Rice Energy Inc (RICE) : University Of Notre Dame Du Lac scooped up 79,014 additional shares in Rice Energy Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 145,744 shares of Rice Energy Inc which is valued at $2.6 Million.Rice Energy Inc makes up approximately 3.23% of University Of Notre Dame Du Lac’s portfolio.
Other Hedge Funds, Including , Kennedy Capital Management added RICE to its portfolio by purchasing 201,400 company shares during the most recent quarter which is valued at $3.6 Million. Rice Energy Inc makes up approx 0.08% of Kennedy Capital Management’s portfolio.Jvl Advisors L.l.c. boosted its stake in RICE in the latest quarter, The investment management firm added 207,400 additional shares and now holds a total of 2,301,529 shares of Rice Energy Inc which is valued at $41.6 Million. Rice Energy Inc makes up approx 10.46% of Jvl Advisors L.l.c.’s portfolio. Menta Capital sold out all of its stake in RICE during the most recent quarter. The investment firm sold 62,506 shares of RICE which is valued $1.1 Million.Los Angeles Capital Management Equity Research Inc reduced its stake in RICE by selling 3,770 shares or 10.61% in the most recent quarter. The Hedge Fund company now holds 31,775 shares of RICE which is valued at $577,987. Rice Energy Inc makes up approx 0.01% of Los Angeles Capital Management Equity Research Inc’s portfolio.
Rice Energy Inc opened for trading at $18.65 and hit $19.31 on the upside on Wednesday, eventually ending the session at $19.07, with a gain of 3.36% or 0.62 points. The heightened volatility saw the trading volume jump to 31,12,111 shares. Company has a market cap of $2,984 M.
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.
Many Wall Street Analysts have commented on Rice Energy Inc. Company shares were Reiterated by Topeka Capital Markets on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 24 from a previous price target of $20 .Company shares were Reiterated by Stifel on May 9, 2016 to “Buy”, Firm has raised the Price Target to $ 22 from a previous price target of $19 .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 .
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.