Rice Energy Inc (NYSE:RICE) has been assigned a $28.00 price objective by analysts at Royal Bank of Canada in a report issued on Friday. The firm presently has a “buy” rating on the oil and gas producer’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 41.77% from the stock’s previous close.
A number of other equities analysts also recently weighed in on RICE. Seaport Global Securities raised Rice Energy from a “neutral” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, February 6th. Barclays PLC reaffirmed a “buy” rating on shares of Rice Energy in a research report on Wednesday, March 1st. Deutsche Bank AG decreased their target price on Rice Energy from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, March 7th. Scotiabank set a $31.00 target price on Rice Energy and gave the company a “buy” rating in a research report on Monday, March 20th. Finally, Stifel Nicolaus started coverage on Rice Energy in a research report on Thursday, March 23rd. They issued a “buy” rating and a $32.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $30.76.
Rice Energy (RICE) traded down 1.11% during mid-day trading on Friday, reaching $19.53. The company’s stock had a trading volume of 1,796,804 shares. The stock’s market cap is $4.00 billion. Rice Energy has a 52-week low of $18.30 and a 52-week high of $29.36. The company has a 50 day moving average of $21.58 and a 200-day moving average of $21.73.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by $0.10. The business had revenue of $393.81 million for the quarter, compared to analyst estimates of $364.60 million. Rice Energy had a negative return on equity of 1.36% and a negative net margin of 0.38%. Equities analysts forecast that Rice Energy will post $0.58 earnings per share for the current year.
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Large investors have recently modified their holdings of the company. FNY Partners Fund LP acquired a new stake in Rice Energy during the first quarter valued at $127,000. Advisors Asset Management Inc. acquired a new stake in Rice Energy during the first quarter valued at $190,000. Campbell & CO Investment Adviser LLC acquired a new stake in Rice Energy during the first quarter valued at $211,000. Glen Harbor Capital Management LLC acquired a new stake in Rice Energy during the first quarter valued at $212,000. Finally, Engineers Gate Manager LP acquired a new stake in Rice Energy during the first quarter valued at $215,000. 94.27% of the stock is currently owned by institutional investors and hedge funds.
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.
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