EQT to buy Rice Energy in $6.7B cash and stock deal

Stifel Nicolaus began coverage on shares of Rice Energy in a research report on Thursday, March 23rd. Magnetar Fincl Llc stated it has 1.00 million shares or 0.29% of all its holdings.

Rice Energy (NYSE RICE) traded down 0.15% during midday trading on Friday, hitting $19.69. It is negative, as 41 investors sold Rice Energy Inc shares while 60 reduced holdings. Cornerstone Cap Mngmt Co accumulated 379,701 shares or 0.06% of the stock. Ubs Oconnor Limited Company holds 256,310 shares. Tph Asset Mngmt Limited Liability Company has 938,825 shares for 2.02% of their portfolio. 500,000 are held by Passport Capital Llc. Kcg Hldgs Incorporated owns 15,410 shares. Chicago Equity Prtnrs holds 0.13% or 236,195 shares. Sprott invested in 0.27% or 150,000 shares. Cipher Capital Ltd Partnership, a New York-based fund reported 79,961 shares. Vanguard Group Inc. now owns 12,702,462 shares of the oil and gas producer's stock valued at $301,048,000 after buying an additional 397,428 shares during the period. The news of this change was revealed in a report today. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Therefore 68% are positive.

RICE has a 1-year high price of $ 29.36 and 1-year low price of $18.30. Barclays PLC restated a "buy" rating on shares of Rice Energy in a research note on Wednesday, March 1st.

Currently, EPS of Rice Energy Inc. The stock of Rice Energy Inc (NYSE:RICE) has "Buy" rating given on Monday, February 6 by Seaport Global Securities. The firm has "Hold" rating given on Monday, January 30 by SunTrust. The firm earned "Neutral" rating on Friday, August 14 by Citigroup. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock.

Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR)'s shares on Monday traded in the range of 8.06 - 8.23 and ended up on $8.12. It has underperformed by 2.11% the S&P500. New York State Teachers Retirement System raised its position in Rice Energy by 1.0% in the fourth quarter. This translates into $43.51M profit for RICE giving the stock a 36.03 P/E. This is assuming the current $0.17 EPS is accurate.

Rice Energy Inc. (Rice Energy), launched on October 1, 2013, is an independent natural gas and oil company. That business just sold for $6.7 billion.

Natural gas might be a cleaner fuel and its long-term outlook indeed looks upbeat; but, the acquisition will squeeze XYZ's liquidity and stretch its balance sheet to the extent that can hurt if it faces a downturn in natural gas prices in the near future. It now has negative earnings. That is because EQT's footprint overlaps with Rice's in southwestern Pennsylvania and the two companies have similar midstream operations, which focus on transporting natural gas through the Appalachian region, according to Mizuho.