Rice Energy Inc. Common Stock (NYSE:RICE):
Rice Energy Announces Closing of Vantage Energy Acquisition.
The company is down by -0.81% since yesterday’s close of $23.33.
Shares of the company are trading at $23.14 barely below the 50 day moving average which is $26.04 and which is marginally over the 200 day moving average of $22.66. The 50 day moving average was down by -11.15% and the 200 day average went up by +2.12%.
As of the latest earnings report the EPS was $-2.90 and is projected to be $0.10 for the current year with 156,584,000 shares outstanding. Next quarter’s EPS is forecasted to be $0.04 with next year’s EPS anticipated to be $0.29.
Several brokerages have released ratings on Rice Energy Inc. Common Stock of late. On October 6 analysts at began coverage of RICE with a rating of “Buy” and projecting a price target of $43.00. On September 27, 2016 the stock rating was changed to a “Not Rated” by Goldman Sachs which was a cut from the previous “Neutral” rating.
On August 30 the company was set at “Buy” according to a Seaport Global report up from the previous “Buy” rating. Equity analyst Williams Capital Group starting coverage on the stock by announcing an initial rating of “Hold”.
On July 20 Deutsche Bank held the company rating at “Hold” but raised the price target from $21.00 to $23.00. July 14 investment analysts at Barclays made no change to the stock rating of “Equalweight” but raised the price expectation to $19.00 from $14.00.