Rex Energy Given Average Recommendation of “Buy” by Brokerages (NASDAQ:REXX)
Shares of Rex Energy (NASDAQ:REXX) have been given a consensus rating of “Buy” by the eleven analysts that are presently covering the company, StockRatingsNetwork reports. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $23.50.
Shares of Rex Energy (NASDAQ:REXX) opened at 15.17 on Thursday. 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 $14.53 and a 200-day moving average of $17.70. The company has a market cap of $794.1 million and a price-to-earnings ratio of 213.66.
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 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. On average, analysts predict that Rex Energy will post $0.61 earnings per share 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.
In other Rex Energy news, CEO Thomas Charles Stabley purchased 3,000 shares of Rex Energy stock on the open market in a transaction dated Tuesday, August 26th. The shares were purchased at an average cost of $15.39 per share, for a total transaction of $46,170.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
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