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).

Gunmen Attack Resort in Mali's Bamako
Since the attack at the Radisson Blu, Mali has been in a state of emergency that has been extended several times. Al-Qaeda's North African arm, Al-Qaeda in the Islamic Maghreb (AQIM), said it was behind that siege .

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.

Related News:

  • 1 suspect held in mosque attack

    1 suspect held in mosque attack

    The Foreign Ministry has confirmed that there have been no reports of Malaysians involved in the Finsbury Park attack in London . An attack on a group of worshippers near a mosque by a man in a white van is being treated as terrorism , police said.

    America's Cup: Outteridge, Jensen turn tables on Lake Macquarie mate

    Everyone on board was fine — along with three crew in the water — except for a few cuts and bruises. BAR were awarded the race win as a result of the incident, which now sees them trail 3-1.
    American Reverses Plan to Cut an Inch of Legroom - in Three Rows

    American Reverses Plan to Cut an Inch of Legroom - in Three Rows

    That's compared to the standard 31 inches of pitch that American now offers on narrowbodies. American said it is also looking at switching to the 30-inch pitch on its existing 737-800.
  • Sexes of Beyoncé and Jay Z's twins revealed

    Sexes of Beyoncé and Jay Z's twins revealed

    The gender of the twins is unknown and no further details have been revealed, and Beyonce and Jay Z have not confirmed the birth. And her fans aren't too impressed with him revealing the big news to the world - and they've DEFINITELY let him know it.
    (VRX) Shares Trading up at $12.66 John Paulson Joins Valeant Board Of…

    (VRX) Shares Trading up at $12.66 John Paulson Joins Valeant Board Of…

    The firm acquired 145,422 shares of the specialty pharmaceutical company's stock, valued at approximately $1,604,000. Oklahoma-based George Kaiser Family Foundation has invested 0.13% in Valeant Pharmaceuticals Intl Inc (NYSE:VRX).
    Lawyer: Trump Tweet Was A Reaction, Not Admission To Being Investigated

    Lawyer: Trump Tweet Was A Reaction, Not Admission To Being Investigated

    He cited former House Speaker Newt Gingrich, who told the same ABC show that he has a problem with what the special counsel is doing.
  • Beyonce's Father Confirms She Gave Birth To Twins

    Beyonce's Father Confirms She Gave Birth To Twins

    Beyoncé and husband Jay Z have welcomed twins , a source confirms to PEOPLE . Beyoncé and Jay Z have welcomed their twins, according to multiple reports .

    Vegas holds all the cards with NHL expansion draft list out

    McPhee can also negotiate deals with teams to not pick certain players, although there will certainly be a price tag attached. They will begin playing next season and will be the 15th team in the Western Conference and eighth in the Pacific Division.

    Analysts See $1.15 EPS for Crown Castle International Corp. (REIT) (CCI)

    MCKENZIE ROBERT F also sold $144,716 worth of Crown Castle International Corp. (NYSE: CCI ) are 16.61% since the start of 2016. The real estate investment trust reported $1.11 EPS for the quarter, topping the consensus estimate of $1.10 by $0.01.
  • Turkish troops hold exercises in Qatar in show of support

    Last week, Riyadh , along with other Arab governments, severed ties with Qatar, citing its support of Iran as a reason. The foreign and economic ministers of Qatar are members of the royal family under the emir's absolute monarchy.

    Sainsbury's Said To Be Close To Bidding For Nisa Convenience Group

    It followed Tesco's proposed £3.7bn acquisition of Booker Group, the food distributor, among other recent moves in the sector. Meanwhile, the proposed Tesco-Booker merger is now under investigation by the Competition and Markets Authority.

    USA shoots down Syrian fighter jet over Syria

    With air strikes and special forces from the US -led coalition, they had been encircling the city since November. The U.S. has long said that it would protect what it calls moderate Syrian opposition forces.


Most liked

Gautam Gambhir slams Kashmiri separatist for lauding Pakistan
He further said, "These separatists have always been on the side of Pakistan". Pakistan on Sunday scored 338 runs, and bowled India out for a paltry 158.

Trump lashes out at Russian Federation probe revelation
Rosenstein wrote a memo in May to Trump strongly criticizing FBI Director James Comey's performance. An official of Trump's transition confirmed the lawyer's internal order, which was sent Thursday.

Pakistan 'pressure' got to India, says Kohli
But his run out following a misunderstanding with Ravindra Jadeja just typified the day India had at the Oval. It was a match where everything went awry for the "Men in Blue" from the time Kohli went out for the toss.

Total of 6 Militants Attacked Mali Tourist Resort, 2 of Gunmen Killed
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Mali's security minister later confirmed at least two deaths, including a dual French-Gabonese citizen.

Multiple explosions kill 12 in Nigerian northeast
According to sources from Kofa village, the Boko Haram fighters had killed 8 and injured 30 in multiple suicide attacks. The attack took place in Borno state, which is considered the birthplace of Boko Haram's insurgency.

Miller not happy with Thomas breaking his US Open record
For me to go out and win when it was the first time playing the course does a lot for my confidence and my career. Open on Sunday but despite his six-under-par 66 had to settle for a tie for second place at Erin Hills.

Chelsea To Hijack Man Utd Deal For Real Star?
In an interview with The Guardian in April, he said: 'Various Premier League coaches called to tell me to play for them. I spoke directly to Mauricio Pochettino and Antonio Conte , although the norm is clubs call my dad or agent.

LS Investment Advisors LLC Acquires 970 Shares of Phillips 66 (PSX)
It dived, as 59 investors sold PSX shares while 382 reduced holdings. 93 funds opened positions while 316 raised stakes. Capital Investment Advisors LLC boosted its stake in shares of Phillips 66 by 0.8% in the first quarter.

Castile protesters target city where officer worked
Prosecutor John Choi, who made the decision to charge Yanez, said although he was disappointed, the verdict "must be respected". Castile's girlfriend, Diamond Reynolds, and her 4-year-old daughter, were also in the vehicle at the time of the shooting.

Trump still tweets 'Witch Hunt' but attorney says president isn't under investigation
Sekulow cited testimony by Comey earlier this month that the president wasn't a target of an investigation. As evidence, Sekulow said that Trump has not been notified of any investigation.

In spite of tweet, lawyer says Donald Trump not under investigation
Rosenstein could eventually be questioned by Mueller about his memo on Comey and what motivated Trump to ask him to write it. The future of Deputy Attorney General Rod Rosenstein seemed in doubt Friday when Trump appeared to attack him in the tweet.

GTPL Hathway to raise Rs 480 crore from IPO
CDSL works as a depository of e-insurance accounts and handling more than 60,000 insurance policies in the electric method. CDSL paid a dividend at the rate of 25% (Rs 2.5 per share) and this was up from 22% in FY2015.

Gingrich: Can't Relax With Dem Donors on Mueller's Hiring List
Gingrich said that as president, Trump was well within his authority to fire the head of the Federal Bureau of Investigation .

Kerber pulls out of Aegon
In the second round the Ukrainian could play against Natalia Vikhlyantseva , who reached the final in 's-Hertogenbosch, while in the quarters last year's finalist Barbora Strycova .

Russia Investigation Now Includes Jared Kushner
But Rosenstein, too, may ultimately have to hand off oversight of the probe given his own role in Comey's firing. The Post report cited anonymous sources who were briefed on requests made by investigators.