Rex Energy Corporation (REXX) Given Average Recommendation of “Hold” by Brokerages

Shares of Rex Energy Corporation (NASDAQ:REXX) have received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $5.74.

Several brokerages have recently issued reports on REXX. KeyCorp reaffirmed a “hold” rating on shares of Rex Energy Corporation in a research note on Monday. Zacks Investment Research cut shares of Rex Energy Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Royal Bank Of Canada cut shares of Rex Energy Corporation from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $4.00 to $3.00 in a research note on Tuesday, October 3rd. Finally, Northland Securities set a $4.00 price objective on shares of Rex Energy Corporation and gave the stock a “hold” rating in a research note on Monday, August 21st.

Rex Energy Corporation (REXX) opened at $2.28 on Tuesday. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of 213.77. Rex Energy Corporation has a 52 week low of $1.70 and a 52 week high of $9.80.

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A hedge fund recently bought a new stake in Rex Energy Corporation stock. Spark Investment Management LLC bought a new position in Rex Energy Corporation (NASDAQ:REXX) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 67,185 shares of the oil and gas exploration company’s stock, valued at approximately $194,000. Spark Investment Management LLC owned 0.70% of Rex Energy Corporation at the end of the most recent reporting period. Institutional investors own 14.73% of the company’s stock.

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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