Rice Energy Inc
Most Recent
Energy & UtilitiesHedge Funds’ Net Long Positions in Natural Gas near 8-Month High
Hedge funds’ net long positions in US natural gas futures and options contracts rose 50% to 164,450 on January 16–23, 2018.
Energy & UtilitiesHow Weather Influences Natural Gas Prices
If, in real estate, everything is “location, location, location,” then with natural gas investing, everything is “weather, weather, weather.”
Energy & UtilitiesHow Oil Prices Matter to Natural Gas
Between October 18 and October 25, 2017, natural gas active futures had a correlation of 27.4% with US crude oil futures.
Energy & UtilitiesThe Oil Rig Effect on Natural Gas Prices
Last week (ended October 20, 2017), the natural gas rig count fell by eight to 177.
Basic MaterialsWill Oil Rigs Cause a U-Turn in Natural Gas Prices?
Last week (ended October 13, 2017), the natural gas rig count fell by two to 185, but on a YoY (year-over-year) basis, the natural gas rig count rose 76.2%.
Earnings ReportKey Updates on the EQT-RICE Merger
Under EQT Corporation’s (EQT) existing ownership, the company owns a 90% limited partner interest and non-economic general partner interest in EQT GP Holdings (EQGP).
Energy & UtilitiesCould Oil Rig Count Stop Natural Gas Fall?
In the week ended October 6, 2017, the natural gas rig count fell by two to 187.
Energy & UtilitiesNatural Gas Drops to $2.80: Impact on Natural Gas–Weighted Stocks
On October 9, 2017, natural gas (BOIL) (FCG) November futures closed at $2.83 MMBtu (million British thermal units), which was 1% less than the previous day’s closing price.
Energy & UtilitiesHow the Oil Rig Count Affects Natural Gas Prices
In the week ended September 29, 2017, the natural gas rig count fell by one to 189. On a year-over-year basis, the natural gas rig count has risen ~97%.
Energy & UtilitiesWhere Most 2017 Energy M&A Deals Took Place
Because of the Permian’s lowest break-even costs and high IRRs (internal rates of return), producers scooped up prime acreage that could produce at a profit even as crude oil prices stayed low.
Energy & UtilitiesThese Have Been the Top 5 Energy M&A Deals So Far This Year
Merger and acquisition (or M&A) activity in the oil and gas sector has been in high gear in 2017.
Energy & UtilitiesWhat Do Short Interest Trends in Chesapeake Stock Tell Us?
On September 18, 2017, the short interest ratio in Chesapeake Energy (CHK) stock was ~22%. In January, the short interest ratio was ~12%.
Basic MaterialsUnderstanding the Natural Gas Inventory Spread: Will Prices Rise Further?
In the week ended September 1, natural gas inventories rose 65 Bcf (billion cubic feet) to 3,220 Bcf, based on the EIA data released on September 7.
Basic MaterialsAre Gas-Weighted Stocks Tracking the Fall in Natural Gas Prices?
Between September 1 and September 11, 2017, our collection of natural gas–weighted stocks fell 3.1%, while natural gas October futures fell 3.9%.
Energy & UtilitiesChart of the Week: RICE Acquisition Impacts EQT
Following the close of the Rice acquisition, EQT’s Marcellus acreage would rise from 813,000 to 1.0 million.
Company & Industry OverviewsEQT’S Forecast: Financial Implications from EQT–Rice Energy Deal
EQT believes the PV (present value) of the synergies following the completion of the deal is more than the $2.5 billion it had initially specified.
Company & Industry OverviewsThe Latest Update on the EQT–Rice Energy Deal
EQT’s (EQT) proposed acquisition of Rice Energy (RICE) is expected to add around 1.3 Bcfe (billion cubic feet equivalent) per day to EQT’s natural gas volumes.
Energy & UtilitiesInventories Spread Could Boost Natural Gas Prices
The difference between natural gas inventories and its five-year average, the inventories spread, could influence natural gas prices.
Energy & UtilitiesInventories Spread: Bullish or Bearish for Natural Gas Prices?
In the week ending August 11, 2017, natural gas inventories rose by 53 Bcf to 3,082 Bcf based on the EIA’s data released on August 17, 2017.
Energy & UtilitiesDo Gas-Weighted Stocks’ Returns Match Natural Gas’s Gains?
Between August 14 and August 21, 2017, natural gas–weighted stocks fell 1.1% compared to a 0.1% rise in the natural gas September futures during this period.
Energy & UtilitiesInventories Spread: Natural Gas Prices Could Make a U-Turn
In the week ending August 4, 2017, natural gas inventories rose by 28 Bcf to 3,038 Bcf. The EIA reported natural gas inventory data on August 10, 2017.
Energy & UtilitiesWill US Natural Gas Production and Consumption Pressure Prices?
The EIA (Energy Information Administration) estimates that monthly US dry natural gas production hit a ten-month high.
Basic MaterialsUS Natural Gas Production Hit a 10-Month High
PointLogic estimates that weekly US dry natural gas production rose 0.1% to 72.8 Bcf (billion cubic feet) per day on July 27–August 2, 2017.
Basic MaterialsNatural Gas–Weighted Stocks’ Returns and Oil Prices
Natural gas–weighted stocks from the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) collectively rose 1.9% on July 24–31, 2017.
Energy & UtilitiesInventories Spread: Natural Gas Prices Could Rise
In the week ending July 14, 2017, natural gas inventories rose by 28 Bcf to 2,973 Bcf. The market expected a rise of 39 Bcf for the week ending July 14.
Energy & UtilitiesNatural Gas Downfall: Which Stocks Could Be Affected
Natural gas (UNG)(BOIL) September futures fell 4.2% between July 17 and 24, 2017. On July 24, natural gas September futures fell 2.7%.
Energy & UtilitiesWhy Oil Rigs Could Hinder Natural Gas’s Recent Gains
In the week ended July 14, 2017, the natural gas rig count fell by two. However, in the trailing year, the natural gas rig count has more than doubled.
MiscellaneousAntero Resources: Why Its Stock Ignored Natural Gas
Antero Resources (AR) had the highest correlation of 98.4% with crude oil active futures among gas-weighted stocks in the week ending July 17, 2017.
MiscellaneousAnalyzing Short Interest Trends in Chesapeake Energy Stock
On July 7, 2017, the short interest ratio in Chesapeake Energy (CHK) stock was ~15%. In January 2017, Chesapeake Energy’s short interest ratio was ~11.6%.
Fund ManagersWill Jana Partners Succeed in Foiling EQT’s Plans?
On Monday, July 3, 2017, activist hedge fund Jana Partners revealed a 5.8% stake in EQT (EQT). The hedge fund is hoping to thwart EQT’s plans to acquire Rice Energy (RICE).
MiscellaneousUnderstanding the Short Interest Trends in Noble Energy Stock
The short interest ratio (or short interest as a percentage of float) in Noble Energy (NBL) stock on June 27, 2017, was ~3.4%.
Company & Industry OverviewsThe Financial Implications of the EQT-RICE Deal
To finance its Rice Energy (RICE) acquisition, EQT (EQT) plans to issue $5.4 billion in equity and pay $1.3 billion in cash.
MiscellaneousHow Stocks Reacted to the EQT-RICE Deal
Following the announcement of the EQT (EQT)–Rice Energy (RICE) deal, EQT’s stock was down ~10% on June 19. Rice Energy’s (RICE) stock, on the other hand, rose ~25%.
Company & Industry OverviewsEQT to Acquire Rice Energy in a $6.7 Billion Deal
On Monday, June 19, 2017, EQT (EQT) announced that it intends to acquire Rice Energy (RICE).
MiscellaneousShort Interest Trends in Cabot Oil & Gas Stock
On April 19, Cabot Oil and Gas’s short interest as a percentage of its float was ~4.5%. At the beginning of the year, its short interest ratio was 4.2%.
Company & Industry OverviewsAnalyzing Short Interest Trends in Chesapeake Energy’s Stock
Chesapeake Energy’s (CHK) short interest ratio on March 24, 2017, was ~15.02%. But its short interest ratio at the start of the year was ~11.6%.
Company & Industry OverviewsWhy RMP Has the Highest Volume Growth Potential among Its Peers
RMP’s natural gathering volume increased 71% year-over-year in 4Q16. The increase was largely driven by the partnership’s strong third-party volume growth.
Company & Industry OverviewsShort Interest Trends in Chesapeake Energy Stock
On March 17, 2017, Chesapeake Energy’s (CHK) short interest ratio was ~15%. At the beginning of the year, its short interest ratio was ~11.6%.
MiscellaneousRise in Natural Gas Isn’t Good for Gas-Weighted Stocks
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to March 20, 2017, natural gas rose 85.4% on a closing price basis.
Company & Industry OverviewsHow Short Interest in COG Stock Has Been Trending
On March 14, 2017, Cabot Oil and Gas’s (COG) short interest as a percentage of its float (or its short interest ratio) was ~3.5%.
MiscellaneousNatural Gas Rose: Key Gas-Weighted Stocks to Watch
On March 13, 2017, natural gas futures contracts for April 2017 delivery closed at $3.04 per MMBtu, which is ~1.2% above the previous closing price.
Company & Industry OverviewsWhat Are the Short Interest Trends in Chesapeake Energy’s Stock?
Chesapeake Energy’s (CHK) short interest ratio (short interest as a percentage of float) on March 10, 2017, was ~15%.
MiscellaneousNatural Gas Rebound: Pick Gas-Weighted Stocks Carefully
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3, 2016, to March 6, 2017, natural gas rose 76.8% on a closing price basis.
MiscellaneousNatural Gas Falls: Which Gas-Weighted Stocks Could Follow It?
On February 27, 2017, natural gas futures contracts for April 2017 delivery closed at $2.69 per MMBtu, which is ~3.4% below the previous closing price.
Earnings ReportCabot’s 4Q16 Earnings and Revenue Rose but Missed Estimates
Cabot Oil & Gas (COG) reported its 4Q16 earnings on February 24. Its 4Q16 revenue was ~$316.5 million compared to analysts’ estimates of $355 million.
Earnings ReportChesapeake Energy’s Implied Volatility after Its 4Q16 Earnings
Chesapeake Energy’s (CHK) current implied volatility is 56%—about 1.5% higher than its 15-day average of 55.2%.
Earnings ReportChesapeake Energy’s 4Q16 Earnings and Revenue Disappoint
Chesapeake Energy reported its 4Q16 earnings before the market opened on February 24, 2017. Its 4Q16 revenue was ~$2 billion, compared to an estimate of ~$2.6 billion.
Earnings ReportRice Energy’s 2017 Production and Capital Expenditure Guidance
Rice Energy’s 2017 production guidance is 1,320 MMcfe/d. That’s a CAGR of ~70.0% since 2014.
Earnings ReportRice Energy’s Revenue Growth and Net Profit Margin Trends
Rice Energy’s (RICE) 4Q16 revenue rose ~109.0% YoY (year-over-year).
Earnings ReportRice Energy’s 4Q16 Earnings Were Much Better Than Expected
Rice Energy’ 4Q16 EPS (earnings per share) was $0.37 compared to analysts’ consensus estimate of $0.03. Its 4Q15 EPS was $0.16.
MiscellaneousNatural Gas below $3: Which Gas-Weighted Stocks Could Disappoint
On February 17, 2017, natural gas futures (UNG) (BOIL) (FCG) contracts for March 2017 delivery closed at $2.83 per MMBtu (million British thermal units).
MiscellaneousWhy Are Gas-Weighted Stocks Losing Momentum?
On March 3, 2016, natural gas futures touched a 17-year low. From March 3, 2016, to February 6, 2017, natural gas rose 86% on a closing price basis.
Company & Industry OverviewsChesapeake Energy Stock: Analyzing Short Interest Trends
Chesapeake Energy’s (CHK) short interest ratio on January 27, 2017, was ~1.1%.
Earnings ReportAnalyzing Short Interest Trends in Noble’s Stock
On January 27, 2017, Noble Energy’s short interest as a percentage of its float, or its short interest ratio, was ~3.4%. Its short interest ratio at the end of 3Q16 was ~2.6%.
Company & Industry OverviewsChesapeake Energy Stock: Gauging Short Interest Trends
Chesapeake Energy’s (CHK) short interest ratio (short interest as a percentage of float) on January 20, 2017, was ~11.56%.
Company & Industry OverviewsWhy Did Chesapeake Energy’s Stock Fall Last Week?
In the two weeks since January 6, 2017, Chesapeake Energy (CHK) has returned about -4.6%, underperforming the energy sector.
Company & Industry OverviewsWhat Are the Short Interest Trends in COG Stock?
Cabot Oil & Gas’s (COG) short interest ratio on January 17, 2017, was ~4.2%. Its short interest ratio two months ago was ~5.2%.
Company & Industry OverviewsWhat’s the EIA Forecasting for Natural Gas Prices for 2017?
According to CHK’s December 2016 presentations, break-even prices in the Marcellus and Utica Shales are $2.00 per MMBtu and $2.15 per MMBtu, respectively.
Company & Industry OverviewsWall Street Vibes: 4Q16 Forecasts for Chesapeake Energy
Around 67% of analysts recommend Chesapeake Energy as a “hold.” The average broker target price of $7.54 implies a return of ~9% over the next 12 months.
Company & Industry OverviewsInside Chesapeake Energy’s 2016 Performance
Chesapeake has made it out of its volatile 2016 days and has given better returns than the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
Company & Industry OverviewsRecent Upgrades and Downgrades on Whiting Petroleum
Approximately 24% of analysts have rated Whiting Petroleum (WLL) a “strong buy” and ~55% have rated it as a “hold.”
Company & Industry OverviewsAnadarko Petroleum to Sell Its Marcellus Natural Gas Assets
On December 21, 2016, Anadarko Petroleum announced that it had agreed to sell a portion of its Marcellus natural gas (UGAZ) assets for ~$1.2 billion.
Company & Industry OverviewsCHK’s Stock Reaction after Its Haynesville Divestiture Announcement
Chesapeake Energy stock closed $0.02 lower on December 20, but after its announcement of a second Haynesville Shale divestiture, it rose $0.02 to $7.31.
Company & Industry OverviewsContinental Resources Gets Downgraded
Ratings for Continental Resources Approximately 71% of analysts have rated Continental Resources (CLR) a “buy” and ~26% have rated it as a “hold.” The remaining ~3% have rated it a “sell.” The average broker target price of $58.69 for CLR implies a return of around 9% over the next 12 months. CLR makes up part […]
Company & Industry OverviewsWhy the Marcellus Shale Is Both Boon and Bane for Cabot Oil & Gas
The single most important factor severely affecting producers in the Marcellus Shale has been insufficient takeaway capacity.
Company & Industry OverviewsMarcellus Shale: The Backbone of Cabot Oil & Gas’s Operations
Cabot Oil & Gas’s operations are focused in two shale plays: Marcellus and Eagle Ford. COG holds ~200,000 net acres in Marcellus and ~86,000 net acres in Eagle Ford.
Company & Industry OverviewsHow Natural Gas Prices Have Supported Chesapeake Energy
2016 has been good for natural gas prices (UGAZ). Prices have risen ~34% year-over-year.
MiscellaneousNatural Gas Rose: Are Gas-Weighted Stocks Capitalizing on It?
Between November 14 and November 21, 2016, the natural gas futures contracts for December delivery rose 7.3%.
Company & Industry OverviewsHow Has Antero Resources Stock Fared in 2016?
Antero Resources (AR) stock, though it has recovered from its 2015 lows, continues to stay volatile.
MiscellaneousNatural Gas Rises on Cool Weather: Will Gas-Weighted Stocks Gain?
On November 14, the natural gas futures contracts for November delivery closed at $2.75 per MMBtu. They were ~4.9% above their previous closing price.
Earnings ReportTrends in Cabot Oil & Gas’s Implied Volatility
Cabot Oil & Gas’s (COG) current implied volatility is ~42.4%, which is ~1.1% lower than its 15-day average of 42.9%.
MiscellaneousNatural Gas Fell: Where Are Gas-Weighted Stocks Headed?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to October 24, 2016, natural gas rose 72.6% on a closing price basis.
Earnings ReportCabot Oil & Gas: Short Interest Trends
Short interest On October 12, 2016, the short interest as a percentage of float, or the short interest ratio, of Cabot Oil & Gas’s (COG) stock was ~3%. Its short interest ratio on June 30, 2016, was 4%. This means that since the end of 2Q16, Cabot’s short interest has fallen ~27%. Cabot Oil & Gas’s […]
Earnings ReportWhy the Marcellus Play Is Crucial for EQT
EQT (EQT) increased its 2016 production guidance range to 730–740 Bcfe (Billion cubic feet equivalent) from the previous 710–730 Bcfe it predicted during its 1Q16 earnings.
MiscellaneousNatural Gas Is Up, but Gas-Weighted Stocks Diverge
From March 3 to October 17, 2016, natural gas (UNG) (BOIL) (UGAZ) (FCG) rose 97.8% on a closing price basis.
MiscellaneousGas-Weighted Stocks Are Underperforming Natural Gas
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to October 10, 2016, natural gas rose 99.7% on a closing price basis.
Macroeconomic AnalysisAnalyzing Chesapeake’s Implied Volatility after the Subpoena
Following the news of its subpoena, Chesapeake Energy’s (CHK) implied volatility rose 4.6% on September 29 to ~83.8%.
MiscellaneousNatural Gas above $3: Key Gas-Heavy Stocks to Watch
On September 26, 2016, natural gas futures contracts for November delivery closed at $3.06 per MMBtu—1.4% above its previous closing price.
Basic MaterialsNatural Gas Reversed: Why Are Energy Stocks Underperforming?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to September 19, 2016, natural gas rose 78.9% on a closing price basis.
Company & Industry OverviewsA Look at Chesapeake Energy’s Free Cash Flow Trends
In this part of the series, we’ll look at Chesapeake Energy’s (CHK) cash flow. In 2Q16, CHK reported cash flow from operations (or CFO) of ~$95 million.
Basic MaterialsHow Did a Gas-Weighted Portfolio Fare Compared to Natural Gas?
On March 3, 2016, natural gas futures touched a 17-year low of $1.64. From March 3 to August 22, 2016, natural gas rose 58.6% on a closing price basis.
Basic MaterialsWhat Moves Are Institutional Investors Making on Rice?
As of August 17, 2016, institutional investors had increased their positions in Rice Energy (RICE) since 2Q16.
Basic MaterialsAnalyzing Rice Energy’s Relative Valuation: A Premium
A peer group comparison shows that Rice’s forward EV-to-EBITDA multiple of ~15.1x is at a premium compared to its close competitors.
Company & Industry OverviewsRice Energy’s Free Cash Flow: Must-Know Trends
In this part of the series, we’ll look at Rice Energy’s (RICE) cash flows. In 2Q16, Rice reported cash flow from operations (or CFO) of ~$76 million.
Basic MaterialsWhy Has Rice Energy Stock Been on Uptrend since February 2016?
Rice Energy (RICE) stock was mostly declining in 2015. But with the recent rally in natural gas prices, the stock has been on an uptrend since February 2016.
Company & Industry OverviewsRice Energy’s Gross Production against Well Count
In a presentation released in June 2016, Rice Energy (RICE) noted that its gross production was averaging 1 Bcf (billion cubic feet) per day with only 180 wells.
Basic MaterialsWhat’s the EIA’s Outlook for Natural Gas Prices?
According to the EIA, Henry Hub natural gas spot prices averaged $2.82 per MMBtu in July, up $0.24 compared to the June average.
Company & Industry OverviewsHow Has Rice Energy Stock Performed since Its IPO?
Since natural gas prices started improving in 2016, RICE stock has really stepped on the gas, rising a massive 138% year-to-date.
Company & Industry OverviewsRice Energy’s Organizational Structure: A Brief Overview
In its organizational structure, Rice Energy, through its GP Holdings subsidiary, and the public hold 35% and 65% limited partner interest, respectively, in Rice Midstream Partners.
Company & Industry OverviewsRice Energy: Predominantly a Natural Gas Producer
Natural gas represented 99.6% of Rice Energy’s (RICE) total production in 2Q16. Its share as a percentage of RICE’s total production has mostly remained steady at almost 100%.
Basic MaterialsChesapeake Energy’s Implied Volatility after Its 2Q16 Earnings
Chesapeake Energy’s (CHK) current implied volatility is 70%—about 13% lower than its 15-day average of 80.3%.
Earnings ReportAnalyzing Chesapeake Energy’s Profit Margin and Revenue Trends
Chesapeake Energy’s (CHK) 2Q16 revenue decreased by ~43% YoY (year-over-year). Its YoY revenue growth was -26% in 2Q15 and -42.8% in 1Q16.
Earnings ReportCabot Oil and Gas’s Implied Volatility Fell Post 2Q16 Earnings
Cabot Oil and Gas’s (COG) current implied volatility is ~29.6%, ~8.3% lower than its 15-day average of 32.3%.
Energy & UtilitiesNatural Gas–Weighted Portfolio: A Look into Correlations
Natural gas–weighted stocks with high correlations to natural gas futures moved with natural gas. Stocks with low correlations weren’t impacted as much.
Basic MaterialsWhat’s the Correlation of Gas-Weighted Stocks and Natural Gas?
In this part of the series, we’ll continue looking at upstream companies that are part of the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
Energy & UtilitiesWhat Does a Portfolio of Natural Gas–Weighted Stocks Look Like?
Between July 1 and July 11, 2016, an equally weighted basket of natural gas–weighted stocks fell 3.2%. These stocks operate with a production mix of at least 60% in natural gas.
Energy & UtilitiesWhy Is XOP Underperforming Other Energy ETFs?
The fall in energy ETFs started after the fall in oil prices on July 5, 2016, and when Brexit concerns and supply-related fears resurfaced.
Energy & UtilitiesCrude Oil Downturn: Why Did XOP Fall the Most?
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) underperformed other energy ETFs from June 23–30, 2016.
MiscellaneousNatural Gas Determines Gas-Weighted Stocks’ Movement
We’ll look at upstream companies that are part of XOP. We’ll discuss upstream companies that operate with a production mix of at least 60% natural gas.
MiscellaneousHow Are Natural Gas Inventories Affecting Prices?
Natural gas (DGAZ) (UGAZ) (BOIL) (GASL) (FCG) inventories rose by 82 Bcf (billion cubic feet) in the week ending May 27, 2016, over the previous week.