S&P Places Rice Energy (RICE) on CreditWatch Positive

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Rice Energy (RICE) Ratings Placed on Review for Upgrade at Moody's

September 27, 2016 4:47 PM EDT

Moody's Investors Service, ("Moody's") placed the ratings of Rice Energy, Inc. under review for upgrade, including the B2 Corporate Family Rating (CFR), the B2-PD Probability of Default Rating (PDR), and the B3 senior unsecured notes rating following Rice's announced agreement to purchase Vantage Energy Inc. (Vantage, unrated) and its midstream gas gathering business, Vista Gathering LLC (Vista, unrated). Rice's SGL-2 Speculative Grade Liquidity Rating remains unchanged.

"With the acquisition of Vantage and Vista, Rice will nearly double its Marcellus acreage position and significantly increase its natural gas gathering capacity in the basin," said Vice President Senior Analyst,... More

Rice Energy (RICE): Consolidating Marcellus With Vantage Acquisition - Jefferies

September 27, 2016 7:16 AM EDT

Jefferies analyst, Jonathan Wolff, reiterated his Buy rating on shares of Rice Energy (NYSE: RICE) after the company announced the acquisition of Vantage Energy for total consideration of $2.7 B. RICE will acquire Vantages upstream assets for $2.1 B, while RICE's midstream subsidiary (RMP) will acquire associated... More

Rice Energy (RICE) Prices 40M Common Stock Offering at $25.50/Share

September 27, 2016 5:55 AM EDT

Rice Energy Inc. (NYSE: RICE) announced the pricing of an underwritten public offering of 40,000,000 shares of its common stock at a price to the public of $25.50 per share of common stock. In connection with the offering, Rice Energy granted the underwriters a 30-day option to purchase up to an additional 6,000,000... More