Legal & General Group Plc lifted its position in shares of Rice Energy Inc (NYSE:RICE) by 22.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 72,943 shares of the oil and gas producer’s stock after acquiring an additional 13,552 shares during the quarter. Legal & General Group Plc’s holdings in Rice Energy were worth $2,111,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. CNH Partners LLC bought a new position in Rice Energy in the 2nd quarter worth about $140,605,000. Alpine Associates Management Inc. bought a new position in Rice Energy in the 2nd quarter worth about $108,512,000. Pentwater Capital Management LP bought a new position in Rice Energy in the 2nd quarter worth about $49,798,000. PointState Capital LP boosted its stake in Rice Energy by 16.4% in the 2nd quarter. PointState Capital LP now owns 8,521,214 shares of the oil and gas producer’s stock worth $226,920,000 after purchasing an additional 1,203,454 shares during the period. Finally, Tyrus Capital S.A.M. bought a new position in Rice Energy in the 2nd quarter worth about $30,625,000. Institutional investors own 87.22% of the company’s stock.
Rice Energy Inc (NYSE RICE) opened at $29.32 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. The company has a market capitalization of $6,690.00, a P/E ratio of -23.65 and a beta of 1.57. Rice Energy Inc has a 12 month low of $18.30 and a 12 month high of $29.72.
A number of brokerages have recently issued reports on RICE. Stifel Nicolaus reiterated a “hold” rating and set a $27.00 price target on shares of Rice Energy in a research report on Thursday, September 14th. Royal Bank of Canada reiterated a “hold” rating and set a $27.00 price target on shares of Rice Energy in a research report on Friday, September 29th. BMO Capital Markets set a $30.00 price target on Rice Energy and gave the company a “buy” rating in a research report on Tuesday, October 10th. Cowen set a $30.00 price target on Rice Energy and gave the company a “buy” rating in a research report on Wednesday, October 18th. Finally, Jefferies Group set a $26.00 price target on Rice Energy and gave the company a “hold” rating in a research report on Thursday, October 5th. Nineteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $27.58.
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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.
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