EQT buys Rice Energy to create shale gas drilling giant

Paloma Mngmt has 0.01% invested in Rice Energy Inc (NYSE:RICE) for 34,978 shares. (NYSE:RICE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). Lazard Asset Management LLC bought a new position in Rice Energy during the third quarter worth $591,000. Covey Capital Advsrs Ltd Limited Liability Company invested in 479,361 shares or 5.89% of the stock.

EQT Corporation (NYSE:EQT) will acquire Rice Energy Inc (NYSE:RICE) for a total of $6.7 billion in a blockbuster US natural gas shale deal.

Rice Energy Inc. has a 52-week low of $18.30 and a 52-week high of $29.36. (RICE) traded down 0.15% during mid-day trading on Friday, hitting $19.69.

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About 548,520 shares traded. The company's 50-day moving average is $20.86 and its 200 day moving average is $21.40. 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. Lord Abbett And Ltd Liability Co stated it has 0.24% in Rice Energy Inc (NYSE:RICE). They expect $0.17 earnings per share, up 342.86 % or $0.24 from last year's $-0.07 per share. The company had revenue of $393.81 million during the quarter, compared to analysts' expectations of $364.60 million. After having $0.12 EPS previously, Rice Energy Inc's analysts see 41.67 % EPS growth.

TRADEMARK VIOLATION NOTICE: This report was reported by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. The legal version of this report can be viewed at https://www.thestockobserver.com/2017/06/17/engineers-gate-manager-lp-acquires-shares-of-9086-rice-energy-inc-rice-updated-updated.html. Scotia Capital maintained the shares of RICE in report on Friday, May 5 with "Buy" rating. Equity analyst Deutsche Bank upgraded the stock and raised the price target on November 21 boosting the price target from $23.00 to $33.00 and moving the rating from "Hold" to "Buy". Stifel Nicolaus started coverage on Rice Energy in a research report on Thursday, March 23rd. The 12-month consensus price target on the shares is $77.95.

Goldman Sachs began coverage of RICE with a rating of "Neutral" and establishing a price target of $27.00.

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Among 22 analysts covering Rice Energy (NYSE:RICE), 16 have Buy rating, 0 Sell and 6 Hold. Finally, Scotiabank set a $30.00 price target on Rice Energy and gave the company a "buy" rating in a research note on Monday, March 27th.

The deal comes at a time when US energy firms are pumping in money to develop facilities in gas-rich states like Pennsylvania, West Virginia and OH as the country prepares to become the world's top natural gas exporter.

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