The stock of Rice Energy Inc (NYSE:RICE) is a huge mover today! About 1.25M shares traded hands. Rice Energy Inc (NYSE:RICE) has risen 44.11% since April 13, 2016 and is uptrending. It has outperformed by 40.18% the S&P500.
The move comes after 8 months positive chart setup for the $5.12B company. It was reported on Nov, 15 by Barchart.com. We have $39.66 PT which if reached, will make NYSE:RICE worth $3.23B more.
Rice Energy Inc (NYSE:RICE) Ratings Coverage
Out of 18 analysts covering Rice Energy (NYSE:RICE), 10 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 56% are positive. Rice Energy has been the topic of 48 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Citigroup maintained Rice Energy Inc (NYSE:RICE) rating on Monday, September 14. Citigroup has “Neutral” rating and $20 price target. The firm earned “Neutral” rating on Thursday, August 11 by Citigroup. GMP Securities reinitiated Rice Energy Inc (NYSE:RICE) on Wednesday, September 28 with “Buy” rating. Goldman Sachs downgraded the stock to “Neutral” rating in Wednesday, November 11 report. Deutsche Bank initiated Rice Energy Inc (NYSE:RICE) on Wednesday, December 16 with “Hold” rating. The stock has “Neutral” rating given by JP Morgan on Wednesday, December 9. The stock of Rice Energy Inc (NYSE:RICE) has “Buy” rating given on Thursday, February 18 by Drexel Hamilton. Citigroup maintained it with “Neutral” rating and $20.50 target price in Friday, August 14 report. Topeka Capital Markets maintained the shares of RICE in a report on Friday, February 26 with “Buy” rating. The stock of Rice Energy Inc (NYSE:RICE) has “Neutral” rating given on Tuesday, March 15 by JP Morgan.
According to Zacks Investment Research, “Rice Energy Inc. is involved in the acquisition, exploration and development of natural gas and oil properties primarily in the Appalachian Basin. Rice Energy Inc. is headquartered in Hillpointe Drive, United States.”
Insitutional Activity: The institutional sentiment decreased to 1.44 in Q2 2016. Its down 0.15, from 1.59 in 2016Q1. The ratio dived, as 28 funds sold all Rice Energy Inc shares owned while 58 reduced positions. 54 funds bought stakes while 70 increased positions. They now own 142.82 million shares or 3.89% more from 137.47 million shares in 2016Q1.
Moreover, Wells Fargo & Mn has 0% invested in Rice Energy Inc (NYSE:RICE) for 167,029 shares. The Texas-based Hwg Lp has invested 4.16% in Rice Energy Inc (NYSE:RICE). Essex Co Ltd Liability Co owns 30,686 shares or 0.11% of their US portfolio. Engineers Gate Manager L P has 0.41% invested in the company for 257,045 shares. Manufacturers Life Company The last reported 0% of its portfolio in the stock. Bamco Inc New York reported 223,800 shares or 0.03% of all its holdings. Blackrock Gru Limited accumulated 124,090 shares or 0% of the stock. Encompass Cap Lc reported 250,000 shares or 1.63% of all its holdings. Msd Prtn Lp last reported 0.39% of its portfolio in the stock. Highbridge Cap Mngmt Llc holds 0.01% of its portfolio in Rice Energy Inc (NYSE:RICE) for 14,310 shares. Envestnet Asset Management Incorporated holds 3,373 shares or 0% of its portfolio. Key Group (Cayman) Limited has invested 0.04% of its portfolio in Rice Energy Inc (NYSE:RICE). Vollero Beach Capital Limited Liability accumulated 153,781 shares or 0.77% of the stock. Northern Tru accumulated 0% or 481,609 shares. Metropolitan Life Ins Ny accumulated 0% or 3,521 shares.
Another recent and important Rice Energy Inc (NYSE:RICE) news was published by Moodys.com which published an article titled: “Moody’s upgrades Rice Energy to B1; outlook stable” on October 26, 2016.
RICE Company Profile
Rice Energy Inc. (Rice Energy), incorporated on October 1, 2013, is an independent natural gas and oil company. The Firm is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Firm conducts its activities through two divisions: Exploration and Production, and Midstream. The Exploration and Production segment is engaged in the acquisition, exploration and development of natural gas, oil and NGLs. The 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.
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