Rex Energy Corp. Hits New 52-Week High at $22.26 (REXX)
Rex Energy Corp. (NASDAQ:REXX)’s share price reached a new 52-week high during trading hours on Thursday, Analyst Ratings.Net reports. The company traded as high as $22.26 and last traded at $22.00, with a volume of 283,693 shares traded. The stock had previously closed at $21.97.
A number of analysts have recently weighed in on REXX shares. Analysts at RBC Capital raised their price target on shares of Rex Energy Corp. (NASDAQ:REXX) from $19.00 to $21.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. Separately, analysts at Hilliard Lyons downgraded shares of Rex Energy Corp. (NASDAQ:REXX) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, August 7th. Finally, analysts at BMO Capital Markets raised their price target on shares of Rex Energy Corp. (NASDAQ:REXX) from $20.00 to $25.00 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock.
Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Rex Energy Corp. has an average rating of “Buy” and a consensus price target of $20.14.
Rex Energy Corp. has a one year low of $11.69 and a one year high of $22.08. The stock’s 50-day moving average is $20.76 and its 200-day moving average is $17.79. The company has a market cap of $1.145 billion and a price-to-earnings ratio of 238.80.
Rex Energy Corp. (NASDAQ:REXX) last announced its earnings results on Tuesday, August 6th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.01. The company had revenue of $55.40 million for the quarter, compared to the consensus estimate of $56.46 million. During the same quarter last year, the company posted $1.06 earnings per share. Rex Energy Corp.’s revenue was up 82.8% compared to the same quarter last year. Analysts expect that Rex Energy Corp. will post $0.63 EPS for the current fiscal year.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
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