Rice Energy Inc (RICE) Receives $27.68 Consensus Target Price from Analysts

Shares of Rice Energy Inc (NYSE:RICE) have earned a consensus recommendation of “Hold” from the twenty-five ratings firms that are currently covering the stock, Marketbeat Ratings reports. Nineteen research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $27.68.

Several brokerages have recently issued reports on RICE. Royal Bank of Canada reaffirmed a “hold” rating and issued a $27.00 target price on shares of Rice Energy in a report on Friday, September 29th. BidaskClub raised Rice Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Jefferies Group set a $26.00 price objective on Rice Energy and gave the stock a “hold” rating in a research note on Thursday, October 5th. Scotiabank reissued a “hold” rating and set a $27.00 price objective on shares of Rice Energy in a research note on Wednesday, October 4th. Finally, Cowen set a $30.00 price objective on Rice Energy and gave the stock a “buy” rating in a research note on Wednesday, October 18th.

Rice Energy has a 12 month low of $18.30 and a 12 month high of $29.72. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $6,690.00, a PE ratio of -23.65 and a beta of 1.57.

Rice Energy (NYSE:RICE) last issued its earnings results on Thursday, November 2nd. The oil and gas producer reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.08). Rice Energy had a negative return on equity of 13.19% and a net margin of 12.25%. equities analysts predict that Rice Energy will post 0.66 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Rice Energy by 2.3% during the second 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 during the last quarter. PointState Capital LP grew its stake in shares of Rice Energy by 16.4% during the second quarter. PointState Capital LP now owns 8,521,214 shares of the oil and gas producer’s stock valued at $226,920,000 after buying an additional 1,203,454 shares during the last quarter. Magnetar Financial LLC grew its stake in shares of Rice Energy by 7.5% during the third quarter. Magnetar Financial LLC now owns 5,858,341 shares of the oil and gas producer’s stock valued at $169,540,000 after buying an additional 410,490 shares during the last quarter. BlackRock Inc. grew its stake in shares of Rice Energy by 6.8% during the second quarter. BlackRock Inc. now owns 5,426,111 shares of the oil and gas producer’s stock valued at $144,498,000 after buying an additional 347,833 shares during the last quarter. Finally, CNH Partners LLC bought a new position in shares of Rice Energy during the second quarter valued at approximately $140,605,000. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

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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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