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Stock analysts at Imperial Capital began coverage on shares of Rex Energy (NASDAQ:REXX) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.

Rex Energy (NASDAQ:REXX) traded up 0.87% during mid-day trading on Wednesday, hitting $18.56. The stock had a trading volume of 875,249 shares. Rex Energy has a 52 week low of $16.74 and a 52 week high of $25.17. The stock has a 50-day moving average of $19.57 and a 200-day moving average of $19.00. The company has a market cap of $970.0 million and a P/E ratio of 102.79.

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 $0.86 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at KLR Group upgraded shares of Rex Energy from a “hold” rating to an “accumulate” rating in a research note on Monday, June 9th. 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. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Rex Energy currently has an average rating of “Buy” and a consensus price target of $25.01.

Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.

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