Rice Energy (NYSE:RICE) Earns Coverage Optimism Rating of 0.13
Media headlines about Rice Energy (NYSE:RICE) have been trending somewhat positive recently, Accern reports. The research firm ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rice Energy earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the oil and gas producer an impact score of 46.0142582945054 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Rice Confident EQT Deal Will Close (finance.yahoo.com)
- Edited Transcript of RICE earnings conference call or presentation 3-Aug-17 2:00pm GMT (finance.yahoo.com)
- Rice CEO talks up EQT deal, channels Timberlake (finance.yahoo.com)
- Scotiabank Reaffirms “Hold” Rating for Rice Energy Inc. (RICE) (americanbankingnews.com)
- Rice Energy Inc. (RICE) Downgraded to Equal Weight at Stephens (americanbankingnews.com)
Shares of Rice Energy (RICE) opened at 27.48 on Friday. The stock’s market cap is $5.59 billion. The firm’s 50-day moving average price is $25.65 and its 200-day moving average price is $22.35. Rice Energy has a 12-month low of $18.30 and a 12-month high of $29.55.
Rice Energy (NYSE:RICE) last posted its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.38%. The company had revenue of $398.30 million during the quarter, compared to analyst estimates of $359.27 million. During the same quarter last year, the business posted ($1.07) EPS. The firm’s revenue for the quarter was up 155.3% on a year-over-year basis. On average, analysts forecast that Rice Energy will post $0.55 EPS for the current fiscal year.
RICE has been the topic of a number of analyst reports. Mizuho cut Rice Energy from a “buy” rating to a “neutral” rating and set a $27.50 target price on the stock. in a research note on Monday, July 10th. Citigroup Inc. reaffirmed a “neutral” rating and set a $25.00 target price (up previously from $23.00) on shares of Rice Energy in a research note on Saturday, April 22nd. Royal Bank Of Canada set a $28.00 target price on Rice Energy and gave the company a “buy” rating in a research note on Tuesday, April 25th. Scotiabank reaffirmed a “buy” rating and set a $30.00 target price on shares of Rice Energy in a research note on Thursday, May 4th. Finally, BidaskClub cut Rice Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Nineteen analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $28.02.
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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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