In the weeks leading up to Rice Energy’s (RICE) 1Q16 earnings release, Wall Street analysts have provided target prices for the next 12 months.
Consensus rating for Rice Energy
About 73% of Wall Street analysts rate Rice Energy (RICE) a “buy,” while ~19% rate it a “hold,” and ~8% rate it a “sell.” The average broker target price of $18.93 for Rice Energy implies a return of around 11.3% in the next 12 months.
Upstream peers EQT Corporation (EQT), Antero Resources (AR), and Noble Energy (NBL) have average broker target prices of $75.72, $29.01, and $38.55, respectively. These figures imply returns of ~9.2%, 0.5%, and ~5.6%, respectively, in the next 12 months.
The high, low, and median analyst target prices for Rice Energy are $26.00, $11.00, and $18.00, respectively. Notably, Rice Energy is a component of the iShares US Oil & Gas Exploration and Production ETF (IEO). IEO invests ~0.2% of its portfolio in the company.
Analyst target prices for RICE
Tudor, Pickering, Holt & Company and Jefferies each gave Rice Energy the most optimistic target price of $22, which implies a return of around 29.4% in the next 12 months.
Scotia Howard Weil also gave RICE an optimistic target price of $18, implying a return of around 6% during the next 12 months. RBC Capital Markets and Capital One Securities each gave a lower target price of $17, while Barclays (BCS) gave a target price of $16, implying a return of 0% and -5.9%, respectively, over the next year.
One of the lowest targets came from Goldman Sachs (GS), which gave Rice Energy a target price of $11.50. This implies a return of 32% during the next year.
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