The stock of Rice Energy Inc (NYSE:RICE) is a huge mover today! About 1.40 million shares traded hands. Rice Energy Inc (NYSE:RICE) has risen 137.93% since March 11, 2016 and is uptrending. It has outperformed by 132.47% the S&P500.
The move comes after 5 months negative chart setup for the $5.07B company. It was reported on Oct, 14 by Barchart.com. We have $24.96 PT which if reached, will make NYSE:RICE worth $253.50 million less.
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 $1.93 million for 657.00 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 18 analysts covering Rice Energy (NYSE:RICE), 10 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 56% are positive. Rice Energy has been the topic of 46 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Sector Outperform” rating by Howard Weil given on Tuesday, October 11. The company was initiated on Thursday, October 6 by Mizuho. The company was initiated on Thursday, February 18 by Drexel Hamilton. Citigroup maintained Rice Energy Inc (NYSE:RICE) on Monday, September 14 with “Neutral” rating. The stock of Rice Energy Inc (NYSE:RICE) has “Neutral” rating given on Monday, July 18 by Citigroup. On Wednesday, December 9 the stock rating was initiated by JP Morgan with “Neutral”. The stock has “Neutral” rating given by Citigroup on Thursday, August 11. The firm has “Outperform” rating given on Tuesday, October 20 by RBC Capital Markets. The stock of Rice Energy Inc (NYSE:RICE) earned “Equalweight” rating by Barclays Capital on Thursday, July 14. The stock has “Neutral” rating given by Seaport Global on Tuesday, August 30.
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 Q2 2016. Its down 0.15, from 1.59 in 2016Q1. The ratio dropped, 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.
Us Financial Bank De holds 1,166 shares or 0% of its portfolio. Nationwide Fund Advsrs last reported 124,174 shares in the company. Creative Planning holds 0% or 250 shares in its portfolio. Teachers Advisors Incorporated accumulated 0.06% or 1.60 million shares. Los Angeles Mgmt And Equity Research holds 0% or 23,755 shares in its portfolio. Cookson Peirce And last reported 0.04% of its portfolio in the stock. Point72 Asset Ltd Partnership last reported 280,800 shares in the company. Waratah Cap last reported 0.87% of its portfolio in the stock. Great West Life Assurance Can reported 7,293 shares or 0% of all its holdings. Airain Ltd owns 337,295 shares or 0.43% of their US portfolio. Boothbay Fund holds 12,102 shares or 0.13% of its portfolio. Swiss Bank & Trust, a Switzerland-based fund reported 194,188 shares. Quantbot Techs Ltd Partnership, a New York-based fund reported 1,301 shares. Legal & General Group Incorporated Public Ltd Company has 0% invested in the company for 11,385 shares. Passport Capital Llc has 0.4% invested in the company for 1.00M shares.
More recent Rice Energy Inc (NYSE:RICE) news were published by: Prnewswire.com which released: “Rice Energy Announces Acquisition of Vantage Energy” on September 26, 2016. Also Seekingalpha.com published the news titled: “Rice Energy’s Advantage With Vantage Energy” on September 30, 2016. Blogs.Wsj.com‘s news article titled: “Stocks to Watch: Twitter, EndoChoice, Rice Energy” with publication date: September 27, 2016 was also an interesting one.
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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