Rex Energy Shares Gap Up After Insider Buying Activity (REXX)
Rex Energy (NASDAQ:REXX) gapped up before the market opened on Tuesday following insider buying activity, Stock Ratings Network reports. The stock had previously closed at $14.49, but opened at $14.85. Rex Energy shares last traded at $15.20, with a volume of 554,404 shares changing hands.
Specifically, Director Lance T. Shaner bought 227,650 shares of Rex Energy stock in a transaction that occurred on Thursday, August 21st. The stock was purchased at an average cost of $14.54 per share, with a total value of $3,310,031.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 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 a consensus price target of $23.50.
The stock’s 50-day moving average is $14.60 and its 200-day moving average is $17.74. The company has a market cap of $798.8 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. 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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