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Seaport Global Securities downgraded Rice Energy Inc (NYSE:RICE) to Neutral in a report released today.

Seaport Global Securities has downgraded Rice Energy Inc (NYSE:RICE) to Neutral in a report released on Wednesday June 21, 2017.

Previously on 06/20/2017, BMO Capital Markets reported on Rice Energy Inc (NYSE:RICE) increased the target price from $0.00 to $28.00. At the time, this indicated a possible upside of 0.15%.

Just yesterday Rice Energy Inc (NYSE:RICE) traded -0.14% lower at $24.13. Rice Energy Inc’s 50-day moving average is $27.33 and its 200-day moving average is $23.82. The last closing price is up 20.35% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 5,929,470 shares of RICE traded hands, down from an average trading volume of 6,944,170

Recent Performance Chart

Rice Energy Inc (NYSE:RICE)

Rice Energy Inc has 52 week low of $18.30 and a 52 week high of $29.55 and has a market capitalization of $0.

In addition to Seaport Global Securities reporting its stock price target, a total of 24 brokers have issued a research note on the company. The average stock price target is $19.88 with 8 brokers rating the stock a strong buy, 11 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Rice Energy Inc (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 Exploration and Production segment operates in the cores of the Marcellus and Utica Shales. The Company controls approximately 231,000 net acres in the Marcellus and Ohio Utica Shale cores. It operates approximately 1,164 drilling locations. 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.

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