Rex Energy Corp. Coverage Initiated at Northland Securities (REXX)
Equities research analysts at Northland Securities began coverage on shares of Rex Energy Corp. (NASDAQ:REXX) in a research note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Shares of Rex Energy Corp. (NASDAQ:REXX) traded down 1.03% during mid-day trading on Wednesday, hitting $18.19. 755,498 shares of the company’s stock traded hands. Rex Energy Corp. has a 1-year low of $12.45 and a 1-year high of $25.17. The stock has a 50-day moving average of $19.46 and a 200-day moving average of $20.25. The company has a market cap of $946.0 million and a price-to-earnings ratio of 110.06.
Rex Energy Corp. (NASDAQ:REXX) last announced its earnings results on Tuesday, November 5th. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.16 by $0.04. The company had revenue of $63.00 million for the quarter, compared to the consensus estimate of $64.50 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 62.0% on a year-over-year basis. On average, analysts predict that Rex Energy Corp. will post $0.51 earnings per share for the current fiscal year.
A number of other firms have also recently commented on REXX. Analysts at Global Hunter Securities reiterated a “hold” rating on shares of Rex Energy Corp. in a research note to investors on Wednesday, November 13th. They now have a $24.00 price target on the stock. Separately, analysts at Imperial Capital cut their price target on shares of Rex Energy Corp. from $21.00 to $20.00 in a research note to investors on Wednesday, November 13th. They now have an “in-line” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Rex Energy Corp. from $25.00 to $28.00 in a research note to investors on Wednesday, October 30th. They now have a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Rex Energy Corp. presently has an average rating of “Buy” and an average price target of $22.88.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
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