Rex Energy Given Consensus Rating of “Buy” by Brokerages (NASDAQ:REXX)
Rex Energy (NASDAQ:REXX) has been given an average rating of “Buy” by the thirteen brokerages that are covering the stock, ARN reports. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $24.51.
Rex Energy (NASDAQ:REXX) traded down 1.95% during mid-day trading on Tuesday, hitting $18.375. 96,998 shares of the company’s stock traded hands. Rex Energy has a 52-week low of $16.66 and a 52-week high of $25.17. The stock’s 50-day moving average is $19.96 and its 200-day moving average is $19.0. The company has a market cap of $960.4 million and a P/E ratio of 104.69.
Rex Energy (NASDAQ:REXX) last released its earnings data on Tuesday, April 29th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 103.4% on a year-over-year basis. On average, analysts predict that Rex Energy will post $0.84 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on REXX shares. Analysts at KLR Group upgraded shares of Rex Energy from a “hold” rating to an “accumulate” rating in a research note on Monday. They now have a $22.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Zacks upgraded shares of Rex Energy from a “neutral” rating to an “outperform” rating in a research note on Tuesday, May 6th. They now have a $23.10 price target on the stock. Finally, analysts at TheStreet upgraded shares of Rex Energy from a “hold” rating to a “buy” rating in a research note on Thursday, May 1st.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
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