Engineers Gate Manager LP Invests $398,000 in Rice Energy Inc (RICE) Stock

Engineers Gate Manager LP bought a new stake in Rice Energy Inc (NYSE:RICE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,763 shares of the oil and gas producer’s stock, valued at approximately $398,000.

A number of other hedge funds have also recently added to or reduced their stakes in RICE. CNH Partners LLC acquired a new position in shares of Rice Energy during the second quarter valued at about $140,605,000. Alpine Associates Management Inc. acquired a new position in shares of Rice Energy during the second quarter valued at about $108,512,000. Omni Partners LLP raised its holdings in shares of Rice Energy by 514.3% during the third quarter. Omni Partners LLP now owns 2,876,151 shares of the oil and gas producer’s stock valued at $83,236,000 after purchasing an additional 2,407,981 shares during the period. Pentwater Capital Management LP acquired a new position in shares of Rice Energy during the second quarter valued at about $49,798,000. Finally, PointState Capital LP raised its holdings in shares of Rice Energy by 16.4% during the second quarter. PointState Capital LP now owns 8,521,214 shares of the oil and gas producer’s stock valued at $226,920,000 after purchasing an additional 1,203,454 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

RICE has been the topic of several research reports. Mizuho reiterated a “hold” rating and set a $27.50 price objective on shares of Rice Energy in a report on Friday, October 27th. Cowen reiterated a “buy” rating and set a $30.00 price objective on shares of Rice Energy in a report on Tuesday, September 12th. Goldman Sachs Group lowered shares of Rice Energy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $29.00 to $26.00 in a report on Friday, September 8th. Royal Bank of Canada set a $27.00 target price on shares of Rice Energy and gave the stock a “hold” rating in a research report on Thursday, August 24th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $27.00 target price on shares of Rice Energy in a research report on Thursday, September 14th. Nineteen investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Rice Energy has a consensus rating of “Hold” and an average target price of $27.71.

Shares of Rice Energy Inc (RICE) remained flat at $$29.32 during mid-day trading on Friday. The company has a market cap of $6,690.00, a P/E ratio of 45.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. Rice Energy Inc has a 12 month low of $18.30 and a 12 month high of $29.72.

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Rice Energy Profile

Rice Energy Inc (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company conducts its operations through two segments: Exploration and Production, and Midstream.

Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)

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