Rice Energy (RICE) Beats on Revenue, Misses on EPS

Rice Energy Inc. (RICE) reported fourth quarter non-GAAP EPS of $0.03 in the pre-market session Thursday, compared to the consensus estimate of $0.04. Revenues increased 364.0% from last year to $129.4 million. Analysts expected revenues of $124.02 million. Adjusted EBITDAX for the quarter was $87 million.

For full-year 2014, the gas and oil company reported adjusted net loss of $34 million, or ($0.26) per share. Adjusted EBITDAX was $247 million.

On valuation measures, Rice Energy Inc. shares, which currently have an average 3-month trading volume of 1.67 million shares, trade at a trailing-12 P/E of 20.09, a forward P/E of 78.09 and a P/E to growth ratio of 2.09. The median Wall Street price target on the name is $29.00 with a high target of $36.00. Currently ticker boasts 13 ‘Buy’ endorsements, compared to 5 ’Holds’ and 1 ‘Sell’.

Profitability-wise, RICE has a t-12 profit and operating margin of 34.47% and (6.78%), respectively. The $2.45 billion market cap company reported $229 million in cash in its most recent quarter.

RICE currently prints a one year loss of 26.15% and a year-to-date loss of around 14.35%.

Rice Energy Inc. is an independent natural gas and oil company engaged in the exploration and development of natural gas and oil properties in the Appalachian Basin. The firm was founded in 2008 and is headquartered in Canonsburg, Pennsylvania.

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