Rex Energy Price Target Cut to $19.00 (REXX)
Investment analysts at Imperial Capital lowered their price target on shares of Rex Energy (NASDAQ:REXX) from $25.00 to $19.00 in a note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Imperial Capital’s price objective suggests a potential upside of 40.32% from the company’s current price.
A number of other analysts have also recently weighed in on REXX. Analysts at SunTrust reiterated a “buy” rating on shares of Rex Energy in a research note on Tuesday. They now have a $27.00 price target on the stock, down previously from $30.00. Separately, analysts at Canaccord Genuity initiated coverage on shares of Rex Energy in a research note on Wednesday, July 16th. They set a “hold” rating and a $19.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $23.70.
Rex Energy (NASDAQ:REXX) traded up 3.10% on Friday, hitting $13.96. The stock had a trading volume of 358,276 shares. Rex Energy has a one year low of $12.38 and a one year high of $25.17. The stock has a 50-day moving average of $15.66 and a 200-day moving average of $18.12. The company has a market cap of $730.7 million and a P/E ratio of 190.70.
Rex Energy (NASDAQ:REXX) last announced its earnings results on Tuesday, August 5th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.01. The company had revenue of $86.02 million for the quarter, compared to the consensus estimate of $85.85 million. During the same quarter last year, the company posted $0.14 earnings per share. Rex Energy’s revenue was up 55.4% compared to the same quarter last year. Analysts expect that Rex Energy will post $0.68 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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