Brokerage Firm Rating Update on Rex Energy Corporation (REXX)

Rex Energy Corporation (REXX) : 8 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Rex Energy Corporation (REXX). Zacks Investment Research suggests a Hold with a rank of 3. 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 (REXX) : The most positive equity analysts on Rex Energy Corporation (REXX) expects the shares to touch $2, whereas, the least positive believes that the stock will trade at $1 in the short term. The company is covered by 5 Wall Street Brokerage Firms. The average price target for shares are $1.15 with an expected fluctuation of $0.6 from the mean.


Company shares have received an average consensus rating of Hold for the current week

Rex Energy Corporation (NASDAQ:REXX): stock was range-bound between the intraday low of $0.55 and the intraday high of $0.5688 after having opened at $0.5613 on Wednesdays session. The stock finally closed in the red at $0.5613, a loss of -2.12%. The stock remained in the red for the whole trading day. The total traded volume was 915,889 shares. The stock failed to cross $0.5688 in Wednesdays trading. The stocks closing price on Thursday was $0.5619.

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.

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