Rice Energy Inc. (RICE) up 5.83 per cent in the past week, is under coverage of 26 analysts who collectively recommend a buy rating on stock. 20 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 22 equity analysts who rate the stock have an average target price at $22.39, with individual targets ranging between $16 and $30. The shares closed last trade at $21.43, implying that analysts see shares rising about 4.48 per cent in 12 months’ time.
Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 96.61 up so far this year. A Director, 10% Owner at Rice Energy Inc. (RICE) sold shares in the company in a transaction completed on Friday April 15, 2016. Ngp Rice Holdings Llc offloaded 9,858,891 shares in the company at an average price of $15.6 and ended up generating $154,000,000 in proceeds. Ngp Rice Holdings Llc retains 4,478,834 shares in the company after this transaction. A 10% Owner in the company, Rice Energy Irrevocable Trust, on Monday December 21, 2015 collected $38,750,000 from the sale of 5,000,000 shares at $15.6 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.
Earnings to Watch: Investors considering RICE stock at the going market price of $21.43/share should know the stock will next release quarterly results for the June 2016 quarter. For the reporting quarter, analysts expect the company to deliver -$0.07 in earnings per share (EPS). That would represent a -333.33% year-over-year decrease. Revenue for the same period is expected to arrive at $178.44M.
Earnings Roundup: In the last fiscal quarter alone, Rice Energy Inc. generated around $139.94M in revenue and net income of $0.02/share. That compares with the consensus estimate $162.91M and -$0.09/share, respectively. For the prior quarter revenue for the company hit $136.09M, with earnings at $0.16/share.
Analyst Coverage: Drexel Hamilton has been a brokerage house following shares of Rice Energy Inc. (RICE), so its rating change is noteworthy. The stock was initiated at Buy, wrote analysts at Drexel Hamilton, in a note issued to clients on Thursday February 18, 2016. There was another key note issued by Goldman on Wednesday November 11, 2015. The firm lowered its rating on RICE from Buy to Neutral.
Price Momentum: Despite the 3.98% increase in value, the stock’s new closing price represents a -9.46% fall in value from company’s one year high of $23.67. The stock is currently holding below its 50 day moving average of $25.03 and above its 200 day moving average of $18.37. Over the last three months and over the last six months, the shares of Rice Energy Inc. (RICE), have changed 49.7% and 12.95%, respectively.