Rex Energy Price Target Raised to $18.00 at KLR Group (REXX)
Equities research analysts at KLR Group raised their price objective on shares of Rex Energy (NASDAQ:REXX) from $1.00 to $18.00 in a research note issued to investors on Thursday. The firm currently has an “accumulate” rating on the stock. KLR Group’s target price indicates a potential upside of 29.68% from the company’s current price.
Rex Energy (NASDAQ:REXX) traded up 1.33% during mid-day trading on Thursday, hitting $14.065. 394,366 shares of the company’s stock traded hands. Rex Energy has a 1-year low of $12.38 and a 1-year high of $25.17. The stock has a 50-day moving average of $15.23 and a 200-day moving average of $17.98. The company has a market cap of $736.2 million and a P/E ratio of 195.49.
Rex Energy (NASDAQ:REXX) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.14 earnings per share. The company’s revenue for the quarter was up 55.4% on a year-over-year basis. On average, analysts predict that Rex Energy will post $0.69 earnings per share for the current fiscal year.
A number of other firms have also recently commented on REXX. Analysts at Imperial Capital cut their price target on shares of Rex Energy from $25.00 to $19.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Rex Energy in a research note on Tuesday, August 5th. They now have a $27.00 price target on the stock, down previously from $30.00. Finally, 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $23.50.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
Receive News & Ratings for Rex Energy Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rex Energy Co and related companies with Analyst Ratings Network's FREE daily email newsletter.