Todays Report: The Rice Energy Inc. (RICE) PT Raised to $32.00 at Howard Weil

The Rice Energy Inc. (RICE) PT Raised to $32.00 at Howard Weil

Rice Energy Inc. (NYSE:RICE) had its target price increased by stock analysts at Howard Weil from $30.00 to $32.00 in a research note issued on Tuesday. The firm presently has a “sector outperform” rating on the stock. Howard Weil’s price objective would suggest a potential upside of 15.03% from the stock’s previous close.

Several other research firms also recently weighed in on RICE. Jefferies Group reaffirmed a “buy” rating on shares of Rice Energy in a research note on Friday, September 9th. Goldman Sachs Group Inc. downgraded shares of Rice Energy from a “neutral” rating to a “not rated” rating in a research note on Tuesday, September 27th. Williams Capital began coverage on shares of Rice Energy in a research note on Monday, August 29th. They set a “hold” rating and a $29.00 price target for the company. Mizuho began coverage on shares of Rice Energy in a research note on Wednesday, October 5th. They set a “buy” rating and a $43.00 price target for the company. Finally, Seaport Global Securities downgraded shares of Rice Energy from a “buy” rating to a “neutral” rating and lifted their price target for the company from $26.00 to $29.00 in a research note on Tuesday, August 30th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.17.

Shares of Rice Energy (NYSE:RICE) opened at 27.82 on Tuesday. The firm’s 50-day moving average price is $26.82 and its 200 day moving average price is $21.83. Rice Energy has a 52 week low of $7.92 and a 52 week high of $29.36. The stock’s market capitalization is $4.36 billion.

Rice Energy (NYSE:RICE) last announced its earnings results on Wednesday, August 3rd. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.06) by $1.01. Rice Energy had a negative net margin of 70.19% and a positive return on equity of 1.01%. The business had revenue of $116 million for the quarter, compared to analysts’ expectations of $180.12 million. During the same quarter last year, the firm earned $0.03 EPS. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts expect that Rice Energy will post $0.04 earnings per share for the current year.

A number of large investors have recently bought and sold shares of RICE. TIAA CREF Investment Management LLC raised 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 during the last quarter. Teachers Advisors Inc. raised 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 during the last quarter. Franklin Resources Inc. raised its stake in Rice Energy by 42.2% in the first quarter. Franklin Resources Inc. now owns 578,640 shares of the company’s stock valued at $8,078,000 after buying an additional 171,600 shares during the last quarter. BlackRock Inc. raised 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 during the last quarter. Finally, BlackRock Group LTD raised its stake in Rice Energy by 5.8% in the first quarter. BlackRock Group LTD now owns 79,963 shares of the company’s stock valued at $1,117,000 after buying an additional 4,390 shares during the last quarter. 76.44% of the stock is currently owned by institutional investors.

Rice Energy Company Profile

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