Rex Energy Corp. Stock Rating Reaffirmed by BMO Capital Markets (REXX)
Rex Energy Corp. (NASDAQ:REXX)‘s stock had its “buy” rating reaffirmed by stock analysts at BMO Capital Markets in a report issued on Monday, Stock Ratings Network reports. They currently have a $25.00 price target on the stock. BMO Capital Markets’ target price would suggest a potential upside of 12.01% from the stock’s previous close.
A number of other analysts have also recently weighed in on REXX. Analysts at RBC Capital raised their price target on shares of Rex Energy Corp. (NASDAQ:REXX) from $21.00 to $24.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, 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. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Rex Energy Corp. presently has a consensus rating of “Buy” and a consensus price target of $20.57.
Rex Energy Corp. (NASDAQ:REXX) traded up 1.04% on Monday, hitting $22.319. 383,299 shares of the company’s stock traded hands. Rex Energy Corp. has a 52-week low of $11.69 and a 52-week high of $22.99. The stock’s 50-day moving average is $21.14 and its 200-day moving average is $18.18. The company has a market cap of $1.160 billion and a P/E ratio of 240.11.
Rex Energy Corp. (NASDAQ:REXX) last released its earnings data on Tuesday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the 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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