Rice Energy Inc. (RICE) Given a $26.00 Price Target at Jefferies Group LLC
RICE has been the subject of several other reports. Royal Bank Of Canada set a $27.00 price objective on shares of Rice Energy and gave the stock a hold rating in a report on Thursday, August 24th. Mizuho lowered shares of Rice Energy from a buy rating to a neutral rating and set a $27.50 price objective for the company. in a report on Monday, July 10th. Scotiabank reissued a hold rating and set a $27.00 price objective on shares of Rice Energy in a report on Thursday, August 3rd. BMO Capital Markets set a $30.00 price objective on shares of Rice Energy and gave the stock a buy rating in a report on Tuesday, August 8th. Finally, BidaskClub lowered shares of Rice Energy from a hold rating to a sell rating in a report on Friday, June 23rd. Twenty equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Rice Energy has a consensus rating of Hold and an average price target of $27.93.
Shares of Rice Energy (RICE) opened at 27.74 on Thursday. The company has a 50-day moving average of $27.82 and a 200-day moving average of $24.71. Rice Energy has a 12 month low of $18.30 and a 12 month high of $29.55. The stock’s market capitalization is $5.93 billion.
Rice Energy (NYSE:RICE) last announced 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 analyst estimates 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 period in the prior year, the business earned ($1.07) earnings per share. On average, equities research analysts expect that Rice Energy will post $0.71 EPS for the current fiscal year.
ILLEGAL ACTIVITY WARNING: “Rice Energy Inc. (RICE) Given a $26.00 Price Target at Jefferies Group LLC” was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.thecerbatgem.com/2017/10/09/rice-energy-inc-rice-given-a-26-00-price-target-at-jefferies-group-llc.html.
Several institutional investors and hedge funds have recently made changes to their positions in RICE. UBS Asset Management Americas Inc. grew its stake in shares of Rice Energy by 43.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 80,995 shares of the oil and gas producer’s stock worth $1,920,000 after purchasing an additional 24,710 shares during the last quarter. Karp Capital Management Corp acquired a new position in shares of Rice Energy in the 1st quarter worth approximately $421,000. Stifel Financial Corp grew its stake in shares of Rice Energy by 0.5% in the 1st quarter. Stifel Financial Corp now owns 65,282 shares of the oil and gas producer’s stock worth $1,541,000 after purchasing an additional 296 shares during the last quarter. AXA acquired a new position in shares of Rice Energy in the 1st quarter worth approximately $313,000. Finally, Rafferty Asset Management LLC acquired a new position in shares of Rice Energy in the 1st quarter worth approximately $571,000. 96.08% of the stock is currently owned by institutional investors.
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.
Receive News & Stock Ratings for Rice Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Energy Inc. and related stocks with our FREE daily email newsletter.