A statement released earlier today by Mizuho Securities about Rice Energy (NYSE:RICE) bumps the target price to $43.00
- Updated: October 5, 2016
Mizuho Securities bumped up the target of Rice Energy (NYSE:RICE) to $43.00 stating a potential upside of 0.60%.
Boasting a price of $26.80, Rice Energy (NYSE:RICE) traded 0.53% higher on the day. With the last stock price close up 25.72% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Rice Energy has recorded a 50-day average of $26.67 and a two hundred day average of $21.32. Volume of trade was down over the average, with 2,908,655 shares of RICE changing hands under the typical 3,360,180
With a total market value of $0, Rice Energy has with a one year low of $7.92 and a one year high of $29.36 .
A total of 24 equity analysts have released a research note on RICE. Eight equity analysts rating the company a strong buy, eleven equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $19.88.
More About 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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