Rice Energy INC (RICE) Market Valuation Rose While Riverstone Holdings LLC Lowered Stake by $87.06 Million

October 12, 2017 - By Ellis Scott

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.13, from 0.92 in 2017Q1. It worsened, as 62 investors sold RICE shares while 76 reduced holdings. 47 funds opened positions while 62 raised stakes. 154.41 million shares or 13.71% less from 178.94 million shares in 2017Q1 were reported. Quantum Capital Management holds 1.8% of its portfolio in Rice Energy Inc (NYSE:RICE) for 274,477 shares. Tower Cap Ltd Llc (Trc) has 225 shares. Tiger Legatus Cap Mngmt Lc has invested 10.83% in Rice Energy Inc (NYSE:RICE). Proshare Advisors Lc reported 15,173 shares. Stifel Financial Corp owns 17,950 shares for 0% of their portfolio. Bluecrest Cap Management Limited reported 226,848 shares. Winfield Associates holds 80 shares or 0% of its portfolio. Carlyle Group Inc Limited Partnership invested in 1.04M shares. Adage Prtnrs Grp Incorporated Lc holds 0.25% or 3.89M shares in its portfolio. Van Eck invested in 29,875 shares or 0% of the stock. 780,530 are owned by Sir Capital Mgmt Lp. Oppenheimer Asset invested in 0.01% or 7,784 shares. Key Gp Hldgs (Cayman) stated it has 560,400 shares. Magnetar Financial Lc reported 5.45 million shares. Manufacturers Life Ins The accumulated 0% or 7,304 shares.

Riverstone Holdings Llc decreased its stake in Rice Energy Inc. (RICE) by 49.54% based on its latest 2017Q2 regulatory filing with the SEC. Riverstone Holdings Llc sold 3.35M shares as the company’s stock rose 7.71% with the market. The hedge fund held 3.41 million shares of the oil & gas production company at the end of 2017Q2, valued at $90.83M, down from 6.76 million at the end of the previous reported quarter. Riverstone Holdings Llc who had been investing in Rice Energy Inc. for a number of months, seems to be less bullish one the $5.90 billion market cap company. The stock rose 0.73% or $0.2 reaching $27.65. About 471,070 shares traded. Rice Energy Inc (NYSE:RICE) has risen 14.59% since October 12, 2016 and is uptrending. It has underperformed by 2.11% the S&P500.

Riverstone Holdings Llc, which manages about $23.60B and $2.82B US Long portfolio, upped its stake in Usa Compression Partners Lp (NYSE:USAC) by 368,445 shares to 23.88M shares, valued at $390.73 million in 2017Q2, according to the filing.

Wall Street await Rice Energy Inc (NYSE:RICE) to release earnings on November, 1. The expected RICE’s profit could reach $27.73 million giving the stock 53.19 P/E in the case that $0.13 earnings per share is reported. After posting $0.10 EPS for the previous quarter, Rice Energy Inc’s analysts now forecast 30.00 % EPS growth.

More recent Rice Energy Inc (NYSE:RICE) news were published by: Reuters.com which released: “Jana claims EQT-Rice Energy deal synergies ‘grossly exaggerated'” on September 20, 2017. Also Businesswire.com published the news titled: “The Law Offices of Vincent Wong Notifies Investors of an Investigation of Rice …” on October 03, 2017. Prnewswire.com‘s news article titled: “Technical Research on Oil & Gas Equities — Rice Energy, Sanchez Energy, SM …” with publication date: October 11, 2017 was also an interesting one.

Rice Energy Inc (NYSE:RICE) Ratings Coverage

Among 27 analysts covering Rice Energy (NYSE:RICE), 10 have Buy rating, 0 Sell and 17 Hold. Therefore 37% are positive. Rice Energy had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Tuesday, September 12. The stock of Rice Energy Inc (NYSE:RICE) has “Neutral” rating given on Tuesday, March 15 by JP Morgan. The stock has “Buy” rating by BMO Capital Markets on Tuesday, June 20. The firm earned “Outperform” rating on Tuesday, July 21 by Cowen & Co. The rating was maintained by RBC Capital Markets on Friday, November 6 with “Outperform”. The stock of Rice Energy Inc (NYSE:RICE) earned “Equal-Weight” rating by Stephens on Thursday, August 3. Stifel Nicolaus downgraded the shares of RICE in report on Tuesday, June 20 to “Hold” rating. The company was reinitiated on Monday, November 7 by Goldman Sachs. The firm has “Hold” rating given on Tuesday, June 14 by Deutsche Bank. The stock has “Hold” rating by Williams Capital Group on Monday, July 3.

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