Rex Energy Reaches New 1-Year Low at $16.65 (REXX)
Shares of Rex Energy (NASDAQ:REXX) hit a new 52-week low on Monday , Analyst Ratings Network reports. The company traded as low as $16.65 and last traded at $16.66, with a volume of 681,553 shares changing hands. The stock had previously closed at $17.48.
A number of research firms have recently commented on REXX. Analysts at Imperial Capital initiated coverage on shares of Rex Energy in a research note on Wednesday, June 18th. They set an “outperform” rating and a $25.00 price target on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $25.01.
The stock has a 50-day moving average of $18.56 and a 200-day moving average of $18.83. The company has a market cap of $858.7 million and a P/E ratio of 97.65.
Rex Energy (NASDAQ:REXX) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.10 earnings per share. Rex Energy’s revenue was up 103.4% compared to the same quarter last year. Analysts expect that Rex Energy will post $0.86 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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