Rice Energy Inc. (RICE) Given New $30.00 Price Target at Royal Bank Of Canada
Rice Energy Inc. (NYSE:RICE) had its price objective upped by Royal Bank Of Canada from $29.00 to $30.00 in a research note issued to investors on Monday. Royal Bank Of Canada currently has an outperform rating on the stock.
A number of other brokerages have also weighed in on RICE. Zacks Investment Research lowered shares of Rice Energy from a buy rating to a hold rating in a research note on Friday, July 29th. Deutsche Bank AG lifted their price target on shares of Rice Energy from $19.00 to $21.00 and gave the company a hold rating in a research note on Tuesday, June 14th. Barclays PLC lifted their price target on shares of Rice Energy from $16.00 to $19.00 and gave the company an equal weight rating in a research note on Thursday, July 14th. RBC Capital Markets reaffirmed a buy rating and issued a $30.00 price target (up previously from $29.00) on shares of Rice Energy in a research note on Monday. Finally, Johnson Rice reaffirmed a hold rating on shares of Rice Energy in a research note on Wednesday, September 28th. Seven analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Rice Energy currently has a consensus rating of Buy and an average target price of $25.95.
Rice Energy (NYSE:RICE) opened at 26.67 on Monday. The firm’s market capitalization is $4.18 billion. The company has a 50-day moving average of $26.63 and a 200-day moving average of $21.22. Rice Energy has a 1-year low of $7.92 and a 1-year high of $29.36.
Rice Energy (NYSE:RICE) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($1.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by $1.01. Rice Energy had a positive return on equity of 1.01% and a negative net margin of 70.19%. The firm had revenue of $116 million for the quarter, compared to the consensus estimate of $180.12 million. During the same period in the previous year, the business earned $0.03 EPS. The firm’s revenue was up 2.7% compared to the same quarter last year. On average, equities analysts predict that Rice Energy will post $0.01 earnings per share for the current year.
A number of large investors have recently bought and sold shares of RICE. Kennedy Capital Management Inc. purchased a new stake in Rice Energy during the first quarter valued at $2,812,000. Teachers Advisors Inc. boosted its stake in Rice Energy by 32.0% in the first quarter. Teachers Advisors Inc. now owns 97,326 shares of the company’s stock valued at $1,359,000 after buying an additional 23,593 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in Rice Energy by 146.8% in the first quarter. TIAA CREF Investment Management LLC now owns 385,929 shares of the company’s stock valued at $5,388,000 after buying an additional 229,543 shares in the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in Rice Energy during the first quarter valued at $24,779,000. Finally, BlackRock Inc. boosted its stake in Rice Energy by 3.6% in the first quarter. BlackRock Inc. now owns 57,843 shares of the company’s stock valued at $807,000 after buying an additional 2,000 shares in the last quarter. 95.95% of the stock is owned by institutional investors and hedge funds.
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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