Price Target Update on Rice Energy (NYSE:RICE)

Rice Energy (NYSE:RICE) : The highest short term price target forecast on Rice Energy (NYSE:RICE) is $30 and the lowest target price is $16. A total of 14 equity analysts are currently covering the company. The average price of all the analysts is $22.07 with a standard deviation of $3.75.

Other Equity analysts have also commented 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.

Rice Energy (NYSE:RICE): stock turned positive on Thursday. Though the stock opened at $22.89, the bulls momentum made the stock top out at $23.07 level for the day. The stock recorded a low of $22.73 and closed the trading day at $22.99, in the green by 1.59%. The total traded volume for the day was 2,820,294. The stock had closed at $22.63 in the previous days trading.

The company shares have rallied 6.69% from its 1 Year high price. On Jun 22, 2016, the shares registered one year high at $23.13 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $19.87 and the 200 Day Moving Average price is recorded at $13.64. 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.

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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