Cowen and Company set a $30.00 price objective on Rice Energy Inc. (NYSE:RICE) in a research note published on Wednesday, October 18th. The firm currently has a buy rating on the oil and gas producer’s stock.
Several other brokerages have also recently commented on RICE. BMO Capital Markets set a $30.00 price target on Rice Energy and gave the stock a buy rating in a research report on Tuesday, October 10th. Jefferies Group LLC set a $26.00 price target on Rice Energy and gave the stock a hold rating in a research report on Thursday, October 5th. BidaskClub cut Rice Energy from a buy rating to a hold rating in a research report on Friday, October 6th. Scotiabank reiterated a hold rating and set a $27.00 price target on shares of Rice Energy in a research report on Wednesday, October 4th. Finally, Royal Bank Of Canada reiterated a hold rating and set a $27.00 price target on shares of Rice Energy in a research report on Friday, September 29th. Nineteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Rice Energy has a consensus rating of Hold and an average target price of $27.71.
Rice Energy (RICE) traded up $0.48 during trading on Wednesday, hitting $28.93. The stock had a trading volume of 5,021,444 shares, compared to its average volume of 7,129,530. The stock has a market capitalization of $6,487.55, a PE ratio of 44.45 and a beta of 1.57. Rice Energy has a 1-year low of $18.30 and a 1-year high of $29.55. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15.
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Hedge funds and other institutional investors have recently modified their holdings of the business. Seven Eight Capital LP purchased a new stake in Rice Energy during the 2nd quarter worth about $118,000. FNY Partners Fund LP purchased a new stake in Rice Energy during the 1st quarter worth about $127,000. Exane Asset Management purchased a new stake in Rice Energy during the 2nd quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Rice Energy by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 494 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Rice Energy by 22.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock worth $195,000 after purchasing an additional 1,362 shares during the period. Institutional investors own 87.22% of the company’s stock.
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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