Somewhat Positive News Coverage Somewhat Unlikely to Affect Rice Energy (RICE) Stock Price
News stories about Rice Energy (NYSE:RICE) have trended somewhat positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rice Energy earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave media coverage about the oil and gas producer an impact score of 46.1669438799662 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Rice Energy Inc. (RICE) Downgraded by BidaskClub to Hold (americanbankingnews.com)
- Jefferies Group LLC Analysts Give Rice Energy Inc. (RICE) a $26.00 Price Target (americanbankingnews.com)
- Rice Energy Inc. (RICE) stock rose 13.09% in recent quarter – Street Observer (press release) (streetobserver.com)
- Rice Energy Inc. (RICE) Expected to Post Quarterly Sales of $356.21 Million (americanbankingnews.com)
- Scotiabank Reiterates “Hold” Rating for Rice Energy Inc. (RICE) (americanbankingnews.com)
Shares of Rice Energy (NYSE RICE) opened at 27.74 on Friday. Rice Energy has a one year low of $18.30 and a one year high of $29.55. The firm has a 50-day moving average of $27.82 and a 200 day moving average of $24.71. The stock’s market capitalization is $5.93 billion.
Rice Energy (NYSE:RICE) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The company had revenue of $398.30 million during 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 revenue was up 155.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.07) earnings per share. On average, equities research analysts predict that Rice Energy will post $0.71 EPS for the current year.
A number of research analysts have recently issued reports on RICE shares. Cowen and Company set a $30.00 price objective on Rice Energy and gave the company a “buy” rating in a research note on Wednesday, July 19th. Scotiabank reaffirmed a “buy” rating and set a $29.00 price objective on shares of Rice Energy in a research note on Monday, June 19th. Wolfe Research cut Rice Energy from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $24.00 to $27.00 in a research note on Thursday, June 29th. BidaskClub cut Rice Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Finally, KLR Group cut Rice Energy from a “buy” rating to a “hold” rating and cut their target price for the stock from $40.00 to $27.00 in a research note on Tuesday, June 27th. Twenty analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Rice Energy currently has a consensus rating of “Hold” and a consensus target price of $27.93.
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About Rice Energy
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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