Rice Energy (NYSE:RICE) target price raised to $30.00, reported today by RBC Capital
- Updated: October 2, 2016
Yesterday Rice Energy (NYSE:RICE) traded 3.90% higher at $26.11. The company’s 50-day moving average is $26.55 and its 200-day moving average is $21.00. The last stock close price is up 24.35% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 7,059,484 shares of the stock were exchanged, up from an average trading volume of 3,320,690
Rice Energy (NYSE:RICE) had its target bumped up to $30.00 by RBC Capital in an issued report issued 10/03/2016. The upped price target suggests a potential upside of 0.15% based on the company's last stock close price.
Previously on Wednesday September 28, 2016, GMP Securities reported about Rice Energy (NYSE:RICE) raised the target price from $0.00 to $34.00. At the time, this indicated a possible upside of 0.36%.
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Rice Energy has a 52 week low of $7.92 and a 52 week high of $29.36 The company’s market cap is currently $0.
In addition to RBC Capital reporting its target price, a total of 24 firms have reported on the stock. The consensus target price is $19.88 with 8 firms rating the stock a strong buy, 11 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
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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