Two Sigma Securities LLC bought a new position in shares of Rice Energy Inc. (NYSE:RICE) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 13,750 shares of the oil and gas producer’s stock, valued at approximately $326,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of RICE. Vanguard Group Inc. increased its stake in Rice Energy by 3.2% in the first quarter. Vanguard Group Inc. now owns 12,702,462 shares of the oil and gas producer’s stock valued at $301,048,000 after buying an additional 397,428 shares during the period. FMR LLC increased its stake in shares of Rice Energy by 17.1% in the fourth quarter. FMR LLC now owns 9,415,480 shares of the oil and gas producer’s stock valued at $201,021,000 after buying an additional 1,373,499 shares during the last quarter. BlackRock Inc. increased its stake in shares of Rice Energy by 4,630.0% in the first quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock valued at $120,357,000 after buying an additional 4,970,915 shares during the last quarter. Boston Partners increased its stake in shares of Rice Energy by 21.7% in the first quarter. Boston Partners now owns 4,729,542 shares of the oil and gas producer’s stock valued at $112,090,000 after buying an additional 843,462 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Rice Energy by 18.0% in the fourth quarter. State Street Corp now owns 3,747,312 shares of the oil and gas producer’s stock valued at $79,997,000 after buying an additional 571,466 shares during the last quarter.
Rice Energy Inc. (RICE) traded up 0.04% during midday trading on Friday, reaching $25.28. The company had a trading volume of 3,588,896 shares. The firm has a 50-day moving average of $21.85 and a 200-day moving average of $21.44. Rice Energy Inc. has a 12 month low of $18.30 and a 12 month high of $29.36. The stock’s market cap is $5.18 billion.
Rice Energy (NYSE:RICE) last announced its quarterly earnings data on Wednesday, May 3rd. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by $0.10. The firm had revenue of $393.81 million for the quarter, compared to analyst estimates of $364.60 million. Rice Energy had a negative net margin of 27.73% and a positive return on equity of 2.45%. On average, equities analysts expect that Rice Energy Inc. will post $0.53 EPS for the current fiscal year.
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Several brokerages recently weighed in on RICE. Williams Capital downgraded 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. Wolfe Research downgraded Rice Energy from an “outperform” rating to a “market perform” rating and increased their target price for the company from $24.00 to $27.00 in a research note on Thursday, June 29th. KLR Group cut Rice Energy from a “buy” rating to a “hold” rating and cut their price target for the company from $40.00 to $27.00 in a report on Tuesday, June 27th. William Blair cut Rice Energy from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a report on Monday, July 3rd. Finally, Howard Weil cut Rice Energy from a “sector outperform” rating to a “sector perform” rating in a report on Monday, June 26th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.15.
About Rice Energy
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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