Rex Energy Corporation (NASDAQ:REXX) shares were down 18.1% during trading on Friday . The stock traded as low as $1.79 and last traded at $1.85. Approximately 1,169,300 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 1,463,233 shares. The stock had previously closed at $2.26.

Several research analysts recently commented on REXX shares. Zacks Investment Research upgraded shares of Rex Energy from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a report on Wednesday, October 25th. Northland Securities set a $2.00 price objective on shares of Rex Energy and gave the stock a “hold” rating in a report on Monday, December 11th. SunTrust Banks set a $2.00 price objective on shares of Rex Energy and gave the stock a “hold” rating in a report on Thursday, November 16th. KeyCorp restated a “hold” rating on shares of Rex Energy in a report on Monday, November 13th. Finally, Royal Bank of Canada restated a “hold” rating and set a $3.00 price objective on shares of Rex Energy in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock currently has an average rating of “Hold” and an average price target of $4.79.

The company has a market capitalization of $17.54, a P/E ratio of -0.14 and a beta of 1.83. 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 posted its earnings results on Tuesday, November 14th. The oil and gas exploration company reported ($1.00) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.18) by $0.18. The business had revenue of $48.00 million for the quarter, compared to analysts’ expectations of $46.64 million. Rex Energy had a negative net margin of 61.80% and a negative return on equity of 140.84%. The firm’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) earnings per share. equities research analysts expect that Rex Energy Corporation will post -2.96 EPS for the current year.

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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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