Goldman Sachs Downgrades Rice Energy Inc to Not Rated

Brokerage firm Goldman Sachs Downgrades its rating on Rice Energy Inc(NYSE:RICE). The shares have been rated Not Rated. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Sep 27, 2016.

In a different note, On Aug 30, 2016, Seaport Global said it Upgrades its rating on Rice Energy Inc. The shares have been rated ‘Buy’ by the firm. Williams Capital Group said it Initiates Coverage on Rice Energy Inc, according to a research note issued on Aug 29, 2016. The shares have been rated ‘Hold’ by the firm. On Aug 11, 2016, Citigroup said it Maintains its rating on Rice Energy Inc. In the research note, the firm Raises the price-target to $22.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on Rice Energy Inc. In the research note, the firm Raises the price-target to $23.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 8, 2016, Barclays 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 ‘Equal-weight’ by the firm. On Aug 5, 2016, Stifel Nicolaus said it Maintains its rating on Rice Energy Inc. In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Buy’ by the firm.

Rice Energy Inc (RICE) made into the market gainers list on Fridays trading session with the shares advancing 3.90% or 0.98 points. Due to strong positive momentum, the stock ended at $26.11, which is also near the day’s high of $26.5175. The stock began the session at $25.31 and the volume stood at 70,59,484 shares. The 52-week high of the shares is $29.36 and the 52 week low is $7.92. The company has a current market capitalization of $4,088 M and it has 15,65,84,880 shares in outstanding.

Rice Energy Inc(RICE) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $156.00M. Analysts had an estimated revenue of $176.05M. Earnings per share were $-0.02. Analysts had estimated an EPS of $-0.06.

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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