NEW YORK (TheStreet) -- Rice Energy (RICE) - Get Report said late Monday that it would purchase oil and natural gas company Vantage Energy for about $2.7 billion, including debt.

In connection with the deal, Rice Midstream Partners (RMP) will buy the acquired midstream assets from Rice for $600 million, according to a company statement.

The transaction is expected to close in the fourth quarter and is subject to customary closing conditions.

Rice will acquire about 85,000 net core Marcellus acres in Greene County, PA, with rights to the deeper Utica Shale on roughly 52,000 net acres and 37,000 net acres in the Barnett Shale formation.

Rice is a Canonsburg, PA-based natural gas and oil company.

The company's stock closed higher on Monday.

Separately, TheStreet Ratings Team has a "Sell" rating with a score of D on Rice stock.

The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow and feeble growth in its earnings per share.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: RICE

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