Wall Street brokerages expect Rice Energy Inc. (NYSE:RICE) to report $0.12 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Rice Energy’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.05. Rice Energy posted earnings of ($0.07) per share in the same quarter last year, which suggests a positive year over year growth rate of 271.4%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, August 2nd.
On average, analysts expect that Rice Energy will report full year earnings of $0.58 per share for the current year, with EPS estimates ranging from $0.36 to $0.72. For the next financial year, analysts forecast that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.39 to $1.18. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Rice Energy.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by $0.10. Rice Energy had a positive return on equity of 2.45% and a negative net margin of 27.73%. The business had revenue of $393.81 million for the quarter, compared to analyst estimates of $364.60 million.
A number of brokerages have recently commented on RICE. Cowen and Company set a $30.00 price objective on shares of Rice Energy and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Group LLC lowered shares of Rice Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Mizuho lowered shares of Rice Energy from a “buy” rating to a “neutral” rating and set a $27.50 price objective on the stock. in a research report on Monday, July 10th. William Blair lowered shares of Rice Energy from a “buy” rating to a “neutral” rating and set a $27.00 price objective on the stock. in a research report on Monday, July 3rd. Finally, Williams Capital lowered shares of Rice Energy from a “buy” rating to a “hold” rating and set a $27.00 price objective on the stock. in a research report on Monday, July 3rd. One equities research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Rice Energy presently has an average rating of “Hold” and a consensus price target of $27.93.
Shares of Rice Energy (NYSE RICE) traded down 0.37% on Thursday, hitting $26.67. 7,701,814 shares of the stock traded hands. Rice Energy has a 52 week low of $18.30 and a 52 week high of $29.36. The firm’s market capitalization is $5.47 billion. The firm’s 50 day moving average is $23.60 and its 200 day moving average is $21.87.
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Several institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. bought a new position in Rice Energy during the fourth quarter valued at approximately $586,000. Comerica Bank increased its position in Rice Energy by 106.1% in the fourth quarter. Comerica Bank now owns 16,021 shares of the oil and gas producer’s stock valued at $330,000 after buying an additional 8,248 shares in the last quarter. New York State Teachers Retirement System increased its position 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 valued at $224,000 after buying an additional 100 shares in the last quarter. Guggenheim Capital LLC increased its position in Rice Energy by 108.6% in the fourth quarter. Guggenheim Capital LLC now owns 49,134 shares of the oil and gas producer’s stock valued at $1,049,000 after buying an additional 25,585 shares in the last quarter. Finally, Norges Bank bought a new position in Rice Energy during the fourth quarter valued at approximately $10,166,000.
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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