Rice Energy Inc(NYSE:RICE) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $284.046M. Analysts estimated a revenue of $267.180M. The revenues were 6.31% above the estimates. Earnings per share were $0.37. The reported EPS was below estimates by 1,133.33%. Analysts had estimated an EPS of $0.03.
In a different note, On Feb 7, 2017, Seaport Global said it Upgrades its rating on Rice Energy Inc. The shares have been rated ‘Buy’ by the firm. On Jan 30, 2017, SunTrust Robinson Humphrey said it Downgrades its rating on Rice Energy Inc. The shares have been rated ‘Hold’ by the firm. On Jan 24, 2017, Williams Capital said it Upgrades its rating on Rice Energy Inc. According to the research note, Williams Capital Raises the price target to $27 per share from a prior target of $25. The shares have been rated ‘Buy’ by the firm. On Dec 19, 2016, Barclays said it Reinstates its rating on Rice Energy Inc. In the research note, the firm Announces the price-target to $30 per share. The shares have been rated ‘Overweight’ by the firm. On Dec 16, 2016, Goldman Sachs said it Upgrades its rating on Rice Energy Inc. The shares have been rated ‘Buy’ by the firm.
Rice Energy Inc (RICE) shares turned negative on Wednesdays trading session with the shares closing down -0.28 points or -1.41% at a volume of 40,37,154. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.96. The peak price level was also seen at $19.96 while the days lowest was $19.44. Finally the shares closed at $19.54. The 52-week high of the shares is $29.36 while the 52-week low is $8.08. According to the latest information available, the market cap of the company is $3,959 M.
Several Insider Transactions has been reported to the SEC. On Nov 30, 2016, James Wilmot Rogers (officer ) sold 114,523 shares at $25.33 per share price.Also, On Dec 22, 2015, Kathleen Peto (10% owner) sold 5,000,000 shares at $7.75 per share price.On Dec 22, 2015, Energy Irrevocable Trust Rice (10% owner) sold 5,000,000 shares at $7.75 per share price, according to the Form-4 filing with the securities and exchange commission.
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 operates in two segments: Exploration and Production and Midstream. Exploration and Production segment is engaged in the acquisition exploration and development of natural gas oil and NGLs. Midstream segment is engaged in the gathering and compression of natural gas oil and NGL production of and in the provision of water services to support the well completion activities of Rice Energy and third-parties. The Company’s Exploration and Production segment operates in the core of the Marcellus Utica Shales and Upper Devonian Shale. The Company’s midstream assets consist of gathering systems and associated compression infrastructure at Washington County System Greene County System and Belmont County System.