Banco BTG Pactual S.A. purchased a new position in Rice Energy Inc. (NYSE:RICE) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 284,000 shares of the oil and gas producer’s stock, valued at approximately $7,563,000. Rice Energy accounts for 2.6% of Banco BTG Pactual S.A.’s portfolio, making the stock its 9th biggest holding. Banco BTG Pactual S.A. owned about 0.13% of Rice Energy at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Rice Energy by 43.9% during the 1st quarter. UBS Asset Management Americas Inc. now owns 80,995 shares of the oil and gas producer’s stock valued at $1,920,000 after buying an additional 24,710 shares during the last quarter. Karp Capital Management Corp purchased a new position in shares of Rice Energy during the 1st quarter valued at approximately $421,000. Stifel Financial Corp boosted its stake in shares of Rice Energy by 0.5% during the 1st quarter. Stifel Financial Corp now owns 65,282 shares of the oil and gas producer’s stock valued at $1,541,000 after buying an additional 296 shares during the last quarter. AXA purchased a new position in shares of Rice Energy during the 1st quarter valued at approximately $313,000. Finally, Teachers Advisors LLC boosted its stake in shares of Rice Energy by 6.9% during the 1st quarter. Teachers Advisors LLC now owns 223,673 shares of the oil and gas producer’s stock valued at $5,301,000 after buying an additional 14,436 shares during the last quarter. Hedge funds and other institutional investors own 96.08% of the company’s stock.
Shares of Rice Energy Inc. (NYSE RICE) traded up 0.07% during midday trading on Tuesday, reaching $27.39. The company’s stock had a trading volume of 1,818,019 shares. Rice Energy Inc. has a 52-week low of $18.30 and a 52-week high of $29.55. The company’s market capitalization is $5.86 billion. The stock has a 50 day moving average price of $27.85 and a 200-day moving average price of $24.82.
Rice Energy (NYSE:RICE) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.01). Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The firm had revenue of $398.30 million for the quarter, compared to analyst estimates of $359.27 million. During the same period in the previous year, the business posted ($1.07) EPS. Rice Energy’s revenue for the quarter was up 155.3% compared to the same quarter last year. Equities research analysts expect that Rice Energy Inc. will post $0.71 EPS for the current year.
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RICE has been the subject of several research analyst reports. BidaskClub upgraded Rice Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. Jefferies Group LLC cut Rice Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BMO Capital Markets set a $30.00 target price on Rice Energy and gave the company a “buy” rating in a research note on Tuesday, August 8th. Stephens cut Rice Energy from an “overweight” rating to an “equal weight” rating and set a $30.00 target price for the company. in a research note on Thursday, August 3rd. Finally, Mitsubishi UFJ Financial Group cut Rice Energy from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $31.00 to $27.00 in a research note on Tuesday, June 20th. Twenty equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $27.93.
Rice Energy Profile
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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