SG Americas Securities LLC raised its stake in shares of Rice Energy Inc. (NYSE:RICE) by 2,396.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 122,564 shares of the oil and gas producer’s stock after buying an additional 117,654 shares during the period. SG Americas Securities LLC owned 0.06% of Rice Energy worth $3,264,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. raised its position in Rice Energy by 4,630.0% in the first quarter. BlackRock Inc. now owns 5,078,278 shares of the oil and gas producer’s stock valued at $120,357,000 after buying an additional 4,970,915 shares during the last quarter. Neuberger Berman Group LLC raised its position in Rice Energy by 4,932.1% in the first quarter. Neuberger Berman Group LLC now owns 1,646,395 shares of the oil and gas producer’s stock valued at $39,020,000 after buying an additional 1,613,677 shares during the last quarter. Chicago Capital Management LLC purchased a new position in Rice Energy during the second quarter valued at $27,767,000. Boston Partners raised its position in Rice Energy by 21.7% in the first quarter. Boston Partners now owns 4,729,542 shares of the oil and gas producer’s stock valued at $112,090,000 after buying an additional 843,462 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. purchased a new position in Rice Energy during the second quarter valued at $16,348,000. 97.27% of the stock is currently owned by institutional investors.
Shares of Rice Energy Inc. (RICE) opened at 26.32 on Monday. Rice Energy Inc. has a 12-month low of $18.30 and a 12-month high of $29.55. The stock has a 50 day moving average of $26.95 and a 200-day moving average of $22.88. The firm’s market capitalization is $5.63 billion.
Rice Energy (NYSE:RICE) last issued its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by $0.01. Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The firm had revenue of $398.30 million during the quarter, compared to the consensus estimate of $359.27 million. During the same quarter in the prior year, the business earned ($1.07) earnings per share. Rice Energy’s revenue for the quarter was up 155.3% on a year-over-year basis. On average, equities research analysts predict that Rice Energy Inc. will post $0.57 EPS for the current fiscal year.
Several research analysts recently weighed in on RICE shares. Royal Bank Of Canada set a $28.00 price objective on shares of Rice Energy and gave the stock a “buy” rating in a research note on Friday, June 2nd. Stifel Nicolaus lifted their price objective on shares of Rice Energy from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Tuesday, May 9th. National Securities reissued a “buy” rating and set a $30.00 price objective on shares of Rice Energy in a research note on Monday, May 8th. Williams Capital reissued a “buy” rating and set a $30.00 price objective on shares of Rice Energy in a research note on Thursday, May 4th. Finally, Scotiabank reissued a “buy” rating and set a $30.00 price objective on shares of Rice Energy in a research note on Thursday, May 4th. Twenty research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average 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.
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