Mizuho reissued their hold rating on shares of Rice Energy Inc. (NYSE:RICE) in a research report released on Friday, October 27th. Mizuho currently has a $27.50 target price on the oil and gas producer’s stock.
A number of other analysts also recently issued reports on RICE. Wolfe Research downgraded shares of Rice Energy from an outperform rating to a market perform rating and lifted their target price for the stock from $24.00 to $27.00 in a research note on Thursday, June 29th. Williams Capital downgraded shares of Rice Energy from a buy rating to a hold rating and set a $27.00 target price for the company. in a research note on Monday, July 3rd. William Blair lowered shares of Rice Energy from a buy rating to a neutral rating and set a $27.00 price objective for the company. in a research report on Monday, July 3rd. Jefferies Group LLC lowered shares of Rice Energy from a buy rating to a hold rating in a research report on Wednesday, July 12th. Finally, Cowen and Company set a $30.00 price objective on shares of Rice Energy and gave the company a buy rating in a research report on Wednesday, July 19th. Nineteen analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Rice Energy presently has a consensus rating of Hold and a consensus target price of $27.71.
Rice Energy (RICE) traded down $0.34 during trading on Friday, hitting $29.32. 26,809,102 shares of the company’s stock were exchanged, compared to its average volume of 5,313,636. The company has a market capitalization of $6,685.94, a price-to-earnings ratio of 45.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15. Rice Energy has a 12-month low of $18.30 and a 12-month high of $29.72.
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A number of institutional investors have recently modified their holdings of RICE. Seven Eight Capital LP bought a new stake in shares of Rice Energy during the 2nd quarter valued at $118,000. FNY Partners Fund LP bought a new stake in shares of Rice Energy during the 1st quarter valued at $127,000. Exane Asset Management bought a new stake in shares of Rice Energy during the 2nd quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 valued at $149,000 after buying an additional 494 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of 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 valued at $195,000 after buying an additional 1,362 shares in the last quarter. 87.22% of the stock is currently owned by institutional investors and hedge funds.
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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