Rice Energy (RICE)

[puravida]

December 23, 2015 Basic Materials No comments
Rice Energy Receives a Hold from Deutsche Bank
By George Macdonald

Deutsche Bank analyst Mimi Kong maintained a Hold rating on Rice Energy (NYSE: RICE) yesterday. The company’s shares closed yesterday at $9.16, close to its 52-week low of $8.01.

Rice Energy has an analyst consensus of Moderate Buy.

The company has a one year high of $25.33 and a one year low of $8.01. Currently, Rice Energy has an average volume of 2.4M.

Unlike Deutsche Bank`s latest rating, based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RICE in relation to earlier this year. Last month, Toby Rice, a the President & COO of RICE bought 7,500 shares for a total of $99,750.

Rice Energy Inc is an independent natural gas and oil company engaged in the acquisition, exploration and development of natural gas and oil properties in the Appalachian Basin. Its segments include Exploration and Production & Midstream