Two Sigma Securities LLC acquired a new position in shares of Rice Energy Inc. (NYSE:RICE) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 13,750 shares of the oil and gas producer’s stock, valued at approximately $326,000.
Several other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in 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 worth $120,357,000 after buying an additional 4,970,915 shares during the last quarter. Neuberger Berman Group LLC boosted its position in Rice Energy by 4,932.1% in the first quarter. Neuberger Berman Group LLC now owns 1,646,395 shares of the oil and gas producer’s stock worth $39,020,000 after buying an additional 1,613,677 shares during the last quarter. Renaissance Technologies LLC boosted its position in Rice Energy by 149.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,338,800 shares of the oil and gas producer’s stock worth $49,933,000 after buying an additional 1,401,300 shares during the last quarter. FMR LLC boosted its position in 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 worth $201,021,000 after buying an additional 1,373,499 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Rice Energy by 535.8% in the fourth quarter. AQR Capital Management LLC now owns 1,435,976 shares of the oil and gas producer’s stock worth $30,658,000 after buying an additional 1,210,125 shares during the last quarter.
Shares of Rice Energy Inc. (NYSE RICE) traded up 24.78% during midday trading on Monday, reaching $24.57. 66,851,813 shares of the company’s stock were exchanged. Rice Energy Inc. has a 12-month low of $18.30 and a 12-month high of $29.36. The stock’s 50 day moving average price is $20.86 and its 200 day moving average price is $21.40. The company’s market cap is $5.04 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. Rice Energy had a negative net margin of 27.73% and a positive return on equity of 2.45%. The business had revenue of $393.81 million for the quarter, compared to analyst estimates of $364.60 million. Equities analysts anticipate that Rice Energy Inc. will post $0.55 earnings per share for the current fiscal year.
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Several equities analysts recently issued reports on the stock. Scotiabank reiterated a “buy” rating and set a $30.00 price target on shares of Rice Energy in a research report on Thursday, May 4th. Deutsche Bank AG reduced their price target on shares of Rice Energy from $33.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, March 7th. TheStreet upgraded shares of Rice Energy from a “d+” rating to a “c-” rating in a research report on Thursday, April 6th. Citigroup Inc. reiterated a “neutral” rating and set a $25.00 price target (up previously from $23.00) on shares of Rice Energy in a research report on Saturday, April 22nd. Finally, Seaport Global Securities cut shares of Rice Energy from a “buy” rating to a “neutral” rating and reduced their price target for the company from $28.00 to $26.00 in a research report on Friday, March 31st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company. Rice Energy presently has an average rating of “Buy” and an average price target of $30.00.
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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