Rice Energy (NYSE:RICE) has climbed 7.92% in the past week and advanced 19.28% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 9.22% and the outperformance has advanced to 18.19% for the last 4 weeks period.
Rice Energy (NYSE:RICE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.49 and $21.47 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.21, notching a gain of 4.91% for the day. The total traded volume was 4,058,216 . The stock had closed at $21.17 on the previous day.
The company shares have dropped -0.98% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $22.66 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.38 and the 200 Day Moving Average price is recorded at $13.41.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Rice Daniel, director 10% owner of Rice Energy Inc., had unloaded 5,000,000 shares at an average price of $7.75 in a transaction dated on December 21, 2015. The total value of the transaction was worth $38,750,000.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Deutsche Bank maintains its ratings on Rice Energy (NYSE:RICE). In the latest research report, Deutsche Bank raises the target price from $19 per share to $21 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on June 14, 2016. Currently the company Insiders own 2.2% of Rice Energy shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -68.76% . Institutional Investors own 87.69% of Rice Energy shares. During last six month period, the net percent change held by insiders has seen a change of -68.76%.
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 Companys Exploration and Production segment operates in the core of the Marcellus, Utica Shales and Upper Devonian Shale. The Companys midstream assets consist of gathering systems and associated compression infrastructure at Washington County System, Greene County System and Belmont County System.