Rice Energy (RICE) Shares are Up 9.35%

Rice Energy (RICE) : Traders are bullish on Rice Energy (RICE) as it has outperformed the S&P 500 by a wide margin of 9.56% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.88%, 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 9.35% in the last 1 week, and is up 12.29% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Rice Energy (NYSE:RICE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $25.29 and $24.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.63. The buying momentum continued till the end and the stock did not give up its gains. It closed at $25.50, notching a gain of 0.83% for the day. The total traded volume was 2,610,764 . The stock had closed at $25.29 on the previous day.

The stock has recorded a 20-day Moving Average of 14.17% and the 50-Day Moving Average is 16.94%. Rice Energy Inc. is up 40.19% in the last 3-month period. Year-to-Date the stock performance stands at 133.94%.

Rice Energy (RICE) stock is expected to deviate a maximum of $4.03 from the average target price of $24.69 for the short term period. 13 Street Experts have initiated coverage on the stock with the most promising target being $33 and the most muted being $18.


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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