Bluecrest Capital Management Ltd adds Rice Energy Inc (RICE) to its portfolio

Rice Energy Inc (RICE) : Bluecrest Capital Management Ltd added new position in Rice Energy Inc during the most recent quarter end. The investment management firm now holds 377,624 shares of Rice Energy Inc which is valued at $9,017,661 , the company said in a statement filed on Aug 15, 2016 with the SEC.Rice Energy Inc makes up approximately 0.74% of Bluecrest Capital Management Ltd’s portfolio.

Other Hedge Funds, Including , Scoria Capital Partners Lp added RICE to its portfolio by purchasing 167,100 company shares during the most recent quarter which is valued at $3,990,348. Rice Energy Inc makes up approx 2.68% of Scoria Capital Partners Lp’s portfolio. Caxton Associates Lp sold out all of its stake in RICE during the most recent quarter. The investment firm sold 75,000 shares of RICE which is valued $1,791,000. Key Colony Management sold out all of its stake in RICE during the most recent quarter. The investment firm sold 20,000 shares of RICE which is valued $477,600.Tfs Capital reduced its stake in RICE by selling 75,462 shares or 79.34% in the most recent quarter. The Hedge Fund company now holds 19,648 shares of RICE which is valued at $469,194. Rice Energy Inc makes up approx 0.08% of Tfs Capital’s portfolio.

Rice Energy Inc opened for trading at $26.16 and hit $26.64 on the upside on Thursday, eventually ending the session at $26.6, with a gain of 1.14% or 0.3 points. The heightened volatility saw the trading volume jump to 18,79,668 shares. Company has a market cap of $4,165 M.

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. Rice Energy Inc was Downgraded by Seaport Global Securities to ” Neutral” on Aug 30, 2016. Williams Capital Group Initiated Rice Energy Inc on Aug 29, 2016 to “Hold”, Price Target of the shares are set at $29.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 .

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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