Rex Energy Corporation (REXX) : Gierl Augustine Investment Management Inc scooped up 1,000 additional shares in Rex Energy Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 5,367 shares of Rex Energy Corporation which is valued at $2,904.
Other Hedge Funds, Including , Creative Planning boosted its stake in REXX in the latest quarter, The investment management firm added 1,500 additional shares and now holds a total of 16,800 shares of Rex Energy Corporation which is valued at $9,526.Cutler Group Lp reduced its stake in REXX by selling 3,100 shares or 64.58% in the most recent quarter. The Hedge Fund company now holds 1,700 shares of REXX which is valued at $947. Simplex Trading sold out all of its stake in REXX during the most recent quarter. The investment firm sold 21,472 shares of REXX which is valued $11,810.
Rex Energy Corporation closed down -0.0256 points or -4.52% at $0.5411 with 7,03,991 shares getting traded on Friday. Post opening the session at $0.579, the shares hit an intraday low of $0.54 and an intraday high of $0.58 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Rex Energy Corporation reported $-0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $-0.13. The company had revenue of $31.30 million for the quarter, compared to analysts expectations of $43.70 million. The company’s revenue was down -12.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.22 EPS.
Many Wall Street Analysts have commented on Rex Energy Corporation. Company shares were Upgraded by Stifel on Sep 29, 2016 to ” Hold”, Firm has raised the Price Target to $ 0.52 from a previous price target of $0.50 .
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.