Rice Energy (RICE) : Analyst Rating Update

Rice Energy (RICE) : 16 analysts are covering Rice Energy (RICE) and their average rating on the stock is 1.44, which is read as a Strong Buy. 12 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Rice Energy (RICE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Rice Energy (RICE) : The consensus price target for Rice Energy (RICE) is $22.07 for the short term with a standard deviation of $3.75. The most optimist securities analyst among the 14 who monitor the stock believes that the stock can reach $30, however, the pessimist price target for the company is $16.

Rice Energy (NYSE:RICE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.45 and $21.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.19, notching a gain of 2.31% for the day. The total traded volume was 4,201,564 . The stock had closed at $21.69 on the previous day.

Also, Equity Analysts at the Deutsche Bank maintains the rating on Rice Energy (NYSE:RICE). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $19 per share to $21 per share. The rating by the firm was issued on June 14, 2016. The company shares have rallied 12.68% from its 1 Year high price. On Jun 29, 2016, the shares registered one year high at $23.57 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $20.91 and the 200 Day Moving Average price is recorded at $14.48.

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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