Today: Today, Rice Energy Inc. (RICE) PT Raised to $30.00

Today, Rice Energy Inc. (RICE) PT Raised to $30.00

Rice Energy Inc. (NYSE:RICE) had its price objective hoisted by Royal Bank Of Canada from $29.00 to $30.00 in a research report report published on Monday morning. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on RICE. Zacks Investment Research lowered shares of Rice Energy from a buy rating to a hold rating in a report on Friday, July 29th. GMP Securities assumed coverage on shares of Rice Energy in a report on Wednesday, September 28th. They set a buy rating and a $34.00 price target on the stock. Deutsche Bank AG boosted their price target on shares of Rice Energy from $19.00 to $21.00 and gave the company a hold rating in a report on Tuesday, June 14th. Citigroup Inc. boosted their price target on shares of Rice Energy from $22.00 to $28.00 and gave the company a neutral rating in a report on Thursday, August 11th. Finally, Barclays PLC boosted their price target on shares of Rice Energy from $16.00 to $19.00 and gave the company an equal weight rating in a report on Thursday, July 14th. Seven investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $26.73.

Rice Energy (NYSE:RICE) opened at 27.02 on Monday. The firm’s market cap is $4.23 billion. Rice Energy has a 12-month low of $7.92 and a 12-month high of $29.36. The company’s 50 day moving average is $26.71 and its 200 day moving average is $21.40.

Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, August 3rd. The company reported ($1.07) EPS for the quarter, missing the 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 analyst estimates of $180.12 million. During the same period in the prior year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Rice Energy will post $0.04 earnings per share for the current year.

Hedge funds have recently modified their holdings of the stock. Legal & General Group Plc increased its stake in shares of 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. Acadian Asset Management LLC bought a new stake in shares of Rice Energy during the second quarter worth $118,000. BNP Paribas Arbitrage SA bought a new stake in shares of Rice Energy during the second quarter worth $162,000. Pacad Investment Ltd. bought a new stake in shares of Rice Energy during the second quarter worth $179,000. Finally, Menta Capital LLC bought a new stake in shares of Rice Energy during the second quarter worth $225,000. 95.95% of the stock is owned by hedge funds and other institutional investors.

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