EQT buys Rice Energy to create shale gas drilling giant

Oxford Asset Management's holdings in Rice Energy were worth $824,000 as of its most recent filing with the SEC. Covey Capital Advsrs Ltd Limited Liability Company invested in 479,361 shares or 5.89% of the stock. Russell Investments Group Ltd. purchased a new position in shares of Rice Energy during the fourth quarter valued at about $586,000. It turned negative, as 41 investors sold Rice Energy Inc shares while 60 reduced holdings. New York State Teachers Retirement System now owns 10,500 shares of the oil and gas producer's stock worth $224,000 after buying an additional 100 shares in the last quarter. Highbridge Capital Management LLC increased its position in Rice Energy by 547.6% in the third quarter. SG Americas Securities LLC now owns 8,797 shares of the oil and gas producer's stock worth $230,000 after buying an additional 38,797 shares in the last quarter. Finally, Barings LLC bought a new stake in shares of Rice Energy during the fourth quarter worth about $278,000. EQT shares tumbled 6.4% ahead of the open. Rice Energy has $43 highest and $9.50 lowest target. The company had a trading volume of 3,161,741 shares.

It is now trading at $25.31 marginally under the 50 day moving average which is $20.86 and just below the 200 day moving average of $21.40. Raymond James And Associates has invested 0% in Rice Energy Inc (NYSE:RICE).

Rice Energy (NYSE:RICE) last issued its quarterly earnings results on Wednesday, May 3rd. The oil and gas producer reported $0.12 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.22 by $0.10.

Stephens Ar has invested 0.01% in Rice Energy Inc (NYSE:RICE).

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Rice Energy (NYSE:RICE) +30.9% premarket after EQT Corp. RBC Capital Markets maintained the stock with "Outperform" rating in Monday, October 3 report. If you are reading this piece on another domain, it was illegally copied and reposted in violation of USA and worldwide copyright and trademark laws. Raiff Prns holds 0.03% of its portfolio in Rice Energy Inc (NYSE:RICE) for 500 shares.

A number of brokerages have recently issued reports on RICE. As per Friday, March 24, the company rating was initiated by Stifel Nicolaus. Based on Friday's closing prices, that values Rice shares at about $27.04 each, a 37% premium. On November 21 the stock rating was upgraded from "Hold" to "Buy" with a current price target of $33.00 by analysts at Deutsche Bank. As per Thursday, August 11, the company rating was maintained by Citigroup. On August 30 the stock rating was upgraded to "Buy" from "Buy" in a report from Seaport Global.

In energy stocks news, Rice Energy ( RICE ) soared 28% after the company said it agreed to be bought by EQT ( EQT ) for approximately $6.7 billion, consisting of 0.37 shares of EQT common stock and $5.30 in cash for each Rice stock. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin.

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