Rice Energy (RICE) Receives ‘Analyst’ Rating

Rice Energy (RICE) : Zacks Investment Research ranks Rice Energy (RICE) as 3, which is a Hold recommendation. 10 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 15 research analysts is 1.6, which indicates as a Buy.

Rice Energy (RICE) : Average target price received by Rice Energy (RICE) is $27.43 with an expected standard deviation of $3.8. The most aggressive target on the stock is $31, whereas the most downbeat target is $18. 14 financial analysts are currently covering the stock.


Also, Equity Analysts at the Seaport Global upgrades the rating on Rice Energy (NYSE:RICE). The brokerage firm has issued a Buy rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 30, 2016.

Rice Energy (NYSE:RICE): After opening at $25.59, the stock dipped to an intraday low of $25.34 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.66 and the buying power remained strong till the end. The stock closed at $26.64 for the day, a gain of 4.63% for the day session. The total traded volume was 2,524,507. The stocks close on the previous trading day was $25.46.

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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