Rex Energy Corporation (NASDAQ: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 has lost 19.45% in the last five trading days and dropped 13.09% in the last 4 weeks. Rex Energy Corporation has dropped 15.32% during the last 3-month period . Year-to-Date the stock performance stands at -37.1%.
Rex Energy Corporation (NASDAQ:REXX) : 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Rex Energy Corporation (NASDAQ:REXX). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Hold with a rating of 3.22.
Rex Energy Corporation (NASDAQ:REXX): The stock opened at $0.73 on Thursday but the bulls could not build on the opening and the stock topped out at $0.73 for the day. The stock traded down to $0.65 during the day, due to lack of any buying support eventually closed down at $0.66 with a loss of -8.06% for the day. The stock had closed at $0.72 on the previous day. The total traded volume was 3,027,116 shares.
In an insider trading activity, Walker Curtis J, officer (Chief Accounting Officer) of Rex Energy Corp, executed a transaction worth $4,940 on August 25, 2015. A total of 1,900 shares were purchased at an average price of $2.6. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.