Several other equities research analysts have also commented on the stock. Scotiabank restated a buy rating and issued a $30.00 price target on shares of Rice Energy in a research note on Thursday, May 4th. Citigroup Inc. reiterated a neutral rating and issued a $25.00 price objective (up from $23.00) on shares of Rice Energy in a report on Saturday, April 22nd. TheStreet upgraded shares of Rice Energy from a d+ rating to a c- rating in a report on Thursday, April 6th. Stifel Nicolaus increased their price objective on shares of Rice Energy from $32.00 to $34.00 and gave the company a buy rating in a report on Tuesday, May 9th. Finally, Seaport Global Securities cut shares of Rice Energy from a buy rating to a neutral rating and decreased their price objective for the company from $28.00 to $26.00 in a report on Friday, March 31st. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company. Rice Energy has an average rating of Hold and a consensus target price of $27.93.
Shares of Rice Energy (NYSE:RICE) traded up 2.14% during midday trading on Wednesday, reaching $27.24. The company’s stock had a trading volume of 6,688,735 shares. The stock has a 50 day moving average of $23.79 and a 200-day moving average of $21.91. Rice Energy has a 1-year low of $18.30 and a 1-year high of $29.36. The company’s market capitalization is $5.59 billion.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by $0.10. Rice Energy had a negative net margin of 27.73% and a positive return on equity of 2.45%. The firm had revenue of $393.81 million during the quarter, compared to analyst estimates of $364.60 million. On average, equities research analysts anticipate that Rice Energy will post $0.56 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its stake in Rice Energy by 4,630.0% in the first quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock worth $120,357,000 after buying an additional 4,970,915 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Rice Energy by 4,932.1% in the first quarter. Neuberger Berman Group LLC now owns 1,646,395 shares of the oil and gas producer’s stock worth $39,020,000 after buying an additional 1,613,677 shares during the last quarter. Highbridge Capital Management LLC increased its stake in Rice Energy by 880.4% in the fourth quarter. Highbridge Capital Management LLC now owns 1,200,544 shares of the oil and gas producer’s stock worth $25,632,000 after buying an additional 1,078,088 shares during the last quarter. Chicago Capital Management LLC bought a new stake in Rice Energy during the second quarter worth about $27,767,000. Finally, Boston Partners increased its stake in Rice Energy by 21.7% in the first quarter. Boston Partners now owns 4,729,542 shares of the oil and gas producer’s stock worth $112,090,000 after buying an additional 843,462 shares during the last quarter.
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.