Rice Energy (RICE) Earning Somewhat Positive Press Coverage, Accern Reports
News headlines about Rice Energy (NYSE:RICE) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rice Energy earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned press coverage about the oil and gas producer an impact score of 45.720090832495 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Proxy Advisory Firms Glass Lewis and Egan-Jones Join ISS in Recommending EQT Shareholders Vote “FOR” the Pending Acquisition of Rice Energy (businesswire.com)
- BRIEF-Glass Lewis and Egan-Jones recommend EQT shareholders vote “for” the pending acquisition of Rice Energy (reuters.com)
- RICE ENERGY INC. : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- EQT’s 3Q17 Production Rose despite Curtailments and Outages (finance.yahoo.com)
- Why EQT Stock Fell after Its 3Q17 Earnings (finance.yahoo.com)
Rice Energy (NYSE:RICE) opened at 28.35 on Wednesday. The company’s market capitalization is $6.06 billion. The company’s 50-day moving average is $28.13 and its 200-day moving average is $25.34. Rice Energy has a 52-week low of $18.30 and a 52-week high of $29.55.
Rice Energy (NYSE:RICE) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas producer reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The firm had revenue of $398.30 million during the quarter, compared to analysts’ expectations of $359.27 million. During the same period in the previous year, the company posted ($1.07) earnings per share. The company’s quarterly revenue was up 155.3% compared to the same quarter last year. On average, analysts expect that Rice Energy will post $0.62 earnings per share for the current fiscal year.
A number of brokerages have commented on RICE. BidaskClub upgraded shares of Rice Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. US Capital Advisors cut shares of Rice Energy from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Cowen and Company set a $30.00 price target on shares of Rice Energy and gave the company a “buy” rating in a research note on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) cut shares of Rice Energy from a “buy” rating to a “neutral” rating and cut their price target for the company from $29.00 to $26.00 in a research note on Friday, September 8th. Finally, Scotiabank reiterated a “hold” rating and issued a $27.00 price target on shares of Rice Energy in a research note on Thursday, August 3rd. Nineteen analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $27.71.
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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