Rice Energy Inc (RICE) was Reiterated by Topeka Capital Markets to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 24 from a previous price target of $20 . Topeka Capital Markets advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on Rice Energy Inc. Company shares were Reiterated by Topeka Capital Markets on Apr 13, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $16 .Shares were Reiterated by Topeka Capital Markets on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 16 from a previous price target of $28 .Rice Energy Inc was Initiated by Drexel Hamilton to “Buy” on Feb 18, 2016.
On the company’s financial health, Rice Energy Inc reported $-0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $-0.10. The company had revenue of $139.90 million for the quarter, compared to analysts expectations of $170.29 million. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.
Rice Energy Inc opened for trading at $17.69 and hit $18.66 on the upside on Friday, eventually ending the session at $18.19, with a gain of 1.79% or 0.32 points. The heightened volatility saw the trading volume jump to 37,05,149 shares. Company has a market cap of $2,846 M.
In a different news, on Nov 30, 2015, Toby Z. Rice (COO) purchased 7,500 shares at $13.30 per share price. According to the SEC, on Mar 19, 2015, John Mccartney (director) purchased 2,000 shares at $19.28 per share price. On Mar 17, 2015, Steven C Dixon (director) purchased 10,000 shares at $17.92 per share price, according to the Form-4 filing with the securities and exchange commission.
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 operates in two segments: Exploration and Production and Midstream. Exploration and Production segment is engaged in the acquisition exploration and development of natural gas oil and NGLs. 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. The Company’s Exploration and Production segment operates in the core of the Marcellus Utica Shales and Upper Devonian Shale. The Company’s midstream assets consist of gathering systems and associated compression infrastructure at Washington County System Greene County System and Belmont County System.