Rex Energy Co. (REXX) Receives Consensus Recommendation of “Hold” from Analysts
Rex Energy Co. (NASDAQ:REXX) has received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $5.34.
REXX has been the subject of a number of analyst reports. Zacks Investment Research downgraded Rex Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Royal Bank of Canada reissued a “hold” rating and set a $3.00 target price on shares of Rex Energy in a research note on Thursday, November 9th. Northland Securities set a $2.00 target price on Rex Energy and gave the stock a “hold” rating in a research note on Monday, December 11th. SunTrust Banks set a $2.00 target price on Rex Energy and gave the stock a “hold” rating in a research note on Thursday, November 16th. Finally, KeyCorp reissued a “hold” rating on shares of Rex Energy in a research note on Monday, November 13th.
Shares of Rex Energy (NASDAQ:REXX) traded down $0.06 during mid-day trading on Friday, hitting $1.45. The stock had a trading volume of 131,530 shares, compared to its average volume of 457,797. The stock has a market cap of $14.70 and a P/E ratio of -0.12. Rex Energy has a fifty-two week low of $1.25 and a fifty-two week high of $7.50. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of -18.86.
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About Rex Energy
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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