Stock Mover of the Day: Rice Energy Inc Can’t Burn Your Long Portfolio. Has Another Strong Session

Stock Mover of the Day: Rice Energy Inc Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of Rice Energy Inc (NYSE:RICE) is a huge mover today! The stock increased 3.90% or $0.98 during the last trading session, hitting $26.11. About 7.06 million shares traded hands or 110.12% up from the average. Rice Energy Inc (NYSE:RICE) has risen 180.16% since February 26, 2016 and is uptrending. It has outperformed by 169.73% the S&P500.
The move comes after 8 months positive chart setup for the $5.11B company. It was reported on Oct, 1 by Barchart.com. We have $32.12 PT which if reached, will make NYSE:RICE worth $1.18 billion more.

Analysts await Rice Energy Inc (NYSE:RICE) to report earnings on November, 3. They expect $0.01 EPS, down 66.67% or $0.02 from last year’s $0.03 per share. RICE’s profit will be $1.96M for 652.75 P/E if the $0.01 EPS becomes a reality. After $-0.07 actual EPS reported by Rice Energy Inc for the previous quarter, Wall Street now forecasts -114.29% EPS growth.

Rice Energy Inc (NYSE:RICE) Ratings Coverage

Out of 15 analysts covering Rice Energy (NYSE:RICE), 8 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 53% are positive. Rice Energy has been the topic of 42 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Topeka Capital Markets maintained it with “Buy” rating and $16 target price in Friday, February 26 report. RBC Capital Markets maintained the shares of RICE in a report on Friday, November 6 with “Outperform” rating. The firm earned “Neutral” rating on Tuesday, March 15 by JP Morgan. The stock of Rice Energy Inc (NYSE:RICE) earned “Neutral” rating by Citigroup on Thursday, August 11. The stock has “Hold” rating given by Deutsche Bank on Wednesday, August 10. Citigroup maintained it with “Neutral” rating and $14 target price in Thursday, April 7 report. The company was maintained on Friday, August 14 by Citigroup. The firm earned “Neutral” rating on Wednesday, December 9 by JP Morgan. On Monday, October 12 the stock rating was initiated by Topeka Capital Markets with “Buy”. The rating was initiated by Stifel Nicolaus with “Buy” on Thursday, December 10.

According to Zacks Investment Research, “Rice Energy Inc. is involved in the acquisition, exploration and development of natural gas and oil properties primarily in the Appalachian Basin. Rice Energy Inc. is headquartered in Hillpointe Drive, United States.”

Insitutional Activity: The institutional sentiment decreased to 1.44 in 2016 Q2. Its down 0.15, from 1.59 in 2016Q1. The ratio turned negative, as 28 funds sold all Rice Energy Inc shares owned while 58 reduced positions. 54 funds bought stakes while 70 increased positions. They now own 142.82 million shares or 3.89% more from 137.47 million shares in 2016Q1.
Barclays Public Limited last reported 216,018 shares in the company. Moreover, Rosenbaum Jay D has 94.09% invested in Rice Energy Inc (NYSE:RICE) for 29.80 million shares. The California-based Nicholas Ltd Partnership has invested 0.28% in Rice Energy Inc (NYSE:RICE). Advisory Svcs Networks Limited Liability Co has invested 0% of its portfolio in Rice Energy Inc (NYSE:RICE). Bogle Invest Management Ltd Partnership De accumulated 0.22% or 144,796 shares. Airain Ltd has 337,295 shares for 0.43% of their US portfolio. Essex Inv Mgmt Limited Liability has 0.11% invested in the company for 30,686 shares. Dimensional Fund Advisors L P owns 4.59M shares or 0.06% of their US portfolio. Msd Partners Lp reported 273,748 shares or 0.39% of all its holdings. Utah Retirement System accumulated 21,600 shares or 0.01% of the stock. Amer Intll Group accumulated 3,985 shares or 0% of the stock. Winfield last reported 0% of its portfolio in the stock. Envestnet Asset Mngmt Inc last reported 0% of its portfolio in the stock. The Pennsylvania-based Penn Cap Mgmt Inc has invested 1.37% in Rice Energy Inc (NYSE:RICE). Tiaa Cref Investment Llc, a New York-based fund reported 1.86M shares.

Insider Transactions: Since April 15, 2016, the stock had 0 insider purchases, and 1 sale for $153.80 million net activity. 9.86 million shares with value of $153.80 million were sold by NGP Rice Holdings LLC on Friday, April 15.

More notable recent Rice Energy Inc (NYSE:RICE) news were published by: Seekingalpha.com which released: “Rice Energy’s Advantage With Vantage Energy” on September 30, 2016, also Prnewswire.com with their article: “Rice Energy Announces Acquisition of Vantage Energy” published on September 26, 2016, Blogs.Wsj.com published: “Stocks to Watch: Twitter, EndoChoice, Rice Energy” on September 27, 2016. More interesting news about Rice Energy Inc (NYSE:RICE) were released by: Marketwatch.com and their article: “Rice Energy agrees to buy Vantage Energy for $2.7 billion” published on September 26, 2016 as well as Moodys.com‘s news article titled: “Moody’s reviews Rice Energy’s ratings for upgrade” with publication date: September 27, 2016.

RICE Company Profile

Rice Energy Inc. (Rice Energy), incorporated on October 1, 2013, is an independent natural gas and oil company. The Firm is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Firm conducts its activities through two divisions: Exploration and Production, and Midstream. The Exploration and Production segment is engaged in the acquisition, exploration and development of natural gas, oil and NGLs. The Midstream segment is engaged in the gathering and compression of natural gas, oil and NGL production of, and in the provision of water services to support the well completion activities of, Rice Energy and third parties.

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