Large Outflow of Money Witnessed in Rice Energy

Rice Energy (NYSE:RICE) surged 3.26% during the last session. The last traded price was up 0.67 points at $21.25. The data for the fund flow suggests that the net intraday money flow was $(-0.94) million. The fund value in upticks was recorded to be $8.66 million and in downticks, it was found to be $9.6 million. The up/down ratio for the day was measured to be 0.9. For the week, the shares have seen a percentage change of 1.87%.A block trade of $(-0.52) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0.29 million and that of downticks was $0.81 million. The block tradeoff had the up/down ratio of 0.36.


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%. On the companys insider trading activities, Rice Daniel, director 10% owner of Rice Energy Inc., unloaded 5,000,000 shares at an average price of $7.75 on December 21, 2015. The total amount of the transaction was worth $38,750,000, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Rice Energy (NYSE:RICE) : On Monday heightened volatility was witnessed in Rice Energy (NYSE:RICE) which led to swings in the share price. The stock opened for trading at $20.43 and hit $21.41 on the upside , eventually ending the session at $21.25, with a gain of 3.26% or 0.67 points. The heightened volatility saw the trading volume jump to 3,864,058 shares. The 52-week high of the share price is $23.67 and the company has a market cap of $3,325 million. The 52-week low of the share price is at $7.92 .

Many analysts have stated their opinion on the company shares. Major Brokerage house, Citigroup maintains its ratings on Rice Energy (NYSE:RICE). In the latest research report, Citigroup lowers the target price from $11.5 per share to $14 per share. According to the latest information available, the shares are now rated Neutral by the analysts at the agency. The rating by the firm was issued on April 7, 2016.

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.

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