Rex Energy CEO Acquires $46,170 in Stock (REXX)
Rex Energy (NASDAQ:REXX) CEO Thomas Charles Stabley acquired 3,000 shares of Rex Energy stock on the open market in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average price of $15.39 per share, with a total value of $46,170.00. Following the transaction, the chief executive officer now directly owns 915,700 shares in the company, valued at approximately $14,092,623. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Rex Energy (NASDAQ:REXX) traded up 1.35% on Tuesday, hitting $15.05. The stock had a trading volume of 985,032 shares. Rex Energy has a 52 week low of $12.38 and a 52 week high of $25.17. The stock has a 50-day moving average of $14.60 and a 200-day moving average of $17.74. The company has a market cap of $787.8 million and a price-to-earnings ratio of 209.15.
Rex Energy (NASDAQ:REXX) last released its 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 $0.61 earnings per share for the current fiscal year.
A number of research firms have recently commented on REXX. 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. The stock currently has a consensus rating of “Buy” and an average price target 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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