Rex Energy (REXX) PT Set at $2.00 by Northland Securities
Rex Energy (NASDAQ:REXX) has been given a $2.00 price target by analysts at Northland Securities in a research report issued on Monday. The firm currently has a “hold” rating on the oil and gas exploration company’s stock. Northland Securities’ price target indicates a potential upside of 23.46% from the company’s current price.
REXX has been the topic of a number of other reports. Zacks Investment Research upgraded Rex Energy from a “hold” rating to a “buy” rating and set a $2.50 price target on the stock in a research report on Thursday, August 31st. KeyCorp reiterated a “hold” rating on shares of Rex Energy in a research report on Monday, November 13th. Royal Bank Of Canada reiterated a “hold” rating and issued a $3.00 price target on shares of Rex Energy in a research report on Thursday, November 9th. Finally, SunTrust Banks set a $2.00 target price on Rex Energy and gave the stock a “hold” rating in a report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Rex Energy presently has an average rating of “Hold” and an average price target of $4.79.
Shares of Rex Energy (NASDAQ:REXX) traded down $0.03 during trading hours on Monday, reaching $1.62. The company’s stock had a trading volume of 74,600 shares, compared to its average volume of 156,322. Rex Energy has a 52-week low of $1.60 and a 52-week high of $9.80. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of -18.86.
An institutional investor recently bought a new position in Rex Energy stock. Spark Investment Management LLC purchased a new stake in Rex Energy Corporation (NASDAQ:REXX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 67,185 shares of the oil and gas exploration company’s stock, valued at approximately $194,000. Spark Investment Management LLC owned about 0.70% of Rex Energy as of its most recent SEC filing. 12.82% of the stock is owned by hedge funds and other institutional investors.
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Rex Energy 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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