Stock of the Day: What’s in Rice Energy Inc After Today’s Significant Increase?

Stock of the Day: What's in Rice Energy Inc After Today's Significant Increase?

The stock of Rice Energy Inc (NYSE:RICE) is a huge mover today! About 1.46 million shares traded hands. Rice Energy Inc (NYSE:RICE) has risen 38.59% since April 28, 2016 and is uptrending. It has outperformed by 32.66% the S&P500.
The move comes after 8 months positive chart setup for the $5.03 billion company. It was reported on Dec, 1 by Barchart.com. We have $26.10 PT which if reached, will make NYSE:RICE worth $150.90M more.

Analysts await Rice Energy Inc (NYSE:RICE) to report earnings on February, 22. They expect $0.04 EPS, down 75.00% or $0.12 from last year’s $0.16 per share. RICE’s profit will be $7.94M for 158.38 P/E if the $0.04 EPS becomes a reality.

Rice Energy Inc (NYSE:RICE) Ratings Coverage

Out of 18 analysts covering Rice Energy (NYSE:RICE), 11 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 61% are positive. Rice Energy has been the topic of 49 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, December 9, the company rating was initiated by JP Morgan. The rating was initiated by Topeka Capital Markets with “Buy” on Monday, October 12. On Friday, February 26 the stock rating was maintained by Topeka Capital Markets with “Buy”. On Monday, September 21 the stock rating was initiated by Jefferies with “Buy”. The rating was maintained by iBERIA Capital Partners with “Outperform” on Monday, March 7. Seaport Global upgraded the stock to “Buy” rating in Wednesday, March 30 report. The company was maintained on Tuesday, June 14 by Deutsche Bank. Drexel Hamilton initiated Rice Energy Inc (NYSE:RICE) on Thursday, February 18 with “Buy” rating. The stock of Rice Energy Inc (NYSE:RICE) has “Buy” rating given on Friday, August 5 by Stifel Nicolaus. Goldman Sachs reinitiated Rice Energy Inc (NYSE:RICE) on Monday, November 7 with “Neutral” rating.

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 increased to 1.56 in 2016 Q2. Its up 0.12, from 1.44 in 2016Q1. The ratio increased, 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.
Emerald Mutual Fund Advisers Tru, a Pennsylvania-based fund reported 338,542 shares. Steadfast Advisors L P accumulated 138,446 shares or 1.87% of the stock. Moreover, Keybank National Association Oh has 0.09% invested in Rice Energy Inc (NYSE:RICE) for 657,019 shares. Amalgamated Bank holds 0.02% or 14,394 shares in its portfolio. Blackrock Institutional Trust Na has 0% invested in the company for 107,581 shares. University Of Notre Dame Du Lac accumulated 2.22% or 106,738 shares. Jacobs Levy Equity Incorporated owns 146,050 shares or 0.07% of their US portfolio. Allianz Asset Mngmt Ag holds 0.01% or 675,000 shares in its portfolio. Parkside Fin Comml Bank has 35 shares for 0% of their US portfolio. Employees Retirement Association Of Colorado last reported 24,192 shares in the company. Moreover, Cipher Capital L P has 0.07% invested in Rice Energy Inc (NYSE:RICE) for 43,316 shares. Sei Invs Com has 121,937 shares for 0.02% of their US portfolio. Price T Rowe Assocs Incorporated Md accumulated 0.02% or 3.71M shares. Moreover, Advisory Rech has 0.01% invested in Rice Energy Inc (NYSE:RICE) for 18,080 shares. Carlton Hofferkamp Jenks Wealth Mngmt Ltd Liability accumulated 0.36% or 20,600 shares.

Insider Transactions: Since November 28, 2016, the stock had 0 insider buys, and 1 sale for $2.92 million net activity. On Monday, November 28 Rogers James Wilmot sold $2.92M worth of the stock or 114,523 shares.

Another recent and important Rice Energy Inc (NYSE:RICE) news was published by Prnewswire.com which published an article titled: “Rice Energy to Attend Jefferies Energy Conference” on November 22, 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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