Stevens Capital Management LP purchased a new stake in Rice Energy Inc. (NYSE:RICE) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 355,741 shares of the oil and gas producer’s stock, valued at approximately $9,473,000. Stevens Capital Management LP owned 0.17% of Rice Energy at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in RICE. Seven Eight Capital LP bought a new stake in Rice Energy in the second quarter valued at $118,000. FNY Partners Fund LP bought a new stake in Rice Energy in the first quarter valued at $127,000. Exane Asset Management bought a new stake in Rice Energy in the second quarter valued at $132,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Rice Energy by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock valued at $149,000 after acquiring an additional 494 shares during the period. Finally, Advisors Asset Management Inc. bought a new stake in Rice Energy in the first quarter valued at $190,000. Hedge funds and other institutional investors own 96.08% of the company’s stock.
A number of analysts have weighed in on the company. Stifel Nicolaus reiterated a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a research report on Thursday. Stephens cut Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 price target on the stock. in a research report on Thursday, August 3rd. Scotiabank reiterated a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a research report on Thursday, August 3rd. BidaskClub upgraded Rice Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, BMO Capital Markets set a $30.00 price target on Rice Energy and gave the company a “buy” rating in a research report on Tuesday, August 8th. Twenty-two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Rice Energy has a consensus rating of “Hold” and an average target price of $28.16.
Shares of Rice Energy Inc. (RICE) traded down 0.14% during trading on Friday, hitting $28.67. The stock had a trading volume of 5,929,470 shares. The stock’s market capitalization is $6.13 billion. Rice Energy Inc. has a one year low of $18.30 and a one year high of $29.55. The stock has a 50 day moving average price of $27.33 and a 200-day moving average price of $23.82.
Rice Energy (NYSE:RICE) last issued its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $398.30 million for the quarter, compared to the consensus estimate of $359.27 million. Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The company’s revenue was up 155.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.07) EPS. On average, equities research analysts predict that Rice Energy Inc. will post $0.72 earnings per share for the current year.
About Rice Energy
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 conducts its operations through two segments: Exploration and Production, and Midstream.
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