Why Rice Energy (RICE) Stock Is Gaining Today

Tickers in this article: RICE

NEW YORK (TheStreet) -- Rice Energy shares are climbing, up 3.6% to $29.90, on Tuesday following the release of the company's first quarter earnings results.

The company reported revenue of $90.46 million, well ahead of analysts consensus estimate of $76.6 million.

Must Read: Warren Buffett's 10 Favorite Growth Stocks 

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


The independent oil and gas company reported net income of $124.1 million, or 99 cents per diluted share, also ahead of analysts 13 cents per share estimates.

The large gap in analysts expectations can partially be attributed to the company going public in January, raising $924 million from its IPO.

RICE Chart

RICE data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.