Rex Energy Receives Consensus Rating of “Buy” from Brokerages (NASDAQ:REXX)
Rex Energy (NASDAQ:REXX) has earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the company, Analyst Ratings Network.com reports. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $23.50.
In other Rex Energy news, CEO Thomas Charles Stabley bought 3,000 shares of Rex Energy stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average cost of $15.39 per share, for a total transaction of $46,170.00. The purchase was disclosed in a legal filing 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.
Rex Energy (NASDAQ:REXX) opened at 15.28 on Thursday. 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 $14.47 and a 200-day moving average of $17.66. The company has a market cap of $799.8 million and a P/E ratio of 212.96.
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 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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