The Rice Energy’s (RICE) Buy Rating Reaffirmed at Royal Bank of Canada

The Rice Energy’s (RICE) Buy Rating Reaffirmed at Royal Bank of Canada

Other equities research analysts also recently issued reports about the company. Jefferies Group LLC set a $26.00 target price on Rice Energy and gave the company a “buy” rating in a report on Saturday, March 25th. National Securities reissued a “buy” rating and issued a $30.00 price objective on shares of Rice Energy in a research note on Monday, May 8th. Stifel Nicolaus increased their price objective on Rice Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. Williams Capital reissued a “buy” rating and issued a $30.00 price objective on shares of Rice Energy in a research note on Thursday, May 4th. Finally, TheStreet raised Rice Energy from a “d+” rating to a “c-” rating in a research note on Thursday, April 6th. Six analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $30.76.

Rice Energy Inc (NYSE:RICE)‘s stock had its “buy” rating reaffirmed by stock analysts at Royal Bank of Canada in a research note issued to investors on Friday. They currently have a $28.00 price target on the oil and gas producer’s stock. Royal Bank of Canada’s target price would indicate a potential upside of 41.77% from the company’s previous close.

Rice Energy (NYSE:RICE) opened at 19.75 on Friday. The company has a 50-day moving average of $21.58 and a 200 day moving average of $21.73. The firm’s market cap is $4.05 billion. Rice Energy has a 52 week low of $18.30 and a 52 week high of $29.36.

Several large investors have recently bought and sold shares of the company. New York State Teachers Retirement System increased its stake in Rice Energy by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,500 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 100 shares during the period. Stifel Financial Corp increased its stake in Rice Energy by 0.5% in the first quarter. Stifel Financial Corp now owns 65,282 shares of the oil and gas producer’s stock worth $1,541,000 after buying an additional 296 shares during the period. Global Endowment Management LP increased its stake in Rice Energy by 2.7% in the first quarter. Global Endowment Management LP now owns 21,570 shares of the oil and gas producer’s stock worth $511,000 after buying an additional 570 shares during the period. Amalgamated Bank increased its stake in Rice Energy by 3.4% in the first quarter. Amalgamated Bank now owns 22,146 shares of the oil and gas producer’s stock worth $525,000 after buying an additional 719 shares during the period. Finally, ProShare Advisors LLC increased its stake in Rice Energy by 7.8% in the first quarter. ProShare Advisors LLC now owns 14,953 shares of the oil and gas producer’s stock worth $354,000 after buying an additional 1,084 shares during the period. 94.27% of the stock is owned by institutional investors. 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “RICE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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