Rice Energy Inc (RICE) Received a $30.00 Target Price by Scotiabank Analysts

Rice Energy Inc (RICE) Received a $30.00 Target Price by Scotiabank Analysts

Scotiabank set a $30.00 target price on Rice Energy Inc (NYSE:RICE) in a research report report published on Monday morning. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. TheStreet lowered shares of Rice Energy from a hold rating to a sell rating in a report on Tuesday, January 3rd. SunTrust Banks, Inc. lowered shares of Rice Energy from a buy rating to a hold rating in a report on Monday, January 30th. Goldman Sachs Group Inc upgraded shares of Rice Energy from a neutral rating to a buy rating in a report on Friday, December 16th. Seaport Global Securities upgraded shares of Rice Energy from a neutral rating to a buy rating and set a $28.00 price objective for the company in a report on Monday, February 6th. Finally, Deutsche Bank AG decreased their price objective on shares of Rice Energy from $33.00 to $30.00 and set a buy rating for the company in a report on Tuesday, March 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $30.26.

Shares of Rice Energy (NYSE:RICE) traded up 2.18% on Monday, hitting $22.50. 4,290,894 shares of the stock traded hands. Rice Energy has a 52-week low of $12.48 and a 52-week high of $29.36. The stock’s 50 day moving average price is $20.47 and its 200 day moving average price is $22.79. The stock’s market cap is $4.58 billion.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Chicago Equity Partners LLC purchased a new position in shares of Rice Energy during the third quarter worth about $793,000. Emerald Mutual Fund Advisers Trust increased its position in shares of Rice Energy by 27.1% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 430,439 shares of the company’s stock worth $11,239,000 after buying an additional 91,897 shares during the last quarter. Emerald Advisers Inc. PA increased its position in shares of Rice Energy by 20.1% in the third quarter. Emerald Advisers Inc. PA now owns 1,166,310 shares of the company’s stock worth $30,452,000 after buying an additional 195,407 shares during the last quarter. HITE Hedge Asset Management LLC purchased a new position in shares of Rice Energy during the third quarter worth about $6,337,000. Finally, Great West Life Assurance Co. Can increased its position in shares of Rice Energy by 44.7% in the third quarter. Great West Life Assurance Co. Can now owns 18,646 shares of the company’s stock worth $486,000 after buying an additional 5,762 shares during the last quarter. 94.27% of the stock is currently owned by hedge funds and other institutional investors.

Rice Energy Company Profile

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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