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A statement released earlier today by GMP Securities about Rice Energy (NYSE:RICE) raises the target price to $34.00

Just yesterday Rice Energy (NYSE:RICE) traded 3.90% higher at $25.00. The company’s 50-day moving average is $26.55 and its two hundred day average is $21.00. The last stock price close is up 24.35% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Trading volume was up over the average, with 7,059,484 shares of RICE changing hands over the typical 3,320,690

GMP Securities upped the price target of Rice Energy (NYSE:RICE) to $34.00 reporting a possible upside of 0.36%.

Performance Chart

Rice Energy (NYSE:RICE)

Rice Energy has a with a one year low of $7.92 and a one year high of $29.36 RICE’s total market value is presently $0.

Also covering Rice Energy's target, a total of 24 equity analysts have released a ratings update on Rice Energy. The 12-month price target is $19.88 with 8 brokers rating the stock a strong buy, 11 brokers rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and lastly zero equity analysts rating the stock a sell.

Brief Synopsis On Rice Energy (NYSE:RICE)

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. The Exploration and Production segment is engaged in the acquisition, exploration and development of natural gas, oil and NGLs. The 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. It holds approximately 92,000 net acres in the southwestern core of the Marcellus Shale, primarily in Washington and Greene Counties, Pennsylvania, and approximately 56,000 net acres in the southeastern core of the Utica Shale, primarily in Belmont County, Ohio.

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