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.

Rex Energy (NASDAQ:REXX) last announced its quarterly earnings results on Tuesday, November 14th. The oil and gas exploration company reported ($1.00) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.18) by $0.18. Rex Energy had a negative return on equity of 140.84% and a negative net margin of 61.80%. The firm had revenue of $48.00 million for the quarter, compared to analysts’ expectations of $46.64 million. During the same period in the prior year, the business posted ($0.14) earnings per share. The business’s revenue was up 41.2% compared to the same quarter last year. research analysts predict that Rex Energy will post -2.96 EPS for the current fiscal year.

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.

WARNING: This report was first posted by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international copyright and trademark law. The original version of this report can be accessed at

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.

Analyst Recommendations for Rex Energy (NASDAQ:REXX)

Receive News & Ratings for Rex Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rex Energy Corporation and related companies with's FREE daily email newsletter.

Leave a Reply