Rice Energy Inc (RICE) : University Of Notre Dame Du Lac reduced its stake in Rice Energy Inc by 26.76% during the most recent quarter end. The investment management company now holds a total of 106,738 shares of Rice Energy Inc which is valued at $2,548,903 after selling 39,006 shares in Rice Energy Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Rice Energy Inc makes up approximately 2.24% of University Of Notre Dame Du Lac’s portfolio.
Other Hedge Funds, Including , Lord Abbett boosted its stake in RICE in the latest quarter, The investment management firm added 211,181 additional shares and now holds a total of 3,867,987 shares of Rice Energy Inc which is valued at $92,367,530. Rice Energy Inc makes up approx 0.28% of Lord Abbett’s portfolio. Engineers Gate Manager Lp added RICE to its portfolio by purchasing 257,045 company shares during the most recent quarter which is valued at $6,138,235. Rice Energy Inc makes up approx 0.42% of Engineers Gate Manager Lp’s portfolio.California State Teachers Retirement System boosted its stake in RICE in the latest quarter, The investment management firm added 99,885 additional shares and now holds a total of 259,131 shares of Rice Energy Inc which is valued at $6,216,553. Rice Energy Inc makes up approx 0.01% of California State Teachers Retirement System’s portfolio.Nikko Asset Management Americas reduced its stake in RICE by selling 244,600 shares or 66.38% in the most recent quarter. The Hedge Fund company now holds 123,900 shares of RICE which is valued at $2,636,592. Rice Energy Inc makes up approx 0.24% of Nikko Asset Management Americas’s portfolio.
Rice Energy Inc closed down -0.26 points or -0.97% at $26.64 with 19,00,153 shares getting traded on Monday. Post opening the session at $26.75, the shares hit an intraday low of $26.555 and an intraday high of $27.09 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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 .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.