Rex Energy Corporation (NASDAQ:REXX)‘s stock had its “hold” rating restated by KeyCorp in a research note issued to investors on Monday.
Several other analysts have also weighed in on the company. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $3.00 price objective on shares of Rex Energy Corporation in a research note on Thursday, November 9th. Zacks Investment Research raised Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Wednesday, October 25th. Finally, Northland Securities set a $4.00 price target on Rex Energy Corporation and gave the company a “hold” rating in a research note on Monday, August 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.74.
Rex Energy Corporation (NASDAQ REXX) opened at $2.45 on Monday. The company has a debt-to-equity ratio of 213.77, a current ratio of 0.53 and a quick ratio of 0.51. Rex Energy Corporation has a 12-month low of $1.70 and a 12-month high of $9.80.
Rex Energy Corporation (NASDAQ:REXX) last issued its quarterly earnings results on Tuesday, November 14th. The oil and gas exploration company reported ($1.00) EPS for the quarter, topping the Zacks’ consensus estimate of ($1.18) by $0.18. Rex Energy Corporation had a negative return on equity of 140.84% and a negative net margin of 37.94%. The company had revenue of $48.00 million for the quarter, compared to analysts’ expectations of $46.64 million. During the same quarter last year, the business earned ($0.14) earnings per share. Rex Energy Corporation’s revenue was up 41.2% on a year-over-year basis. equities research analysts anticipate that Rex Energy Corporation will post -2.57 earnings per share for the current year.
An institutional investor recently bought a new position in Rex Energy Corporation stock. Spark Investment Management LLC acquired a new position in Rex Energy Corporation (NASDAQ:REXX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,185 shares of the oil and gas exploration company’s stock, valued at approximately $194,000. Spark Investment Management LLC owned about 0.70% of Rex Energy Corporation at the end of the most recent quarter. 14.73% of the stock is currently owned by hedge funds and other institutional investors.
Rex Energy Corporation 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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