Rex Energy Director Buys $3,310,031 in Stock (REXX)
Rex Energy (NASDAQ:REXX) Director Lance T. Shaner purchased 227,650 shares of Rex Energy stock in a transaction that occurred on Thursday, August 21st. The shares were purchased at an average cost of $14.54 per share, for a total transaction of $3,310,031.00. Following the completion of the acquisition, the director now directly owns 2,981,559 shares of the company’s stock, valued at approximately $43,351,868. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Rex Energy (NASDAQ:REXX) traded up 2.77% during mid-day trading on Monday, hitting $14.85. 530,643 shares of the company’s stock traded hands. Rex Energy has a 52 week low of $12.38 and a 52 week high of $25.17. The stock’s 50-day moving average is $14.59 and its 200-day moving average is $17.7. The company has a market cap of $777.3 million and a P/E ratio of 203.52.
Rex Energy (NASDAQ:REXX) last issued its quarterly earnings data 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 $0.61 EPS for the current fiscal year.
A number of analysts have recently weighed in on REXX shares. 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 research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $23.50.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
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