Rex Energy Coverage Initiated by Analysts at Canaccord Genuity (REXX)
REXX has been the subject of a number of other recent research reports. Analysts at KLR Group reiterated an “accumulate” rating on shares of Rex Energy in a research note on Wednesday, July 9th. They now have a $20.00 price target on the stock, up previously from $2.00. Separately, 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. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $24.81.
Shares of Rex Energy (NASDAQ:REXX) traded up 2.37% during mid-day trading on Wednesday, hitting $15.10. 2,229,438 shares of the company’s stock traded hands. Rex Energy has a one year low of $14.72 and a one year high of $25.17. The stock’s 50-day moving average is $17.94 and its 200-day moving average is $18.64. The company has a market cap of $789.2 million and a price-to-earnings ratio of 82.40.
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. On average, analysts predict that Rex Energy will post $0.78 earnings per share 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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