Rice Energy Inc. (RICE) Insider James Wilmot Rogers Sells 85,544 Shares
Rice Energy Inc. (NYSE:RICE) insider James Wilmot Rogers sold 85,544 shares of the firm’s stock in a transaction on Monday, November 28th. The stock was sold at an average price of $25.66, for a total value of $2,195,059.04. Following the sale, the insider now owns 89,781 shares in the company, valued at approximately $2,303,780.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
James Wilmot Rogers also recently made the following trade(s):
- On Tuesday, November 29th, James Wilmot Rogers sold 114,523 shares of Rice Energy stock. The stock was sold at an average price of $25.50, for a total value of $2,920,336.50.
Shares of Rice Energy Inc. (NYSE:RICE) traded down 1.93% during trading on Wednesday, reaching $24.35. The company’s stock had a trading volume of 6,372,600 shares. The company’s 50-day moving average price is $24.01 and its 200 day moving average price is $23.74. Rice Energy Inc. has a 1-year low of $7.92 and a 1-year high of $29.36. The stock’s market capitalization is $4.93 billion.
Rice Energy (NYSE:RICE) last released its earnings results on Wednesday, November 2nd. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.39. The firm earned $198.90 million during the quarter, compared to analyst estimates of $216.58 million. Rice Energy had a negative net margin of 61.58% and a positive return on equity of 0.75%. The business’s revenue was up 38.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 EPS. Analysts anticipate that Rice Energy Inc. will post $0.08 EPS for the current year.
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Several brokerages recently weighed in on RICE. National Securities reaffirmed a “buy” rating on shares of Rice Energy in a research report on Monday, November 7th. TheStreet raised Rice Energy from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $31.00 target price on shares of Rice Energy in a research report on Tuesday, September 27th. Goldman Sachs Group Inc. lowered Rice Energy from a “neutral” rating to a “not rated” rating in a research report on Tuesday, September 27th. Finally, KLR Group increased their target price on Rice Energy from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Monday, October 3rd. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.79.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RICE. Vanguard Group Inc. raised its position in Rice Energy by 37.3% in the second quarter. Vanguard Group Inc. now owns 8,087,836 shares of the company’s stock worth $178,256,000 after buying an additional 2,195,887 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Rice Energy by 71.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 6,378,800 shares of the company’s stock worth $166,550,000 after buying an additional 2,667,168 shares in the last quarter. Harvest Fund Advisors LLC purchased a new position in Rice Energy during the second quarter worth $117,712,000. Boston Partners raised its position in Rice Energy by 6.1% in the third quarter. Boston Partners now owns 5,209,254 shares of the company’s stock worth $136,014,000 after buying an additional 301,188 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Rice Energy by 58.9% in the second quarter. Dimensional Fund Advisors LP now owns 4,592,963 shares of the company’s stock worth $101,232,000 after buying an additional 1,702,757 shares in the last quarter. 91.36% of the stock is owned by hedge funds and other institutional investors.
About Rice Energy
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.
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