Short Term Price Target on Rice Energy (RICE)

Rice Energy (NYSE:RICE) : The consensus price target for Rice Energy (NYSE: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 Inc. has dropped 4.13% in the last five trading days, however, the shares have posted positive gains of 5.71% in the last 4 weeks. Rice Energy Inc. is up 60.06% in the last 3-month period. Year-to-Date the stock performance stands at 102.2%. Also, Deutsche Bank maintains its view on Rice Energy (NYSE:RICE) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $19 per share to $21 per share on Rice Energy . The rating by the firm was issued on June 14, 2016.

Rice Energy (NYSE:RICE) : The consensus on Rice Energy (NYSE:RICE) based on 16 analyst recommendation on the company stock is 1.44, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Rice Energy (NYSE:RICE): The stock opened at $22.55 on Thursday but the bulls could not build on the opening and the stock topped out at $22.75 for the day. The stock traded down to $21.70 during the day, due to lack of any buying support eventually closed down at $22.04 with a loss of -2.04% for the day. The stock had closed at $22.50 on the previous day. The total traded volume was 3,248,544 shares.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director 10% owner of Rice Energy Inc., Rice Daniel had sold 5,000,000 shares worth of $38,750,000 in a transaction dated December 21, 2015. In this transaction, 5,000,000 shares were sold at $7.75 per share.

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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