Tudor Pickering downgraded Rice Energy (NYSE:RICE) from Buy to Hold in a report released today.
- Updated: October 13, 2016
Tudor Pickering has downgraded Rice Energy (NYSE:RICE) from Buy to Hold in a report released on 10/13/2016.
Previously on 10/11/2016, Scotia Howard Weil reported about Rice Energy (NYSE:RICE) raised the target price from $30.00 to $32.00. At the time, this indicated a possible upside of 0.17%.
Yesterday Rice Energy (NYSE:RICE) traded -2.70% lower at $27.82. The company’s 50-day moving average is $26.82 and its 200-day moving average is $21.83. The last stock close price is up 24.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 845,781 shares of the stock were exchanged, down from an average trading volume of 3,463,140
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Rice Energy has a 52 week low of $7.92 and a 52 week high of $29.36 RICE’s total market value is presently $0.
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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