Rice Energy Inc (RICE) : Nfc Investments reduced its stake in Rice Energy Inc by 2.51% during the most recent quarter end. The investment management company now holds a total of 330,781 shares of Rice Energy Inc which is valued at $7,899,050 after selling 8,532 shares in Rice Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Rice Energy Inc makes up approximately 3.51% of Nfc Investments’s portfolio.
Other Hedge Funds, Including , Nine Chapters Capital Management sold out all of its stake in RICE during the most recent quarter. The investment firm sold 27,300 shares of RICE which is valued $686,049.Stephens Inc Ar reduced its stake in RICE by selling 69,954 shares or 82.24% in the most recent quarter. The Hedge Fund company now holds 15,105 shares of RICE which is valued at $385,178. Rice Energy Inc makes up approx 0.02% of Stephens Inc Ar’s portfolio.Great West Life Assurance Co Can boosted its stake in RICE in the latest quarter, The investment management firm added 5,591 additional shares and now holds a total of 12,884 shares of Rice Energy Inc which is valued at $309,087. Ibm Retirement Fund added RICE to its portfolio by purchasing 12,025 company shares during the most recent quarter which is valued at $261,424. Rice Energy Inc makes up approx 0.01% of Ibm Retirement Fund’s portfolio.
Rice Energy Inc closed down -0.12 points or -0.45% at $26.56 with 21,09,713 shares getting traded on Friday. Post opening the session at $26.53, the shares hit an intraday low of $26.195 and an intraday high of $26.68 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Rice Energy Inc reported $-1.07 EPS for the quarter, missing the analyst consensus estimate by $ -1.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.06. The company had revenue of $116.00 million for the quarter, compared to analysts expectations of $180.12 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on Rice Energy Inc. Company shares were Reiterated by Barclays on Aug 8, 2016 to “Overweight”, Firm has raised the Price Target to $ 30 from a previous price target of $19 .Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $24 .
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.