Parametric Portfolio Associates LLC lessened its position in shares of Rice Energy Inc. (NYSE:RICE) by 6.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,465 shares of the oil and gas producer’s stock after selling 7,476 shares during the period. Parametric Portfolio Associates LLC owned approximately 0.05% of Rice Energy worth $2,942,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. ProShare Advisors LLC lifted its holdings in shares of Rice Energy by 1.5% during the 2nd quarter. ProShare Advisors LLC now owns 15,173 shares of the oil and gas producer’s stock worth $404,000 after acquiring an additional 220 shares during the period. Comerica Bank lifted its holdings in shares of Rice Energy by 1.8% during the 2nd quarter. Comerica Bank now owns 16,279 shares of the oil and gas producer’s stock worth $444,000 after acquiring an additional 288 shares during the period. Public Employees Retirement Association of Colorado lifted its holdings in shares of Rice Energy by 1.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 25,669 shares of the oil and gas producer’s stock worth $684,000 after acquiring an additional 411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Rice Energy by 9.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock valued at $149,000 after purchasing an additional 494 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in Rice Energy by 3.4% in the 1st quarter. Amalgamated Bank now owns 22,146 shares of the oil and gas producer’s stock valued at $525,000 after purchasing an additional 719 shares during the last quarter. 87.22% of the stock is owned by institutional investors.
Shares of Rice Energy Inc. (NYSE:RICE) opened at $28.45 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 44.17 and a beta of 1.57.
Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Rice Energy had a positive return on equity of 5.41% and a negative net margin of 7.79%. The business had revenue of $398.30 million for the quarter, compared to analyst estimates of $359.27 million. During the same period in the prior year, the firm posted ($1.07) EPS. Rice Energy’s revenue was up 155.3% on a year-over-year basis. equities research analysts expect that Rice Energy Inc. will post 0.66 EPS for the current fiscal year.
Several equities analysts recently commented on the stock. BidaskClub raised shares of Rice Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. US Capital Advisors downgraded shares of Rice Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cowen and Company set a $30.00 price objective on shares of Rice Energy and gave the company a “buy” rating in a research note on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) downgraded shares of Rice Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $29.00 to $26.00 in a research note on Friday, September 8th. Finally, Scotiabank reissued a “hold” rating and issued a $27.00 price objective on shares of Rice Energy in a research note on Thursday, August 3rd. Nineteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $27.71.
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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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