Rice Energy Inc. (NYSE:RICE) had its price objective boosted by KLR Group from $37.00 to $41.00 in a report published on Monday. The brokerage currently has a buy rating on the stock.
A number of other research firms have also recently issued reports on RICE. Zacks Investment Research cut Rice Energy from a buy rating to a hold rating in a report on Friday, July 29th. Deutsche Bank AG lifted their price target on Rice Energy from $19.00 to $21.00 and gave the company a hold rating in a report on Tuesday, June 14th. Barclays PLC lifted their price target on Rice Energy from $16.00 to $19.00 and gave the company an equal weight rating in a report on Thursday, July 14th. RBC Capital Markets reiterated a buy rating and issued a $30.00 price objective (up from $29.00) on shares of Rice Energy in a research report on Monday. Finally, Johnson Rice reiterated a hold rating on shares of Rice Energy in a research report on Wednesday, September 28th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The company currently has an average rating of Buy and an average target price of $26.73.
Shares of Rice Energy (NYSE:RICE) opened at 27.02 on Monday. The stock’s market capitalization is $4.23 billion. Rice Energy has a 52-week low of $7.92 and a 52-week high of $29.36. The stock has a 50 day moving average of $26.71 and a 200-day moving average of $21.40.
Rice Energy (NYSE:RICE) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($1.07) earnings per share (EPS) for the quarter, missing the Zacks’ 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 earned $116 million during the quarter, compared to the consensus estimate of $180.12 million. During the same period in the prior year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities research analysts predict that Rice Energy will post $0.04 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P bought a new stake in shares of Rice Energy during the first quarter worth about $234,000. Quadrature Capital Ltd bought a new stake in shares of Rice Energy during the first quarter worth about $379,000. NFC Investments LLC boosted its stake in shares of Rice Energy by 15.7% in the first quarter. NFC Investments LLC now owns 339,313 shares of the company’s stock worth $4,737,000 after buying an additional 46,011 shares in the last quarter. Spark Investment Management LLC bought a new stake in shares of Rice Energy during the first quarter worth about $837,000. Finally, JVL Advisors L.L.C. boosted its stake in shares of Rice Energy by 9.9% in the first quarter. JVL Advisors L.L.C. now owns 2,301,529 shares of the company’s stock worth $32,129,000 after buying an additional 207,400 shares in the last quarter. Hedge funds and other institutional investors own 95.95% of the company’s stock.
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