Revenue Update on Rice Energy Inc(NYSE:RICE)

Rice Energy Inc(NYSE:RICE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $156.00M. Analysts estimated a revenue of $176.05M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.06.

In a different note, On Jul 20, 2016, Deutsche Bank said it Maintains its rating on Rice Energy Inc. In the research note, the firm Raises the price-target to $21.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 18, 2016, Citigroup said it Maintains its rating on Rice Energy Inc. In the research note, the firm Raises the price-target to $19.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 14, 2016, Barclays said it Maintains its rating on Rice Energy Inc. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jun 14, 2016, Deutsche Bank said it Maintains its rating on Rice Energy Inc. In the research note, the firm Raises the price-target to $19.00 per share. The shares have been rated ‘Hold’ by the firm.

Rice Energy Inc (RICE) shares turned negative on Fridays trading session with the shares closing down -0.34 points or -1.40% at a volume of 30,58,921. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $24.44. The peak price level was also seen at $24.44 while the days lowest was $23.775. Finally the shares closed at $23.88. The 52-week high of the shares is $25.99 while the 52-week low is $7.92. According to the latest information available, the market cap of the company is $3,739 M.

Several Insider Transactions has been reported to the SEC. On Dec 22, 2015, Kathleen Peto (10% owner) sold 5,000,000 shares at $7.75 per share price.Also, On Dec 22, 2015, Energy Irrevocable Trust Rice (10% owner) sold 5,000,000 shares at $7.75 per share price.On Dec 22, 2015, Daniel Rice (director 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.

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