Rex Energy Co. (NASDAQ:REXX) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $5.34.
A number of brokerages recently weighed in on REXX. Zacks Investment Research raised shares of Rex Energy from a “sell” rating to a “hold” rating in a report on Tuesday, January 16th. Northland Securities set a $2.00 price target on shares of Rex Energy and gave the company a “hold” rating in a report on Monday, December 11th. SunTrust Banks set a $2.00 price target on shares of Rex Energy and gave the company a “hold” rating in a report on Thursday, November 16th. KeyCorp reissued a “hold” rating on shares of Rex Energy in a report on Monday, November 13th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $3.00 price target on shares of Rex Energy in a report on Thursday, November 9th.
Rex Energy (NASDAQ:REXX) opened at $1.61 on Friday. Rex Energy has a one year low of $1.25 and a one year high of $7.50. The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of -18.86. The stock has a market cap of $16.00, a P/E ratio of -0.12 and a beta of 1.83.
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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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