Northland Securities Increases Rex Energy Price Target to $28.00 (REXX)
Equities research analysts at Northland Securities raised their price objective on shares of Rex Energy (NASDAQ:REXX) from $25.00 to $28.00 in a research note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has an “outperform” rating on the stock. Northland Securities’ price target would suggest a potential upside of 31.58% from the company’s current price.
REXX has been the subject of a number of other recent research reports. Analysts at KLR Group downgraded shares of Rex Energy from an “accumulate” rating to a “hold” rating in a research note on Monday, April 21st. Separately, analysts at Global Hunter Securities upgraded shares of Rex Energy from a “neutral” rating to an “accumulate” rating in a research note on Friday, February 21st. They now have a $22.00 price target on the stock, down previously from $24.00. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Rex Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, February 17th. They now have a $18.60 price target on the stock. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $23.36.
Rex Energy (NASDAQ:REXX) traded up 2.46% during mid-day trading on Wednesday, hitting $21.28. 526,751 shares of the company’s stock traded hands. Rex Energy has a 52 week low of $16.03 and a 52 week high of $25.17. The stock’s 50-day moving average is $19.15 and its 200-day moving average is $19.34. The company’s market cap is $1.107 billion.
Rex Energy (NASDAQ:REXX) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.10. The company had revenue of $96.60 million for the quarter, compared to the consensus estimate of $75.13 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 103.4% on a year-over-year basis. Analysts expect that Rex Energy will post $0.73 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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