uploads///ANR

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

By

Dec. 4 2020, Updated 10:53 a.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.

Article continues below advertisement

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.

Advertisement

More From Market Realist

    • CONNECT with Market Realist
    • Link to Facebook
    • Link to Twitter
    • Link to Instagram
    • Link to Email Subscribe
    Market Realist Logo
    Do Not Sell My Personal Information

    © Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.