Rex Energy Corporation (REXX) : The consensus on Rex Energy Corporation (REXX) based on 9 analyst recommendation on the company stock is 3.22, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Rex Energy Corporation (REXX) stock is expected to deviate a maximum of $0.57 from the average target price of $1.05 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $2 and the most muted being $1.
Rex Energy Corporation (NASDAQ:REXX): The stock opened at $0.67 on Wednesday but the bulls could not build on the opening and the stock topped out at $0.70 for the day. The stock traded down to $0.66 during the day, due to lack of any buying support eventually closed down at $0.66 with a loss of -1.40% for the day. The stock had closed at $0.67 on the previous day. The total traded volume was 1,054,703 shares.
The company shares have dropped -82.28% from its 1 Year high price. On Jul 8, 2015, the shares registered one year high at $4.16 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $0.75 and the 200 Day Moving Average price is recorded at $0.87.
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. In the Illinois Basin, the Company is focused on its developmental oil drilling and the implementation of enhanced oil recovery (EOR) on its properties. In addition to its drilling and exploration activities, the Company is also engaged in oil and gas field services, where the Company provides water sourcing, water disposal and water transfer solutions for completion operations. The Company operates in two business segments: exploration and production and field services. Its core leasehold consists of interests in developed and undeveloped crude oil, NGL and natural gas resources located in the Appalachian and Illinois basins.