Analyst Ratings for Rice Energy Inc. (RICE)Updated: 2017-07-26
Shares of Rice Energy Inc. (NYSE:RICE) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, RICE was issued an average rating of Overweight.
8 analysts declared RICE a buy, 0 issued an overweight rating, 15 gave a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 12. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for RICE. The most optimistic price target was 38, implying potential capital gains of 36.79 percent. The most pessimistic analyst gave a price target of 24, which equates to a potential downside of -13.61 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 9.55 percent. That number becomes -30.15 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 4.65 percent. If we look at the last 90 days instead, we find a net average change of -28.21 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 2 analysts increased their quarterly estimates, which can be compared to the 3 analysts that decreased their estimates. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 2 analysts made negative revisions to their fiscal year's estimates.
In the last 52-weeks, RICE has achieved a high of 29.36 and a low of 18.30. The current market price is above the trailing year's low by 51.8 percent, and below the high by 5.38 percent. RICE has a price/earnings ratio of 0. Investors typically compare the P/E ratio to a company's peers in the industry. The RICE value stock report compares RICE to some of its peers using value stock charts. The stock has a market capitalization of $5.7 billion. RICE will post this quarters earnings in days, on 0000-00-00.