Rice Energy Inc (NYSE:RICE) has been given an average rating of “Hold” by the twenty-five research firms that are covering the firm, MarketBeat reports. Nineteen research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $27.68.
Several equities research analysts have recently commented on the company. Mizuho reissued a “hold” rating and set a $27.50 price target on shares of Rice Energy in a research note on Friday, October 27th. Cowen set a $30.00 price target on Rice Energy and gave the stock a “buy” rating in a research note on Wednesday, October 18th. BMO Capital Markets set a $30.00 price target on Rice Energy and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Jefferies Group set a $26.00 price target on Rice Energy and gave the stock a “hold” rating in a research note on Thursday, October 5th. Finally, BidaskClub lowered Rice Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 6th.
Hedge funds have recently bought and sold shares of the stock. Century Capital Management LLC lifted its stake in Rice Energy by 44.5% in the 2nd quarter. Century Capital Management LLC now owns 73,489 shares of the oil and gas producer’s stock valued at $1,957,000 after buying an additional 22,617 shares in the last quarter. Rhumbline Advisers lifted its stake in Rice Energy by 13.5% in the 2nd quarter. Rhumbline Advisers now owns 171,669 shares of the oil and gas producer’s stock valued at $4,572,000 after buying an additional 20,480 shares in the last quarter. Vanguard Group Inc. lifted its stake in Rice Energy by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 12,999,586 shares of the oil and gas producer’s stock valued at $346,180,000 after buying an additional 297,124 shares in the last quarter. Kassirer Asset Management Corp purchased a new stake in Rice Energy in the 2nd quarter valued at approximately $5,326,000. Finally, Omni Partners LLP purchased a new stake in Rice Energy in the 2nd quarter valued at approximately $12,467,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Rice Energy (NYSE RICE) traded down $0.34 on Friday, reaching $29.32. The company’s stock had a trading volume of 26,809,102 shares, compared to its average volume of 5,313,636. The stock has a market cap of $6,690.00, a price-to-earnings ratio of 45.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. Rice Energy has a 12 month low of $18.30 and a 12 month high of $29.72.
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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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