Several brokerages have updated their recommendations and price targets on shares of Rex Energy Corporation (NASDAQ: REXX) in the last few weeks:

  • 10/11/2017 – Rex Energy Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties. “
  • 10/3/2017 – Rex Energy Corporation was downgraded by analysts at Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating. They now have a $3.00 price target on the stock, down previously from $4.00.
  • 9/27/2017 – Rex Energy Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. According to Zacks, “Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties. “
  • 9/26/2017 – Rex Energy Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties. “
  • 8/31/2017 – Rex Energy Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.50 price target on the stock. According to Zacks, “Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties. “
  • 8/30/2017 – Rex Energy Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties. “
  • 8/24/2017 – Rex Energy Corporation was given a new $4.00 price target on by analysts at Royal Bank Of Canada. They now have a “buy” rating on the stock.
  • 8/21/2017 – Rex Energy Corporation was given a new $4.00 price target on by analysts at Northland Securities. They now have a “hold” rating on the stock.
  • 8/18/2017 – Rex Energy Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $2.75 price target on the stock. According to Zacks, “Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties. “

Shares of Rex Energy Corporation (NASDAQ:REXX) opened at 2.51 on Thursday. Rex Energy Corporation has a 12 month low of $2.10 and a 12 month high of $9.80. The company’s market cap is $24.26 million. The stock has a 50 day moving average of $2.37 and a 200-day moving average of $2.20.

Rex Energy Corporation (NASDAQ:REXX) last posted 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 consensus estimate of ($1.02) by $0.04. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The business had revenue of $47.50 million during the quarter, compared to the consensus estimate of $48.49 million. During the same quarter last year, the firm posted ($0.07) EPS. Rex Energy Corporation’s revenue was up 51.8% compared to the same quarter last year. On average, analysts forecast that Rex Energy Corporation will post ($3.69) EPS for the current year.

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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