JPMorgan Chase & Co. reduced its position in Rice Energy Inc. (NYSE:RICE) by 12.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,139 shares of the oil and gas producer’s stock after selling 31,618 shares during the period. JPMorgan Chase & Co. owned approximately 0.11% of Rice Energy worth $5,311,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of RICE. New York State Teachers Retirement System increased its position in shares of Rice Energy by 1.0% in the fourth quarter. New York State Teachers Retirement System now owns 10,500 shares of the oil and gas producer’s stock worth $224,000 after buying an additional 100 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Rice Energy by 7.8% in the first quarter. ProShare Advisors LLC now owns 14,953 shares of the oil and gas producer’s stock worth $354,000 after buying an additional 1,084 shares in the last quarter. Parkwood LLC increased its position in shares of Rice Energy by 18.0% in the first quarter. Parkwood LLC now owns 38,711 shares of the oil and gas producer’s stock worth $917,000 after buying an additional 5,893 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Rice Energy during the first quarter worth approximately $190,000. Finally, Comerica Bank increased its position in shares of Rice Energy by 106.1% in the fourth quarter. Comerica Bank now owns 16,021 shares of the oil and gas producer’s stock worth $330,000 after buying an additional 8,248 shares in the last quarter.
Shares of Rice Energy Inc. (RICE) traded down 0.62% on Friday, hitting $28.90. 8,518,475 shares of the company traded hands. The stock’s 50-day moving average price is $25.21 and its 200-day moving average price is $22.21. Rice Energy Inc. has a 12 month low of $18.30 and a 12 month high of $29.55. The company’s market capitalization is $5.93 billion.
Rice Energy (NYSE:RICE) last released its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.12 EPS for the quarter, missing the consensus estimate of $0.22 by $0.10. Rice Energy had a negative net margin of 27.73% and a positive return on equity of 2.45%. The business had revenue of $393.81 million during the quarter, compared to analysts’ expectations of $364.60 million. On average, equities analysts predict that Rice Energy Inc. will post $0.54 earnings per share for the current year.
RICE has been the topic of a number of research analyst reports. Mizuho downgraded shares of Rice Energy from a “buy” rating to a “neutral” rating and set a $27.50 target price on the stock. in a research note on Monday, July 10th. Citigroup Inc. restated a “neutral” rating and issued a $25.00 target price (up from $23.00) on shares of Rice Energy in a research note on Saturday, April 22nd. Scotiabank reiterated a “buy” rating and set a $30.00 price objective on shares of Rice Energy in a research note on Thursday, May 4th. Royal Bank Of Canada set a $28.00 price objective on shares of Rice Energy and gave the company a “buy” rating in a research note on Tuesday, April 25th. Finally, BidaskClub downgraded shares of Rice Energy from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $27.93.
About Rice Energy
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 conducts its operations through two segments: Exploration and Production, and Midstream.
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