Analysts’ recommendations for Rice Energy
Following Rice Energy’s (RICE) 1Q16 earnings, Wall Street analysts updated their target prices for the company for the next 12 months.
Consensus rating for Rice Energy
About 73% of Wall Street analysts rate Rice Energy (RICE) as a “buy,” while ~19% rate it as a “hold,” and ~8% rate it as a “sell.” The average broker target price of $19.24 for Rice Energy implies a return of around 8% in the next 12 months.
Upstream peers EQT Corporation (EQT), Antero Resources (AR), and Cabot Oil & Gas (COG) have average broker target prices of $78.47, $31.55, and $25.48, respectively. These figures imply returns of ~13%, ~22%, and 5.3%, respectively, in the next 12 months.
Analysts’ high, low, and median target prices for RICE are $26, $11, and $19, respectively.
Rice Energy is a component of the iShares US Oil & Gas Exploration & Production ETF (IEO). IEO invests ~0.2% of its portfolio in the company.
Analysts’ target prices for RICE
Iberia Capital Partners gave RICE one of the most optimistic target prices of $25, implying a return of around 40% in the next 12 months.
Jefferies also gave RICE an optimistic target price of $22, implying returns of around 23% in the next 12 months.
RBC Capital Markets, Scotia Howard Weil, and Capital One Securities gave RICE target prices of $18 each, implying returns of around ~0.7% in the next 12 months.