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The Word on the Street: What Analysts Are Saying about Rice Energy ahead of 1Q16 Results

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Analysts recommendations

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.

The Word on the Street: What Analysts Are Saying about Rice Energy ahead of 1Q16 Results

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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.

For related analysis, keep checking in with Market Realist’s Energy and Power page.

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