EQT buys Rice Energy to create shale gas drilling giant

Reuters

Reuters

Lord Abbett And Ltd Liability Co stated it has 0.24% in Rice Energy Inc (NYSE:RICE). The legal version of this piece can be accessed at https://sportsperspectives.com/2017/06/18/hrt-financial-llc-purchases-new-position-in-rice-energy-inc-rice-updated-updated.html. Public Employees Retirement Association Of Colorado owns 25,320 shares for 0% of their portfolio. Institutional investors own 94.27% of the company's stock.

Inverse Head-and-shoulders are some of the best chart patterns to trade. Visit MarketWatch.com for more information on this news. (NYSE:RICE) traded down 0.15% during trading on Friday, reaching $19.69. Under terms of the deal, EQT will pay 0.37 of its shares and $5.30 in cash for each Rice stock outstanding. Despite the high pullback rate, these trading patterns are usually good places to trade based on their risk-reward profile.

About 548,520 shares traded. Rice Energy Inc (NYSE:RICE) has risen 14.59% since June 19, 2016 and is uptrending. It has underperformed by 2.11% the S&P500.

Analysts await Rice Energy Inc (NYSE:RICE) to report earnings on August, 2. Moreover, Thompson Siegel And Walmsley has 0.21% invested in Rice Energy Inc (NYSE:RICE). RICE's profit will be $27.19 million for 37.06 P/E if the $0.17 EPS becomes a reality.

EQT says Rice's acreage footprint is largely contiguous to its existing acreage, which would provide substantial synergies and make the deal significantly accretive in the first year. Therefore 73% are positive. The company's 50-day moving average is $20.86 and its 200 day moving average is $21.40.

Rice Energy Inc. has a 52-week low of $18.30 and a 52-week high of $29.36. Rice Energy presently has a consensus rating of "Buy" and an average price target of $30.24. Stifel Nicolaus started coverage on Rice Energy in a research report on Thursday, March 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have issued a buy rating to the company's stock. The company was upgraded on Friday, December 16 by Goldman Sachs.

TRADEMARK VIOLATION NOTICE: This report was reported by Stock Observer and is owned by of Stock Observer. The firm has "Neutral" rating given on Thursday, August 11 by Citigroup. Deutsche Bank AG decreased their target price on Rice Energy from $33.00 to $30.00 and set a "buy" rating on the stock in a research note on Tuesday, March 7th. Post-Gazette.com's article titled: "EQT to acquire Rice Energy for $6.7 Billion" and published on June 19, 2017 is yet another important article.

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