Rice Energy Inc. (RICE) Given Consensus Rating of “Hold” by Analysts

Shares of Rice Energy Inc. (NYSE:RICE) have received a consensus recommendation of “Hold” from the twenty-five brokerages that are covering the stock, MarketBeat Ratings 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 brokerages that have issued a report on the stock in the last year is $27.68.

A number of analysts have issued reports on RICE shares. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a research report on Thursday, September 28th. Jefferies Group LLC downgraded Rice Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. BMO Capital Markets set a $30.00 target price on Rice Energy and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Stephens downgraded Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 target price for the company. in a research report on Thursday, August 3rd. Finally, Mitsubishi UFJ Financial Group downgraded Rice Energy from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $31.00 to $27.00 in a research report on Tuesday, June 20th.

A number of large investors have recently bought and sold shares of RICE. Seven Eight Capital LP bought a new stake in Rice Energy during the second quarter valued at $118,000. FNY Partners Fund LP bought a new stake in Rice Energy during the first quarter worth about $127,000. Exane Asset Management bought a new stake in Rice Energy during the second quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Rice Energy by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 494 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Rice Energy by 22.9% during the second quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock worth $195,000 after purchasing an additional 1,362 shares during the last quarter. 96.08% of the stock is owned by institutional investors.

Shares of Rice Energy (RICE) traded up 1.79% on Thursday, hitting $27.81. The stock had a trading volume of 3,280,843 shares. The company’s market capitalization is $5.95 billion. Rice Energy has a 52 week low of $18.30 and a 52 week high of $29.55. The company has a 50-day moving average of $27.98 and a 200 day moving average of $24.97.

Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The firm had revenue of $398.30 million during the quarter, compared to analysts’ expectations of $359.27 million. During the same period in the prior year, the business earned ($1.07) earnings per share. The business’s quarterly revenue was up 155.3% compared to the same quarter last year. On average, equities research analysts predict that Rice Energy will post $0.65 EPS for the current year.

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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.

Analyst Recommendations for Rice Energy (NYSE:RICE)

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