for the company from $24.00 to $27.00 in a research report on Thursday, June 29th. KLR Group downgraded shares of Rice Energy from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $27.00 in a research report on Tuesday, June 27th. Finally, Royal Bank Of Canada set a $27.00 price target on shares of Rice Energy and gave the company a “hold” rating in a research report on Thursday, August 24th. Twenty equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Rice Energy has a consensus rating of “Hold” and a consensus target price of $27.88.
Rice Energy (RICE) traded up 0.31% during midday trading on Thursday, hitting $28.94. 3,823,434 shares of the stock were exchanged. The company has a 50 day moving average price of $27.34 and a 200 day moving average price of $24.01. Rice Energy has a one year low of $18.30 and a one year high of $29.55. The firm’s market capitalization is $6.19 billion.
Rice Energy (NYSE:RICE) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The business had revenue of $398.30 million during the quarter, compared to the consensus estimate of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The firm’s revenue for the quarter was up 155.3% compared to the same quarter last year. During the same period last year, the business posted ($1.07) EPS. Equities analysts anticipate that Rice Energy will post $0.72 EPS for the current year.
Several institutional investors have recently made changes to their positions in RICE. Seven Eight Capital LP bought a new stake in shares of Rice Energy in the second quarter valued at about $118,000. FNY Partners Fund LP bought a new stake in shares of Rice Energy in the first quarter valued at about $127,000. Exane Asset Management bought a new stake in shares of Rice Energy in the second quarter valued at about $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 acquiring an additional 494 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in shares of Rice Energy in the first quarter valued at about $190,000. 96.08% of the stock is owned by 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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