Rice Energy Inc (RICE) Receives $31.20 Average Target Price from Brokerages

Rice Energy Inc (NYSE:RICE) has been given a consensus rating of “Buy” by the twenty-three analysts that are currently covering the company. Six research analysts have rated the stock with a hold recommendation and sixteen have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $30.40.

A number of analysts recently commented on RICE shares. TheStreet lowered Rice Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, January 3rd. Williams Capital raised Rice Energy from a “hold” rating to a “buy” rating and increased their price objective for the company from $25.00 to $27.00 in a research note on Tuesday, January 24th. SunTrust Banks, Inc. lowered Rice Energy from a “buy” rating to a “hold” rating in a research note on Monday, January 30th. Seaport Global Securities raised Rice Energy from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Monday, February 6th. Finally, Barclays PLC reaffirmed a “buy” rating on shares of Rice Energy in a research note on Wednesday, March 1st.

Rice Energy (NYSE:RICE) traded up 0.13% during trading on Thursday, hitting $22.81. 3,172,139 shares of the company’s stock were exchanged. Rice Energy has a 12-month low of $16.12 and a 12-month high of $29.36. The company’s 50-day moving average price is $21.96 and its 200 day moving average price is $22.36. The firm’s market cap is $4.64 billion.

Several large investors have recently made changes to their positions in RICE. Share Andrew L. bought a new stake in shares of Rice Energy during the fourth quarter valued at approximately $636,230,000. Monashee Investment Management LLC bought a new stake in shares of Rice Energy during the third quarter valued at approximately $7,833,000. UBS Oconnor LLC bought a new stake in shares of Rice Energy during the third quarter valued at approximately $2,418,000. Omega Advisors Inc. bought a new stake in shares of Rice Energy during the third quarter valued at approximately $10,444,000. Finally, State Street Corp increased its stake in shares of Rice Energy by 18.0% in the fourth quarter. State Street Corp now owns 3,747,312 shares of the oil and gas producer’s stock valued at $79,997,000 after buying an additional 571,466 shares during the last quarter. Institutional investors and hedge funds own 94.27% of the company’s stock.

WARNING: This piece of content was reported by Transcript Daily and is the property of of Transcript Daily. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://transcriptdaily.com/2017/04/22/rice-energy-inc-rice-receives-31-20-average-target-price-from-brokerages.html.

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.