RBC Capital Markets Lowers their Rating for Shares of Rice Energy (NYSE:RICE). Are Other Analysts Next?

June 20, 2017 - By Marry Poplack

  RBC Capital Markets Lowers their Rating for Shares of Rice Energy (NYSE:RICE). Are Other Analysts Next?

Investors sentiment decreased to 1.5 in Q4 2016. Its down 0.06, from 1.56 in 2016Q3. It is negative, as 41 investors sold Rice Energy Inc shares while 60 reduced holdings. 42 funds opened positions while 109 raised stakes. 171.99 million shares or 0.36% less from 172.62 million shares in 2016Q3 were reported.

E&G Advisors L P has 0.34% invested in Rice Energy Inc (NYSE:RICE). Deutsche National Bank & Trust Ag stated it has 0% of its portfolio in Rice Energy Inc (NYSE:RICE). California State Teachers Retirement Systems invested in 329,731 shares or 0.01% of the stock. Creative Planning accumulated 0% or 1,941 shares. Balyasny Asset Mgmt Ltd Llc invested 0.16% of its portfolio in Rice Energy Inc (NYSE:RICE). Magnetar holds 0.29% or 1.00M shares in its portfolio. 33,183 were accumulated by Kames Public Limited Company. Firefly Value Prtnrs L P holds 6.83% in Rice Energy Inc (NYSE:RICE) or 2.75M shares. 255,757 were accumulated by Jpmorgan Chase & Company. Tiaa Cref Inv Ltd Liability Corp reported 0.01% of its portfolio in Rice Energy Inc (NYSE:RICE). Nfc Limited Com reported 2.74% stake. Ny State Teachers Retirement Systems, a New York-based fund reported 10,500 shares. Schwab Charles Inv Mgmt owns 533,252 shares or 0.01% of their US portfolio. California Employees Retirement Systems stated it has 177,300 shares. Torray Limited Com reported 37,996 shares stake.

Rice Energy (NYSE:RICE) Receives a Downgrade

In an analyst note made public on 20 June, RBC Capital Markets has decreased shares of Rice Energy (NYSE:RICE) stock to a “Sector Perform” and has set a 12-month target price per share equal to $25.00. RICE’s last stock rating by RBC Capital Markets was a “Outperform”.

Investors sentiment decreased to 1.5 in Q4 2016. Its down 0.06, from 1.56 in 2016Q3. It is negative, as 41 investors sold Rice Energy Inc shares while 60 reduced holdings. 42 funds opened positions while 109 raised stakes. 171.99 million shares or 0.36% less from 172.62 million shares in 2016Q3 were reported.

E&G Advisors L P has 0.34% invested in Rice Energy Inc (NYSE:RICE). Deutsche National Bank & Trust Ag stated it has 0% of its portfolio in Rice Energy Inc (NYSE:RICE). California State Teachers Retirement Systems invested in 329,731 shares or 0.01% of the stock. Creative Planning accumulated 0% or 1,941 shares. Balyasny Asset Mgmt Ltd Llc invested 0.16% of its portfolio in Rice Energy Inc (NYSE:RICE). Magnetar holds 0.29% or 1.00M shares in its portfolio. 33,183 were accumulated by Kames Public Limited Company. Firefly Value Prtnrs L P holds 6.83% in Rice Energy Inc (NYSE:RICE) or 2.75M shares. 255,757 were accumulated by Jpmorgan Chase & Company. Tiaa Cref Inv Ltd Liability Corp reported 0.01% of its portfolio in Rice Energy Inc (NYSE:RICE). Nfc Limited Com reported 2.74% stake. Ny State Teachers Retirement Systems, a New York-based fund reported 10,500 shares. Schwab Charles Inv Mgmt owns 533,252 shares or 0.01% of their US portfolio. California Employees Retirement Systems stated it has 177,300 shares. Torray Limited Com reported 37,996 shares stake.

Rice Energy Inc (NYSE:RICE) Ratings Coverage

Among 22 analysts covering Rice Energy (NYSE:RICE), 15 have Buy rating, 0 Sell and 7 Hold. Therefore 68% are positive. Rice Energy has $43 highest and $9.50 lowest target. $26.19’s average target is 6.99% above currents $24.48 stock price. Rice Energy had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by RBC Capital Markets on Tuesday, October 20 to “Outperform”. Williams Capital Group maintained the stock with “Buy” rating in Friday, May 5 report. On Tuesday, March 15 the stock rating was maintained by JP Morgan with “Neutral”. The company was maintained on Monday, July 18 by Citigroup. RBC Capital Markets maintained the shares of RICE in report on Monday, October 3 with “Outperform” rating. The firm has “Hold” rating given on Monday, January 30 by SunTrust. The firm has “Hold” rating given on Monday, August 29 by Williams Capital Group. The firm earned “Hold” rating on Wednesday, August 10 by Deutsche Bank. The company was initiated on Thursday, October 6 by Mizuho. On Thursday, April 7 the stock rating was maintained by Citigroup with “Neutral”.

About 150,401 shares traded. Rice Energy Inc (NYSE:RICE) has risen 14.59% since June 20, 2016 and is uptrending. It has underperformed by 2.11% the S&P500.

Wall Street await Rice Energy Inc (NYSE:RICE) to release earnings on August, 2. Analysts forecast earnings per share of $0.17, up exactly $0.24 or 342.86 % from 2014’s $-0.07 EPS. The expected RICE’s profit could reach $43.47M giving the stock 35.94 P/E in the case that $0.17 earnings per share is reported. After posting $0.12 EPS for the previous quarter, Rice Energy Inc’s analysts now forecast 41.67 % EPS growth.

Rice Energy Inc. is an independent natural gas and oil company. The company has market cap of $6.26 billion. The Firm is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. It currently has negative earnings. The Firm conducts its activities through two divisions: Exploration and Production, and Midstream.

More notable recent Rice Energy Inc (NYSE:RICE) news were published by: Marketwatch.com which released: “Rice Energy’s stock soars after deal to be bought by EQT in a $6.7 billion deal” on June 19, 2017, also Wsj.com with their article: “EQT to Buy Rice Energy for $6.7 Billion” published on June 19, 2017, Businesswire.com published: “SHAREHOLDER ALERT: Brower Piven Commences An Investigation Into The Proposed …” on June 19, 2017. More interesting news about Rice Energy Inc (NYSE:RICE) were released by: Businesswire.com and their article: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Announces an Investigation Concerning …” published on June 19, 2017 as well as Law360.com‘s news article titled: “Wachtell Steers EQT On $6.7B Rice Energy Buyout” with publication date: June 19, 2017.

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