Rice Energy Inc (RICE) : Oxford Asset Management added new position in Rice Energy Inc during the most recent quarter end. The investment management firm now holds 452,487 shares of Rice Energy Inc which is valued at $10,959,235 , the company said in a statement filed on Aug 8, 2016 with the SEC.Rice Energy Inc makes up approximately 0.43% of Oxford Asset Management’s portfolio.
Other Hedge Funds, Including , Los Angeles Capital Management Equity Research Inc reduced its stake in RICE by selling 8,020 shares or 25.24% in the most recent quarter. The Hedge Fund company now holds 23,755 shares of RICE which is valued at $575,346.First Trust Advisors Lp reduced its stake in RICE by selling 1,952,238 shares or 73.6% in the most recent quarter. The Hedge Fund company now holds 700,216 shares of RICE which is valued at $17,855,508. Rice Energy Inc makes up approx 0.05% of First Trust Advisors Lp’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in RICE in the latest quarter, The investment management firm added 1,481 additional shares and now holds a total of 24,192 shares of Rice Energy Inc which is valued at $564,157. Emerald Mutual Fund Advisers Trust added RICE to its portfolio by purchasing 338,542 company shares during the most recent quarter which is valued at $7,894,799. Rice Energy Inc makes up approx 0.42% of Emerald Mutual Fund Advisers Trust’s portfolio.
Rice Energy Inc opened for trading at $24.15 and hit $25.49 on the upside on Monday, eventually ending the session at $25.38, with a gain of 6.28% or 1.5 points. The heightened volatility saw the trading volume jump to 41,74,559 shares. Company has a market cap of $3,974 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. 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.