Johnson Rice
Johnson Rice & Company is an independent, energy-focused institutional brokerage and investment bank in New Orleans, founded in 1987. It is known for research on exploration and production, oilfield services and energy-transition companies.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 2012M
- Actions
- 3912M
- Ratings / Price targets
- 17 / 22
- Upgrades / Downgrades
- 5 / 3
- Initiations
- 1
- Buy-rated
- 80%of 15 rated
- Median upside
- +28.0%
- Targets raised / lowered
- 6 / 2
- On record
- Oct 2012 – Aug 2026
Overview
As of 2025, three senior analysts covered about 65 companies of all market capitalizations across exploration and production, oilfield services, and energy transition and infrastructure; the firm also offers corporate access through non-deal roadshows, conferences, bus trips and investor calls. Director of research Marty Malloy covers the energy-transition and infrastructure group. Its sales and trading desk describes its service as tailored to each client's investment discipline.
Doug Johnson, a former Howard Weil broker, and Tim Rice founded the firm in June 1987 as an institutional research and sales house, four months before the October 1987 crash. It added investment banking in 1991 and remains independently owned in New Orleans. Co-founder Doug Johnson died in August 2024.
Milestones
- 1987
Founded in New Orleans by Doug Johnson and Tim Rice
- 1991
Adds investment banking
- 2024
Co-founder Doug Johnson dies
Firm facts
- Legal name
- Johnson Rice & Company L.L.C.
- Type
- Boutique
- Founded
- 1987
- Headquarters
- New Orleans, United States
- Director of Research
- Marty W. Malloy
- Rating scale
- BuyAccumulateHold
- Also filed as
- Johnson RIce
- Website
- jrco.com
Research philosophy
Johnson Rice’s research team is focused on providing insightful and differentiated investment ideas.
Johnson Rice focuses on energy and related industries to provide specialized research for institutional and corporate clients. It says analysts' ongoing relationships with the companies they cover generate research ideas, and that lasting relationships support better investment decisions.
Rating methodology
Published ratings include Buy, Accumulate and Hold.
Coverage12M
Sectors
Most covered24M
| Stock | Rating | Target |
|---|---|---|
 Johnson & JohnsonJNJ | Buy | $280 |
 Kosmos Energy Ltd.KOS | Buy | $3.50 |
 Protagonist Therapeutics, Inc.PTGX | — | $165 |
 APA CorporationAPA | Accumulate | $40 |
 Big Sky Industrial Inc.BSIN | Buy | $2 |
 Core Laboratories N.V.CLB | Buy | $21 |
 ConocoPhillipsCOP | Hold | $105 |
 Diversified Energy Company PLCDEC | Buy | $23 |
 Enphase Energy, Inc.ENPH | Accumulate | $45 |
 Expand Energy CorporationEXE | Accumulate | $125 |
Most active analysts
- Charles Meade3 notesKOSMGYNOG
- Ilya Zubkov2 notesJNJ
- Gena Wang1 notesLEGN
Recent actions
| Date | Stock | Rating action | Rating | Target | Analyst |
|---|---|---|---|---|---|
| Aug 17 | MGMagnolia Oil & Gas CorporationMGY | Upgrade | Hold →Accumulate | $32 | Charles Meade |
| Aug 17 | Expand Energy CorporationEXE | Reiterate | Accumulate | $125 | |
| Aug 17 | Big Sky Industrial Inc.BSIN | Reiterate | Buy | $2 | |
| Aug 13 | Core Laboratories N.V.CLB | Upgrade | Buy | $21 | |
| Aug 3 | VNViper Energy, Inc.VNOM | Initiate | Accumulate | ||
| Aug 3 | Johnson & JohnsonJNJ | Reiterate | Buy | ||
| Jul 17 | Protagonist Therapeutics, Inc.PTGX | Target | $112 →$165 | ||
| Jul 16 | Johnson & JohnsonJNJ | Target | $261 →$280 | Ilya Zubkov |