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What Do Analysts Recommend for RICE after Its 1Q16 Results?

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Dec. 4 2020, Updated 3:53 p.m. ET

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.

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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.

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