Rex Energy Corp. Upgraded by Zacks to “Neutral” (REXX)
Rex Energy Corp. (NASDAQ:REXX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Monday, Analyst Ratings Net reports. The firm currently has a $18.60 target price on the stock. Zacks‘ target price suggests a potential upside of 2.31% from the stock’s previous close.
Shares of Rex Energy Corp. (NASDAQ:REXX) traded up 0.55% during mid-day trading on Monday, hitting $18.18. The stock had a trading volume of 257,940 shares. Rex Energy Corp. has a 52 week low of $12.84 and a 52 week high of $25.17. The stock has a 50-day moving average of $18.55 and a 200-day moving average of $20.23. The company has a market cap of $945.5 million and a price-to-earnings ratio of 108.26.
Other equities research analysts have also recently issued reports about the stock. Analysts at TheStreet downgraded shares of Rex Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Separately, analysts at Northland Capital Partners initiated coverage on shares of Rex Energy Corp. in a research note on Thursday, January 9th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, analysts at Northland Securities initiated coverage on shares of Rex Energy Corp. in a research note on Wednesday, January 8th. They set an “outperform” rating and a $25.00 price target on the stock. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $22.87.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
To view Zacks’ full report, visit www.zacks.com
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