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Rice Energy INC (RICE) Shareholder Riverstone Holdings LLC Lowered Holding by $87.06 Million

Rice Energy INC (RICE) Shareholder Riverstone Holdings LLC Lowered Holding by $87.06 Million

October 12, 2017 - By Stephen Andrade

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.13, from 0.92 in 2017Q1. It dropped, 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. Glg Prtn Ltd Partnership reported 80,184 shares. Stevens Cap Management Limited Partnership has invested 0.36% in Rice Energy Inc (NYSE:RICE). Jennison Llc, a New York-based fund reported 440,908 shares. Eaton Vance Mgmt has 191,659 shares for 0.01% of their portfolio. 23,031 were accumulated by Emerald Advisers Inc Pa. Bamco Inc Ny owns 86,600 shares or 0.01% of their US portfolio. Castleark Mngmt Limited Liability Corporation invested 0.02% of its portfolio in Rice Energy Inc (NYSE:RICE). Carlson Cap LP has invested 1.85% of its portfolio in Rice Energy Inc (NYSE:RICE). 106,000 were accumulated by Employees Retirement Of Texas. 7,784 are held by Oppenheimer Asset Mngmt Incorporated. Stephens Ar holds 0.01% or 9,795 shares. Principal Group reported 27,636 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Rice Energy Inc (NYSE:RICE) for 5,605 shares. Howard Hughes Med Institute holds 29,935 shares. Manufacturers Life Ins The owns 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 $5.90B 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 $23.60 billion and $2.82 billion US Long portfolio, upped its stake in Usa Compression Partners Lp (NYSE:USAC) by 368,445 shares to 23.88 million shares, valued at $390.73M in 2017Q2, according to the filing.

Analysts expect Rice Energy Inc (NYSE:RICE) to report $0.13 EPS on November, 1.RICE’s profit would be $27.72 million giving it 53.21 P/E if the $0.13 EPS is correct. After having $0.10 EPS previously, Rice Energy Inc’s analysts see 30.00 % EPS growth.

More recent Rice Energy Inc (NYSE:RICE) news were published by: Businesswire.com which released: “The Law Offices of Vincent Wong Notifies Investors of an Investigation of Rice …” on October 03, 2017. Also Prnewswire.com published the news titled: “Technical Research on Oil & Gas Equities — Rice Energy, Sanchez Energy, SM …” on October 11, 2017. Reuters.com‘s news article titled: “Jana claims EQT-Rice Energy deal synergies ‘grossly exaggerated'” with publication date: September 20, 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 downgraded by Goldman Sachs to “Neutral” on Wednesday, November 11. On Thursday, August 24 the stock rating was maintained by RBC Capital Markets with “Hold”. Stifel Nicolaus maintained it with “Buy” rating and $30 target in Friday, August 5 report. Barclays Capital maintained the stock with “Equalweight” rating in Thursday, July 14 report. The rating was upgraded by Seaport Global to “Buy” on Wednesday, March 30. The company was downgraded on Monday, July 10 by Mizuho. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Hold”. Suntrust Robinson downgraded the stock to “Hold” rating in Monday, January 30 report. The stock of Rice Energy Inc (NYSE:RICE) earned “Buy” rating by Stifel Nicolaus on Thursday, December 10. The firm has “Neutral” rating by Citigroup given on Monday, July 18.

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