Market Overview

UPDATE: KLR Group Upgrades Rice Energy Inc

Share:

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

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

View More Analyst Ratings for RICE
View the Latest Analyst Ratings

 

Related Articles (RICE)

View Comments and Join the Discussion!

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

Latest Ratings

StockFirmActionPT
HYMCBMO CapitalInitiates Coverage On
DEMorgan StanleyMaintains335.0
SBNYRaymond JamesMaintains138.0
CORTHC Wainwright & Co.Maintains32.0
CYBBFCitigroupDowngrades
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com