Rex Energy Corporation (REXX) PT Set at $4.00 by Northland Securities
Rex Energy Corporation (NASDAQ:REXX) has been assigned a $4.00 price target by investment analysts at Northland Securities in a report issued on Monday. The firm presently has a “hold” rating on the oil and gas exploration company’s stock. Northland Securities’ price target points to a potential upside of 62.93% from the stock’s previous close.
A number of other equities analysts have also commented on REXX. Zacks Investment Research raised shares of Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a report on Friday, August 18th. S&P Equity Research increased their price target on shares of Rex Energy Corporation from $3.92 to $4.71 in a report on Monday, May 15th. ValuEngine raised shares of Rex Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $4.00 price target on shares of Rex Energy Corporation in a report on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Rex Energy Corporation currently has a consensus rating of “Hold” and a consensus target price of $5.94.
Shares of Rex Energy Corporation (NASDAQ REXX) opened at 2.455 on Monday. The company’s market cap is $23.73 million. The firm’s 50 day moving average is $2.78 and its 200-day moving average is $1.75. Rex Energy Corporation has a 1-year low of $2.20 and a 1-year high of $9.80.
Rex Energy Corporation (NASDAQ:REXX) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.02) by $0.04. The firm had revenue of $47.50 million for the quarter, compared to analyst estimates of $48.49 million. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The business’s revenue for the quarter was up 51.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) EPS. Equities analysts expect that Rex Energy Corporation will post ($3.58) earnings per share for the current year.
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Several institutional investors have recently added to or reduced their stakes in REXX. Norges Bank acquired a new position in Rex Energy Corporation during the fourth quarter valued at approximately $634,000. KBC Group NV raised its position in Rex Energy Corporation by 19.0% in the first quarter. KBC Group NV now owns 417,214 shares of the oil and gas exploration company’s stock valued at $196,000 after buying an additional 66,559 shares in the last quarter. Primecap Management Co. CA raised its position in Rex Energy Corporation by 4.6% in the first quarter. Primecap Management Co. CA now owns 3,425,000 shares of the oil and gas exploration company’s stock valued at $1,608,000 after buying an additional 150,000 shares in the last quarter. Spark Investment Management LLC acquired a new position in Rex Energy Corporation during the second quarter valued at approximately $194,000. Finally, Bank of America Corp DE raised its position in Rex Energy Corporation by 30,715.1% in the first quarter. Bank of America Corp DE now owns 336,193 shares of the oil and gas exploration company’s stock valued at $158,000 after buying an additional 335,102 shares in the last quarter.
About Rex Energy Corporation
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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