Rice Energy Company Profile (NYSE:RICE)

About Rice Energy (NYSE:RICE)

Rice Energy logoRice 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.

Industry, Sector and Symbol:
  • Sector: Oils/Energy
  • Industry: Oil & Gas Exploration and Production
  • Sub-Industry: N/A
  • Symbol: NYSE:RICE
  • CUSIP: N/A
  • Web: www.riceenergy.com
Capitalization:
  • Market Cap: $6.35318 billion
  • Outstanding Shares: 213,797,000
Average Prices:
  • 50 Day Moving Avg: $28.06
  • 200 Day Moving Avg: $25.10
  • 52 Week Range: $18.30 - $29.55
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 27.84
  • P/E Growth: 0.63
Sales & Book Value:
  • Annual Revenue: $1.28 billion
  • Price / Sales: 4.70
  • Book Value: $14.77 per share
  • Price / Book: 1.90
Profitability:
  • EBITDA: $800.57 million
  • Net Margins: -3.00%
  • Return on Equity: 3.27%
  • Return on Assets: 2.03%
Debt:
  • Debt-to-Equity Ratio: 0.32%
  • Current Ratio: 1.08%
  • Quick Ratio: 1.08%
Misc:
  • Average Volume: 4.44 million shs.
  • Beta: 1.59
  • Short Ratio: 0.55
 

Frequently Asked Questions for Rice Energy (NYSE:RICE)

What is Rice Energy's stock symbol?

Rice Energy trades on the New York Stock Exchange (NYSE) under the ticker symbol "RICE."

How were Rice Energy's earnings last quarter?

Rice Energy Inc. (NYSE:RICE) released its earnings results on Wednesday, August, 2nd. The company reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.11 by $0.01. The business had revenue of $398.30 million for the quarter, compared to analyst estimates of $359.27 million. Rice Energy had a positive return on equity of 3.27% and a negative net margin of 3.00%. The business's revenue for the quarter was up 155.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.07) EPS. View Rice Energy's Earnings History.

When will Rice Energy make its next earnings announcement?

Rice Energy is scheduled to release their next quarterly earnings announcement on Thursday, November, 2nd 2017. View Earnings Estimates for Rice Energy.

Where is Rice Energy's stock going? Where will Rice Energy's stock price be in 2017?

23 brokers have issued 12-month price targets for Rice Energy's shares. Their forecasts range from $25.00 to $30.00. On average, they anticipate Rice Energy's stock price to reach $27.71 in the next year. View Analyst Ratings for Rice Energy.

What are analysts saying about Rice Energy stock?

Here are some recent quotes from research analysts about Rice Energy stock:

  • 1. National Securities analysts commented, "What Happened:
    • Rice grew production again in 1Q17, at 1272.6 Mmcfe per day, up 11% from the prior quarter, and 2% better than our projection of 1251.9 Mmcfe/d. We note that this also represents the 2nd consecutive quarter of growth, and an 89% increase year over year.
    • Specific to price, Rice earned post hedge realized prices of $3 per Mcfe on the quarter, in line with our estimate of $3.01 and 9% higher on a sequential basis. Absent hedges, Rice would have received $3.11 per Mcf on the quarter. We note however that Rice’s post hedge price, fell in line with company guidance.
    • In what we consider a rare move, Rice provided investors with a 3 year outlook on production as well as projected spending. Specifically, the company indicated targeted annual growth of 27%-33% in Appalachia, with a drilling and completion spend that tops out at $1.4 billion in 2019 (versus $1.3 billion projected for 2017).
    Our Take:
    • The 3 year outlook provided by Rice is far longer than we expected, though we have grown accustomed to Rice providing fairly detailed guidance (specifically as it relates to its hedge book and pricing). In all candor, we have yet to be surprised by the information that Rice has presented to the investment community.
    • We read the extended outlook as a signal of Rice’s confidence in its development plan, as it continues to expand its footprint in Appalachia. We note that Rice has indicated approximately 1,100 drilling locations across its Marcellus and Utica acreage with return rates projected to exceed 80%. Moreover, as it relates to drilling activity, we note a continued increase in lateral lengths which we expect will continue to improve the performance of its Appalachian wells.
    • Outside of internal operations, we think Rice could be poised for an increase in year-end proved reserves based on natural gas price escalation alone. Investors should note that per Rice’s 2016 reserve report (performed by Netherland Sewell and covering 93.5% if Rice’s reserve base), an average Henry Hub spot price of $2.48 per Mcf was used to calculate the value of company reserves. Additionally, a price of $2.43 was used to evaluate the value of its remaining 6.5% of reserves. We view this as extremely conservative, particularly when considering average trailing 12 month prices of $2.96 for natural gas, along with a year to date Henry Hub average of $3.03.
    • We reiterate our BUY rating and maintain our $30 target (Exhibit 5). We continue to view Rice as undervalued at current levels, and expect both an expansion of production, and a resultant increase in cash flow and EBITDA. As such, we would encourage investors to acquire shares at current levels. Additionally, our model deducts $5.15 for net debt, while adding $0.07 to reflect a working capital surplus.
    " (5/8/2017)
  • 2. Williams Capital analysts commented, "We es�mate this drop down valua�on at ~$200.0 million. RICE’s posi�on in the Barnet Shale (~37,000 net acres) may also become a source of funds." (5/4/2017)
  • 3. Seaport Global Securities analysts commented, "We expect a fairly large 'data dump' from RICE this quarter as management will likely provide significantly more detail on its FY17 outlook as well as updated type curve assumptions. Regarding its FY17 outlook, we expect RICE to reiterate the preliminary outlook it laid out last quarter (FY17 production of 1,280 MMcfepd-1,355 MMcfepd on D&C spend of $950MM-$1,125MM), along with the number of wells by area, expected lateral lengths and D&C capex assumptions. On that front, we expect management to outline Marcellus and Utica well costs that are well below its current type curve economics of $1,150/ft. and $1,450/ft. in, but above its 2016 expected costs of $800/ft. and $1,250/ft., respectively. And given the operational efficiencies achieved to date, and since RICE has locked in 60%-70% of its service costs in 2017, we believe management will update its current type curve cost assumptions, reflecting significantly improved returns. We also expect management to express confidence that it can successfully execute on ~20K net acres of infill leasing opportunities in Greene County (potentially during 2017 and 2018). We are updating our estimates post our conversation with management. Additionally, we are upgrading our rating to Buy (from Neutral) given RICE's compelling NAV upside and strong multiple compression (FY17 projected EV/EBITDA of 8.3x moves to 5.7x in FY20)." (2/6/2017)

Are investors shorting Rice Energy?

Rice Energy saw a increase in short interest during the month of September. As of September 29th, there was short interest totalling 10,157,858 shares, an increase of 33.6% from the September 15th total of 7,602,502 shares. Based on an average daily trading volume, of 4,417,637 shares, the days-to-cover ratio is currently 2.3 days. Currently, 5.1% of the company's shares are short sold.

Who are some of Rice Energy's key competitors?

Who are Rice Energy's key executives?

Rice Energy's management team includes the folowing people:

  • Robert F. Vagt, Chairman, Independent Director
  • Toby Z. Rice, President, Chief Operating Officer, Director
  • Daniel J. Rice IV, Chief Executive Officer, Director
  • Grayson T. Lisenby, Chief Financial Officer, Senior Vice President
  • Derek A. Rice, Executive Vice President - Exploration
  • James Wilmot Rogers, Senior Vice President, Chief Accounting & Administrative Officer, Treasurer
  • William E. Jordan, Senior Vice President, General Counsel, Secretary
  • Robert R. Wingo, Senior Vice President - Midstream and Marketing
  • Daniel J. Rice III,, Director
  • James W. Christmas, Independent Director

Who owns Rice Energy stock?

Rice Energy's stock is owned by a number of of institutional and retail investors. Top institutional investors include Meeder Asset Management Inc. (0.01%). Company insiders that own Rice Energy stock include Daniel Rice, James Wilmot Rogers, Ngp Rice Holdings Llc and Toby Z Rice. View Institutional Ownership Trends for Rice Energy.

Who bought Rice Energy stock? Who is buying Rice Energy stock?

Rice Energy's stock was bought by a variety of institutional investors in the last quarter, including Meeder Asset Management Inc.. View Insider Buying and Selling for Rice Energy.

How do I buy Rice Energy stock?

Shares of Rice Energy can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Rice Energy's stock price today?

One share of Rice Energy stock can currently be purchased for approximately $28.12.


MarketBeat Community Rating for Rice Energy (NYSE RICE)
Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  384 (Vote Outperform)
Underperform Votes:  320 (Vote Underperform)
Total Votes:  704
MarketBeat's community ratings are surveys of what our community members think about Rice Energy and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Rice Energy (NYSE:RICE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 18 Hold Ratings, 5 Buy Ratings
Consensus Rating:Hold (Score: 2.22)
Consensus Price Target: $27.71 (1.46% downside)
Consensus Price Target History for Rice Energy (NYSE:RICE)
Price Target History for Rice Energy (NYSE:RICE)
Analysts' Ratings History for Rice Energy (NYSE:RICE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/18/2017Cowen and CompanySet Price TargetBuy$30.00N/AView Rating Details
10/10/2017BMO Capital MarketsSet Price TargetBuy$30.00N/AView Rating Details
10/5/2017Jefferies Group LLCSet Price TargetHold$26.00N/AView Rating Details
10/4/2017ScotiabankReiterated RatingHold$27.00N/AView Rating Details
9/29/2017Royal Bank Of CanadaReiterated RatingHold$27.00LowView Rating Details
9/14/2017Stifel NicolausReiterated RatingHold$27.00LowView Rating Details
9/8/2017Goldman Sachs Group IncDowngradeBuy -> Neutral$29.00 -> $26.00MediumView Rating Details
9/1/2017US Capital AdvisorsDowngradeBuy -> HoldLowView Rating Details
8/3/2017StephensDowngradeOverweight -> Equal Weight$30.00LowView Rating Details
7/10/2017MizuhoDowngradeBuy -> Neutral$27.50LowView Rating Details
7/3/2017William BlairDowngradeBuy -> Neutral$27.00LowView Rating Details
7/3/2017Williams CapitalDowngradeBuy -> Hold$27.00HighView Rating Details
6/29/2017Wolfe ResearchDowngradeOutperform -> Market Perform$24.00 -> $27.00LowView Rating Details
6/27/2017KLR GroupDowngradeBuy -> Hold$40.00 -> $27.00LowView Rating Details
6/26/2017Howard WeilDowngradeSector Outperform -> Sector PerformLowView Rating Details
6/21/2017Seaport Global SecuritiesDowngradeBuy -> NeutralMediumView Rating Details
6/20/2017Mitsubishi UFJ Financial GroupDowngradeOverweight -> Neutral$31.00 -> $27.00MediumView Rating Details
6/20/2017Capital One Financial CorporationDowngradeOverweight -> Equal WeightMediumView Rating Details
5/8/2017National SecuritiesReiterated RatingBuy -> Buy$30.00 -> $30.00LowView Rating Details
4/22/2017Citigroup Inc.Reiterated RatingNeutral$23.00 -> $25.00HighView Rating Details
3/7/2017Deutsche Bank AGLower Price TargetBuy$33.00 -> $30.00N/AView Rating Details
3/1/2017Barclays PLCReiterated RatingBuyN/AView Rating Details
1/30/2017SunTrust Banks, Inc.DowngradeBuy -> HoldN/AView Rating Details
10/13/2016Tudor PickeringDowngradeBuy -> HoldN/AView Rating Details
9/28/2016Johnson RiceReiterated RatingHoldN/AView Rating Details
9/28/2016GMP SecuritiesInitiated CoverageBuy$34.00N/AView Rating Details
5/18/2016Sterne Agee CRTReiterated RatingBuy$26.00N/AView Rating Details
5/9/2016Topeka Capital MarketsBoost Price TargetBuy$20.00 -> $24.00N/AView Rating Details
3/29/2016Iberia CapitalUpgradeOutperformN/AView Rating Details
3/16/2016J P Morgan Chase & CoReiterated RatingHoldN/AView Rating Details
2/18/2016Drexel HamiltonInitiated CoverageBuy$18.00N/AView Rating Details
(Data available from 10/21/2015 forward)

Earnings

Earnings History for Rice Energy (NYSE:RICE)
Earnings by Quarter for Rice Energy (NYSE:RICE)
Earnings History by Quarter for Rice Energy (NYSE RICE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/2/2017$0.12N/AView Earnings Details
8/2/2017Q2 2017$0.11$0.10$359.27 million$398.30 millionViewListenView Earnings Details
5/3/2017Q1 2017$0.22$0.12$364.60 million$393.81 millionViewListenView Earnings Details
11/2/2016Q316$0.02$0.41$216.58 million$198.90 millionViewN/AView Earnings Details
8/3/2016Q216($0.06)($1.07)$180.12 million$116.00 millionViewN/AView Earnings Details
5/4/2016Q116($0.09)($0.15)$169.08 million$139.90 millionViewN/AView Earnings Details
2/24/2016Q415$0.01($2.06)$158.38 million$136.10 millionViewListenView Earnings Details
11/5/2015Q315$0.01$0.03$153.36 million$143.60 millionViewN/AView Earnings Details
8/6/2015Q215($0.04)$0.03$127.42 million$112.90 millionViewN/AView Earnings Details
5/7/2015Q115$0.02($0.02)$133.15 million$109.00 millionViewN/AView Earnings Details
3/12/2015Q414$0.04$0.03$124.02 million$129.40 millionViewN/AView Earnings Details
11/12/2014Q314($0.04)($0.11)$82.30 million$79.13 millionViewN/AView Earnings Details
8/11/2014Q214$0.06$0.03$90.02 million$91.94 millionViewN/AView Earnings Details
5/13/2014Q114$0.13$0.99$76.63 million$90.47 millionViewN/AView Earnings Details
3/13/2014Q413$0.08($0.07)$71.53 million$55.61 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Rice Energy (NYSE:RICE)
Current Year EPS Consensus Estimate: $0.65 EPS
Next Year EPS Consensus Estimate: $1.01 EPS

Dividends

Dividend History for Rice Energy (NYSE:RICE)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for Rice Energy (NYSE:RICE)
Insider Ownership Percentage: 1.73%
Institutional Ownership Percentage: 96.08%
Insider Trades by Quarter for Rice Energy (NYSE:RICE)
Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)
Insider Trades by Quarter for Rice Energy (NYSE:RICE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/29/2016James Wilmot RogersInsiderSell114,523$25.50$2,920,336.50View SEC Filing  
11/28/2016James Wilmot RogersInsiderSell85,544$25.66$2,195,059.04View SEC Filing  
4/15/2016Ngp Rice Holdings LlcDirectorSell9,858,891$15.60$153,798,699.60View SEC Filing  
12/21/2015Daniel RiceDirectorSell5,000,000$7.75$38,750,000.00View SEC Filing  
11/30/2015Toby Z RiceCOOBuy7,500$13.30$99,750.00View SEC Filing  
5/15/2015Ngp Rice Holdings LlcDirectorSell6,000,000$23.99$143,940,000.00View SEC Filing  
3/17/2015John MccartneyDirectorBuy2,000$19.28$38,560.00View SEC Filing  
3/16/2015Steven C DixonDirectorBuy10,000$17.92$179,200.00View SEC Filing  
8/19/2014Alpha Natural Resources, Inc.DirectorSell3,114,825$26.28$81,857,601.00View SEC Filing  
1/29/2014James W ChristmasDirectorBuy175,000$21.00$3,675,000.00View SEC Filing  
1/24/2014Scott GieselmanDirectorBuy40,000$21.00$840,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Rice Energy (NYSE:RICE)
Latest Headlines for Rice Energy (NYSE:RICE)
Source:
Loading headlines, please wait.

Social

Chart

Rice Energy (RICE) Chart for Saturday, October, 21, 2017

This page was last updated on 10/21/2017 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.