Rice Energy (RICE) : Traders are bullish on Rice Energy (RICE) as it has outperformed the S&P 500 by a wide margin of 15.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.95%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.28% in the last 1 week, and is up 15.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 6.92% and the fifty day Moving Average is 15.5%. Rice Energy Inc. is up 36.41% in the last three month period. Year-to-Date the stock performance stands at 146.79%.
Rice Energy (RICE) has been rated by 13 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $36 and the lowest price target forecast is $18. The average forecast of all the analysts is $27.54 and the expected standard deviation is $4.58.
Rice Energy (NYSE:RICE): stock turned positive on Friday. Though the stock opened at $26.76, the bulls momentum made the stock top out at $27.26 level for the day. The stock recorded a low of $26.22 and closed the trading day at $26.9, in the green by 0.90%. The total traded volume for the day was 2,252,289. The stock had closed at $26.66 in the previous days trading.
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.