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UPDATE: KLR Group Upgrades Rice Energy Inc


In a note published Monday morning, KLR Group analyst Gail Nicholson upgraded shares of Rice Energy Inc (NYSE: RICE) from Accumulate to Buy and maintained a $38 price target.

As support for the upgrade, Nicholson noted the company has increased its acreage 56 percent since its IPO and plans to add another 13,400 net acres by 2014 year-end, forecasts of ~115 percent production growth in 2014 and ~95 percent in 2015, second in class capital intensity, and superior cash flow per share growth from 2014 to 2016.

Latest Ratings for RICE

Sep 2017Goldman SachsDowngradesBuyNeutral
Aug 2017Stephens & Co.DowngradesOverweightEqual-Weight
Jul 2017JefferiesDowngradesBuyHold

View More Analyst Ratings for RICE
View the Latest Analyst Ratings


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Posted-In: Gail Nicholson KLR GroupAnalyst Color News Upgrades Price Target Analyst Ratings

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