Rex Energy Corp. Now Covered by Robert W. Baird (REXX)
Analysts at Robert W. Baird assumed coverage on shares of Rex Energy Corp. (NASDAQ:REXX) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating and a $28.00 price target on the stock. Robert W. Baird’s price target indicates a potential upside of 17.65% from the stock’s previous close.
Rex Energy Corp. (NASDAQ:REXX) traded up 5.50% during mid-day trading on Wednesday, hitting $23.80. The stock had a trading volume of 1,145,600 shares. Rex Energy Corp. has a 52-week low of $11.69 and a 52-week high of $24.66. The stock’s 50-day moving average is $21.60 and its 200-day moving average is $18.76. The company has a market cap of $1.237 billion and a price-to-earnings ratio of 245.22.
Rex Energy Corp. (NASDAQ:REXX) last issued its quarterly 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 in the previous year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was up 82.8% on a year-over-year basis. On average, analysts predict that Rex Energy Corp. will post $0.63 earnings per share for the current fiscal year.
REXX has been the subject of a number of other recent research reports. Analysts at BMO Capital Markets reiterated a “buy” rating on shares of Rex Energy Corp. in a research note to investors on Monday, September 30th. They now have a $25.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Rex Energy Corp. from $21.00 to $24.00 in a research note to investors on Monday, September 30th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Rex Energy Corp. 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $21.50.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
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