ARP Americas LLC Has $11.06 Million Position in Rice Energy Inc. (RICE)
ARP Americas LLC lessened its position in Rice Energy Inc. (NYSE:RICE) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 382,095 shares of the oil and gas producer’s stock after selling 108,278 shares during the period. Rice Energy makes up 3.6% of ARP Americas LLC’s portfolio, making the stock its 11th biggest position. ARP Americas LLC owned approximately 0.18% of Rice Energy worth $11,058,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Seven Eight Capital LP acquired a new stake in shares of Rice Energy in the 2nd quarter worth about $118,000. Exane Asset Management acquired a new stake in shares of Rice Energy in the 2nd quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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. The Manufacturers Life Insurance Company increased its holdings in shares of Rice Energy by 22.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock worth $195,000 after acquiring an additional 1,362 shares during the period. Finally, GeoSphere Capital Management increased its holdings in shares of Rice Energy by 100.0% in the 2nd quarter. GeoSphere Capital Management now owns 90,000 shares of the oil and gas producer’s stock worth $240,000 after acquiring an additional 45,000 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.
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A number of analysts recently weighed in on RICE shares. 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 report on Monday, July 10th. Jefferies Group LLC cut shares of Rice Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company set a $30.00 target price on shares of Rice Energy and gave the company a “buy” rating in a research note on Wednesday, July 19th. BidaskClub raised shares of Rice Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Stephens cut shares of Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 target price on the stock. in a research note on Thursday, August 3rd. Nineteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Rice Energy presently has a consensus rating of “Hold” and a consensus price target of $27.71.
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 firm 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%. The business’s revenue for the quarter was up 155.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.07) earnings per share.
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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