Today, Rice Energy Inc. (RICE) Coverage Initiated at Mizuho

Today, Rice Energy Inc. (RICE) Coverage Initiated at Mizuho

Mizuho assumed coverage on shares of Rice Energy Inc. (NYSE:RICE) in a research note issued to investors on Wednesday. The firm set a “buy” rating and a $43.00 price target on the stock. Mizuho’s price target suggests a potential upside of 59.14% from the stock’s current price.

A number of other research analysts also recently weighed in on RICE. Deutsche Bank AG raised their price target on Rice Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, June 14th. Zacks Investment Research upgraded Rice Energy from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research note on Wednesday, June 29th. Barclays PLC raised their price target on Rice Energy from $16.00 to $19.00 and gave the company an “equal weight” rating in a research note on Thursday, July 14th. Citigroup Inc. raised their price target on Rice Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, July 18th. Finally, Stifel Nicolaus raised their price target on Rice Energy from $24.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Seven equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Rice Energy has an average rating of “Buy” and a consensus price target of $26.73.

Rice Energy (NYSE:RICE) opened at 27.02 on Wednesday. The company has a 50 day moving average price of $26.71 and a 200-day moving average price of $21.40. Rice Energy has a 52 week low of $7.92 and a 52 week high of $29.36. The firm’s market capitalization is $4.23 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 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 firm earned $116 million during the quarter, compared to analyst estimates of $180.12 million. During the same period in the prior year, the business posted $0.03 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts predict that Rice Energy will post $0.04 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its position in Rice Energy by 0.5% in the first quarter. Royal Bank of Canada now owns 67,527 shares of the company’s stock worth $943,000 after buying an additional 332 shares during the period. Southeast Asset Advisors Inc. boosted its position in Rice Energy by 1.4% in the second quarter. Southeast Asset Advisors Inc. now owns 55,870 shares of the company’s stock worth $1,231,000 after buying an additional 780 shares during the period. Public Employees Retirement Association of Colorado boosted its position in Rice Energy by 6.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 24,192 shares of the company’s stock worth $533,000 after buying an additional 1,481 shares during the period. BlackRock Inc. boosted its position in Rice Energy by 3.6% in the first quarter. BlackRock Inc. now owns 57,843 shares of the company’s stock worth $807,000 after buying an additional 2,000 shares during the period. Finally, Legal & General Group Plc boosted its position in Rice Energy by 57.7% in the first quarter. Legal & General Group Plc now owns 7,159 shares of the company’s stock worth $100,000 after buying an additional 2,618 shares during the period. 95.95% of the stock is owned by institutional investors.

Rice Energy Company Profile

Related posts

Leave a Comment