Analyst Rating Update on Rice Energy (RICE)

Rice Energy (RICE) has an average broker rating of 1.44, which is interpreted as a Strong Buy, as rated by 16 equity analysts. Nonetheless, 12 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Rice Energy (RICE) : 14 investment research analysts covering Rice Energy (RICE) have an average price target of $24.57 for the near short term. The highest target price given by the Brokerage Firm to the stock is $33 and the lowest target is $18 for the short term. Analysts expect the variance to be within $3.78 of the average price.

For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Rice Energy (NYSE:RICE). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank raises the price target from $21 per share to $23 per share. The rating by the firm was issued on July 20, 2016.


Rice Energy (NYSE:RICE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $23.20 and $23.04 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $24.01. The buying momentum continued till the end and the stock did not give up its gains. It closed at $23.99, notching a gain of 3.58% for the day. The total traded volume was 4,295,262 . The stock had closed at $23.16 on the previous day.

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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