Rex Energy Director Buys $28,420 in Stock (REXX)
Rex Energy (NASDAQ:REXX) Director Todd N. Tipton acquired 2,000 shares of the company’s stock on the open market in a transaction dated Wednesday, August 20th. The shares were purchased at an average price of $14.21 per share, with a total value of $28,420.00. Following the purchase, the director now directly owns 9,318 shares in the company, valued at approximately $132,409. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at KLR Group raised their price target on shares of Rex Energy to $18.00 in a research note on Thursday, August 14th. They now have an “accumulate” rating on the stock. Separately, 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. Finally, 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Rex Energy has a consensus rating of “Buy” and an average price target of $23.50.
Shares of Rex Energy (NASDAQ:REXX) traded up 4.25% on Thursday, hitting $14.72. The stock had a trading volume of 1,047,747 shares. 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 $14.75 and a 200-day moving average of $17.82. The company has a market cap of $770.5 million and a price-to-earnings ratio of 198.87.
Rex Energy (NASDAQ:REXX) last released its earnings data on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 55.4% on a year-over-year basis. Analysts expect that Rex Energy will post $0.61 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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