Cowen and Company set a $30.00 price objective on Rice Energy Inc. (NYSE:RICE) in a report published on Wednesday, October 18th. The firm currently has a buy rating on the oil and gas producer’s stock.
Several other equities research analysts have also commented on RICE. BMO Capital Markets set a $30.00 price objective on Rice Energy and gave the stock a buy rating in a research report on Tuesday, August 8th. BidaskClub upgraded Rice Energy from a hold rating to a buy rating in a research report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a hold rating and set a $27.00 target price on shares of Rice Energy in a research note on Friday, September 29th. Scotiabank reaffirmed a hold rating and set a $27.00 target price on shares of Rice Energy in a research note on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a hold rating and set a $26.00 target price on shares of Rice Energy in a research note on Wednesday, August 16th. Nineteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $27.71.
Rice Energy (NYSE RICE) traded up 8.44% on Wednesday, reaching $28.51. 24,378,400 shares of the company traded hands. The stock’s 50 day moving average price is $28.06 and its 200 day moving average price is $25.25. Rice Energy has a one year low of $18.30 and a one year high of $29.55. The company’s market capitalization is $6.10 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). Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The firm had revenue of $398.30 million during the quarter, compared to analysts’ expectations of $359.27 million. During the same quarter in the prior year, the company earned ($1.07) EPS. Rice Energy’s quarterly revenue was up 155.3% on a year-over-year basis. On average, equities research analysts predict that Rice Energy will post $0.65 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Seven Eight Capital LP purchased a new position in Rice Energy during the 2nd quarter valued at about $118,000. FNY Partners Fund LP purchased a new position in Rice Energy during the 1st quarter valued at about $127,000. Exane Asset Management purchased a new position in Rice Energy during the 2nd quarter valued at about $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Rice Energy by 9.7% during the 2nd 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, The Manufacturers Life Insurance Company boosted its holdings in Rice Energy by 22.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock valued at $195,000 after acquiring an additional 1,362 shares during the period. Institutional investors own 87.09% of the company’s stock.
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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