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: Independent Oil & Gas
  • Sub-Industry: N/A
  • Symbol: NYSE:RICE
  • CUSIP: N/A
  • Web: www.riceenergy.com
Capitalization:
  • Market Cap: $4.22 billion
  • Outstanding Shares: 205,060,000
Average Prices:
  • 50 Day Moving Avg: $22.09
  • 200 Day Moving Avg: $21.82
  • 52 Week Range: $18.30 - $29.36
P/E:
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 24.52
  • P/E Growth: 0.58
Sales & Book Value:
  • Annual Revenue: $1.03 billion
  • Price / Sales: 4.10
  • Book Value: $14.15 per share
  • Price / Book: 1.46
Profitability:
  • EBIDTA: $300.17 million
  • Net Margins: -61.58%
  • Return on Equity: 0.75%
  • Return on Assets: 0.39%
Debt:
  • Debt-to-Equity Ratio: 0.39%
  • Current Ratio: 5.60%
  • Quick Ratio: 5.60%
Misc:
  • Average Volume: 4.00 million shs.
  • Beta: 1.8
  • Short Ratio: 3.01
 

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) posted its quarterly earnings results on Wednesday, May, 3rd. The company reported $0.12 EPS for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.10. The business had revenue of $393.81 million for the quarter, compared to the consensus estimate of $364.60 million. Rice Energy had a negative net margin of 61.58% and a positive return on equity of 0.75%. 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 Tuesday, August, 1st 2017. View Earnings Estimates for Rice Energy.

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

19 brokers have issued twelve-month price targets for Rice Energy's shares. Their predictions range from $25.00 to $43.00. On average, they expect Rice Energy's share price to reach $31.00 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)
  • 4. According to Zacks Investment Research, "Rice Energy Inc. is involved in the acquisition, exploration and development of natural gas and oil properties primarily in the Appalachian Basin. Rice Energy Inc. is headquartered in Hillpointe Drive, United States. " (11/10/2016)

Who are some of Rice Energy's key competitors?

Who owns Rice Energy stock?

Rice Energy's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Share Andrew L. (14.64%), Vanguard Group Inc. (6.24%), FMR LLC (4.45%), Riverstone Holdings LLC (3.32%), Wellington Management Group LLP (3.19%) and Massachusetts Financial Services Co. MA (3.19%). 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 sold Rice Energy stock? Who is selling Rice Energy stock?

Rice Energy's stock was sold by a variety of institutional investors in the last quarter, including Point72 Asset Management L.P., Riverstone Holdings LLC, Renaissance Technologies LLC, AQR Capital Management LLC, Principal Financial Group Inc., Steadfast Capital Management LP, TPH Asset Management LLC and Wellington Management Group LLP. View Insider Buying and Selling for Rice Energy.

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

Rice Energy's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Neuberger Berman Group LLC, Boston Partners, Bank of Montreal Can, Columbus Hill Capital Management L.P., Dimensional Fund Advisors LP, Quantitative Investment Management LLC and Cobalt Capital 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.

How much does a share of Rice Energy stock cost?

One share of Rice Energy stock can currently be purchased for approximately $20.60.

Analyst Ratings

Consensus Ratings for Rice Energy (NYSE:RICE) (?)
Ratings Breakdown: 5 Hold Ratings, 14 Buy Ratings
Consensus Rating:Buy (Score: 2.74)
Consensus Price Target: $31.00 (50.49% upside)

Analysts' Ratings History for Rice Energy (NYSE:RICE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/9/2017Stifel NicolausBoost Price TargetBuy$32.00 -> $34.00LowView Rating Details
5/8/2017National SecuritiesReiterated RatingBuy -> Buy$30.00 -> $30.00LowView Rating Details
5/4/2017Williams CapitalReiterated RatingBuy$30.00MediumView Rating Details
5/4/2017ScotiabankReiterated RatingBuy$30.00MediumView Rating Details
4/25/2017Royal Bank of CanadaSet Price TargetBuy$28.00MediumView Rating Details
4/22/2017Citigroup IncReiterated RatingNeutral$23.00 -> $25.00HighView Rating Details
3/31/2017Seaport Global SecuritiesDowngradeBuy -> Neutral$28.00 -> $26.00HighView Rating Details
3/25/2017Jefferies Group LLCSet Price TargetBuy$26.00HighView 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
12/16/2016Goldman Sachs Group IncUpgradeNeutral -> BuyN/AView Rating Details
12/9/2016Mitsubishi UFJ Financial GroupReiterated RatingOverweight$30.00N/AView Rating Details
10/13/2016Tudor PickeringDowngradeBuy -> HoldN/AView Rating Details
10/11/2016Howard WeilBoost Price TargetSector Outperform$30.00 -> $32.00N/AView Rating Details
10/5/2016MizuhoInitiated CoverageBuy$43.00N/AView Rating Details
10/3/2016KLR GroupBoost Price TargetBuy$37.00 -> $41.00N/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
4/13/2016StephensReiterated RatingBuyN/AView Rating Details
3/29/2016Iberia CapitalUpgradeOutperformN/AView Rating Details
3/16/2016JPMorgan Chase & Co.Reiterated RatingHoldN/AView Rating Details
3/7/2016BMO Capital MarketsReiterated RatingOutperform$12.00 -> $15.00N/AView Rating Details
2/23/2016Cowen and CompanyReiterated RatingOutperform$11.00 -> $14.00N/AView Rating Details
2/18/2016Drexel HamiltonInitiated CoverageBuy$18.00N/AView Rating Details
(Data available from 5/26/2015 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
8/1/2017        
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: $0.59 EPS
Next Year EPS Consensus Estimate: $0.84 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: 2.20%
Institutional Ownership Percentage: 94.27%
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:
DateHeadline
finance.yahoo.com logoRice Energy, Inc. breached its 50 day moving average in a Bearish Manner : RICE-US : May 17, 2017
finance.yahoo.com - May 17 at 7:27 PM
americanbankingnews.com logoRice Energy Inc (RICE) Receives Consensus Rating of "Buy" from Analysts
www.americanbankingnews.com - May 15 at 12:08 PM
americanbankingnews.com logoRice Energy's (RICE) Buy Rating Reiterated at Stifel Nicolaus
www.americanbankingnews.com - May 9 at 1:58 PM
americanbankingnews.com logoRice Energy Inc (RICE) Earns "Buy" Rating from National Securities
www.americanbankingnews.com - May 8 at 6:00 PM
finance.yahoo.com logoEdited Transcript of RICE earnings conference call or presentation 4-May-17 2:00pm GMT
finance.yahoo.com - May 8 at 11:47 AM
americanbankingnews.com logoRice Energy Inc (RICE) Rating Reiterated by Scotiabank
www.americanbankingnews.com - May 7 at 9:28 PM
americanbankingnews.com logoRice Energy Inc (RICE) Expected to Post Quarterly Sales of $351.39 Million
www.americanbankingnews.com - May 7 at 8:14 AM
americanbankingnews.com logo$0.17 Earnings Per Share Expected for Rice Energy Inc (RICE) This Quarter
www.americanbankingnews.com - May 5 at 12:16 PM
seekingalpha.com logoRice Energy (RICE) Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - May 5 at 12:48 AM
americanbankingnews.com logoWilliams Capital Reiterates Buy Rating for Rice Energy Inc (RICE)
www.americanbankingnews.com - May 4 at 11:54 PM
americanbankingnews.com logoRice Energy Inc (RICE) Releases Earnings Results, Misses Expectations By $0.10 EPS
www.americanbankingnews.com - May 4 at 7:34 PM
bizjournals.com logoRice Energy could sell part of unit to midstream MLP
www.bizjournals.com - May 4 at 1:28 PM
finance.yahoo.com logoRice Energy Reports First Quarter 2017 Results and Provides Three-Year E&P Economic Growth Outlook - Yahoo Finance
finance.yahoo.com - May 4 at 8:49 AM
finance.yahoo.com logoRice Energy, Inc. – Value Analysis (NYSE:RICE) : May 2, 2017
finance.yahoo.com - May 4 at 12:26 AM
finance.yahoo.com logoRice Energy reports 1Q loss - Yahoo Finance
finance.yahoo.com - May 3 at 7:25 PM
marketbeat.com logoRice Energy reports 1Q loss
marketbeat.com - May 3 at 5:27 PM
americanbankingnews.com logoRice Energy (RICE) Receiving Favorable News Coverage, Report Shows
www.americanbankingnews.com - May 3 at 1:03 AM
finance.yahoo.com logoRice Energy, Inc. breached its 50 day moving average in a Bearish Manner : RICE-US : May 1, 2017
finance.yahoo.com - May 1 at 10:15 AM
americanbankingnews.com logoRice Energy (RICE) Given Daily Media Sentiment Score of 0.30
www.americanbankingnews.com - April 29 at 10:23 PM
americanbankingnews.com logoRice Energy (RICE) Earns Daily News Impact Score of 0.27
www.americanbankingnews.com - April 26 at 12:50 PM
americanbankingnews.com logoRice Energy Inc (RICE) Given a $28.00 Price Target by Royal Bank of Canada Analysts
www.americanbankingnews.com - April 25 at 7:22 PM
finance.yahoo.com logoWhich Gas-Weighted Stocks Could Outdo Natural Gas?
finance.yahoo.com - April 25 at 6:36 PM
americanbankingnews.com logoRice Energy (RICE) Earning Favorable News Coverage, Analysis Shows
www.americanbankingnews.com - April 23 at 9:17 PM
americanbankingnews.com logoCitigroup Inc Reiterates Neutral Rating for Rice Energy Inc (RICE)
www.americanbankingnews.com - April 22 at 12:21 PM
americanbankingnews.com logoRice Energy (RICE) Given Daily Media Sentiment Rating of -0.01
www.americanbankingnews.com - April 19 at 11:19 AM
247wallst.com logoStifel Adds 4 Top Energy Stocks to Select List Portfolio
247wallst.com - April 19 at 9:33 AM
americanbankingnews.com logoRice Energy Inc (RICE) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - April 18 at 12:50 PM
zacks.com logoWhy Rice Energy (RICE) Could Be Positioned for a Surge
www.zacks.com - April 17 at 9:17 AM
americanbankingnews.com logoRice Energy (RICE) Getting Positive News Coverage, Analysis Shows
www.americanbankingnews.com - April 16 at 3:00 PM
americanbankingnews.com logo$363.81 Million in Sales Expected for Rice Energy Inc (RICE) This Quarter
www.americanbankingnews.com - April 16 at 8:42 AM
prnewswire.com logoRice Energy Announces Timing of First Quarter 2017 Conference Call - PR Newswire (press release)
www.prnewswire.com - April 15 at 8:30 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Rice Energy Inc (RICE) Will Announce Earnings of $0.23 Per Share
www.americanbankingnews.com - April 14 at 1:20 PM
finance.yahoo.com logoRice Energy Announces Timing of First Quarter 2017 Conference Call
finance.yahoo.com - April 13 at 7:22 PM
finance.yahoo.com logoRice Midstream Partners Announces Timing of First Quarter 2017 Conference Call
finance.yahoo.com - April 13 at 7:22 PM
americanbankingnews.com logoRice Energy (RICE) Receives Coverage Optimism Rating of 0.19
www.americanbankingnews.com - April 13 at 12:22 PM
nasdaq.com logoInteresting RICE Put And Call Options For May 19th
www.nasdaq.com - April 12 at 6:30 PM
finance.yahoo.com logoNatural Gas Hits 2-Month High on Small Supply Addition
finance.yahoo.com - April 10 at 7:05 PM
nasdaq.com logoPeek Under The Hood: FCG Has 30% Upside
www.nasdaq.com - April 10 at 9:27 AM
americanbankingnews.com logoRice Energy Inc (RICE) Upgraded by TheStreet to C-
www.americanbankingnews.com - April 9 at 10:50 PM
prnewswire.com logoRice Energy Appoints Dr. Kate Jackson to its Board of Directors and Announces Resignation of Scott Gieselman from ... - PR Newswire (press release)
www.prnewswire.com - April 7 at 7:53 PM
fool.com logoHere's Why Rice Energy Inc. Popped 19.7% in March
www.fool.com - April 7 at 12:17 PM
finance.yahoo.com logoRice Energy Appoints Dr. Kate Jackson to its Board of Directors and Announces Resignation of Scott Gieselman from its Board of Directors
finance.yahoo.com - April 7 at 12:17 PM
finance.yahoo.com logoRice Energy downgraded by Seaport Global Securities
finance.yahoo.com - March 31 at 7:41 PM
americanbankingnews.com logoRice Energy Inc (RICE) Cut to "Neutral" at Seaport Global Securities
www.americanbankingnews.com - March 31 at 10:34 AM
nasdaq.com logoRICE Crosses Above Key Moving Average Level
www.nasdaq.com - March 29 at 9:00 PM
americanbankingnews.com logoRice Energy Inc (RICE) PT Set at $30.00 by Scotiabank
www.americanbankingnews.com - March 28 at 9:19 PM
seekingalpha.com logoRice Energy (RICE) Presents At Scotia Howard Weil 45th Annual Energy Conference - Slideshow
seekingalpha.com - March 28 at 7:22 PM
finance.yahoo.com logoWhy Rice Energy (RICE) Could Be Positioned for a Surge?
finance.yahoo.com - March 27 at 9:26 AM
americanbankingnews.com logoRice Energy Inc (RICE) PT Set at $26.00 by Jefferies Group LLC
www.americanbankingnews.com - March 27 at 12:58 AM
americanbankingnews.com logoRice Energy Inc (RICE) Given a $31.00 Price Target by Scotiabank Analysts
www.americanbankingnews.com - March 24 at 7:35 AM

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Rice Energy (RICE) Chart for Friday, May, 26, 2017

This page was last updated on 5/26/2017 by MarketBeat.com Staff