Rex Energy Corporation (REXX) Receives Average Rating of “Hold” from Analysts
Shares of Rex Energy Corporation (NASDAQ:REXX) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $5.90.
Several analysts have issued reports on REXX shares. ValuEngine downgraded Rex Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Northland Securities set a $4.00 price target on Rex Energy Corporation and gave the company a “hold” rating in a research note on Monday, July 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $4.00 price target on shares of Rex Energy Corporation in a research note on Thursday, July 20th. Finally, Zacks Investment Research raised Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research note on Friday, August 18th.
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Several hedge funds and other institutional investors have recently made changes to their positions in REXX. Bank of America Corp DE grew its holdings in shares of Rex Energy Corporation by 30,715.1% in the 1st quarter. Bank of America Corp DE now owns 336,193 shares of the oil and gas exploration company’s stock valued at $158,000 after acquiring an additional 335,102 shares in the last quarter. Primecap Management Co. CA grew its holdings in shares of Rex Energy Corporation by 4.6% in the 1st quarter. Primecap Management Co. CA now owns 3,425,000 shares of the oil and gas exploration company’s stock valued at $1,608,000 after acquiring an additional 150,000 shares in the last quarter. Spark Investment Management LLC bought a new position in shares of Rex Energy Corporation in the 2nd quarter valued at about $194,000. Finally, KBC Group NV grew its holdings in shares of Rex Energy Corporation by 19.0% in the 1st quarter. KBC Group NV now owns 417,214 shares of the oil and gas exploration company’s stock valued at $196,000 after acquiring an additional 66,559 shares in the last quarter. Institutional investors own 16.84% of the company’s stock.
Rex Energy Corporation (NASDAQ REXX) opened at 2.20 on Friday. The firm has a 50-day moving average price of $2.47 and a 200-day moving average price of $1.94. Rex Energy Corporation has a 52 week low of $0.23 and a 52 week high of $4.71. The stock’s market cap is $21.27 million.
Rex Energy Corporation (NASDAQ:REXX) last released its quarterly earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.02) by $0.04. Rex Energy Corporation had a negative return on equity of 140.84% and a negative net margin of 37.94%. The firm had revenue of $47.50 million for the quarter, compared to the consensus estimate of $48.49 million. During the same quarter last year, the business posted ($0.07) EPS. The company’s revenue for the quarter was up 51.8% on a year-over-year basis. On average, equities research analysts predict that Rex Energy Corporation will post ($3.69) EPS for the current year.
Rex Energy Corporation Company Profile
Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities.
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