Emerald Advisers Inc. PA Lowers Stake in Rice Energy Inc. (NYSE:RICE)

Emerald Advisers Inc. PA cut its position in Rice Energy Inc. (NYSE:RICE) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,031 shares of the oil and gas producer’s stock after selling 1,979 shares during the period. Emerald Advisers Inc. PA’s holdings in Rice Energy were worth $613,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. FNY Partners Fund LP acquired a new stake in Rice Energy during the first quarter valued at approximately $127,000. Exane Asset Management acquired a new stake in Rice Energy during the second quarter valued at approximately $132,000. Advisors Asset Management Inc. acquired a new stake in Rice Energy during the first quarter valued at approximately $190,000. Campbell & CO Investment Adviser LLC acquired a new stake in Rice Energy during the first quarter valued at approximately $211,000. Finally, Glen Harbor Capital Management LLC acquired a new stake in Rice Energy during the first quarter valued at approximately $212,000. 97.27% of the stock is currently owned by institutional investors.

Shares of Rice Energy Inc. (RICE) traded down 1.24% on Friday, reaching $26.32. 5,504,843 shares of the company’s stock were exchanged. The firm’s market cap is $5.63 billion. The company has a 50 day moving average price of $26.95 and a 200 day moving average price of $22.88. Rice Energy Inc. has a one year low of $18.30 and a one year high of $29.55.

Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The company had revenue of $398.30 million for the quarter, compared to the consensus estimate of $359.27 million. Rice Energy had a negative net margin of 3.00% and a positive return on equity of 3.27%. The business’s revenue for the quarter was up 155.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.07) EPS. Analysts expect that Rice Energy Inc. will post $0.57 EPS for the current fiscal year.

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RICE has been the topic of several recent research reports. BMO Capital Markets reaffirmed a “buy” rating and set a $28.00 price objective on shares of Rice Energy in a report on Tuesday, June 20th. Scotiabank reaffirmed a “buy” rating and set a $29.00 price objective on shares of Rice Energy in a report on Monday, June 19th. Williams Capital reaffirmed a “buy” rating and set a $27.00 price objective on shares of Rice Energy in a report on Monday, June 19th. Jefferies Group LLC set a $26.00 price objective on shares of Rice Energy and gave the company a “buy” rating in a report on Saturday, June 17th. Finally, Mizuho reaffirmed a “buy” rating and set a $34.00 price objective on shares of Rice Energy in a report on Friday, June 16th. Twenty equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.11.

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.

Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)

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