Rex Energy Corp. (NASDAQ:REXX) was upgraded by Stifel Nicolaus to a “hold” rating in a research report issued to clients and investors on Thursday.
Several other research analysts also recently commented on the company. Wells Fargo & Co. reissued a “hold” rating on shares of Rex Energy Corp. in a research note on Monday, June 20th. Zacks Investment Research downgraded Rex Energy Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Eight research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus price target of $2.13.
Shares of Rex Energy Corp. (NASDAQ:REXX) opened at 0.546 on Thursday. The stock’s market capitalization is $41.58 million. The firm’s 50-day moving average is $0.55 and its 200-day moving average is $0.76. Rex Energy Corp. has a one year low of $0.45 and a one year high of $3.34.
Rex Energy Corp. (NASDAQ:REXX) last announced its earnings results on Tuesday, August 2nd. The oil and gas exploration company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.13) by $0.06. The business earned $31.30 million during the quarter, compared to the consensus estimate of $43.71 million. Rex Energy Corp. had a negative return on equity of 32.36% and a negative net margin of 229.66%. The business’s quarterly revenue was down 12.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.22) EPS. Equities research analysts forecast that Rex Energy Corp. will post ($0.52) EPS for the current year.
A number of hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co bought a new stake in shares of Rex Energy Corp. during the second quarter valued at about $130,000. Bridgeway Capital Management Inc. boosted its stake in shares of Rex Energy Corp. by 240.9% in the second quarter. Bridgeway Capital Management Inc. now owns 495,300 shares of the oil and gas exploration company’s stock valued at $327,000 after buying an additional 350,000 shares during the last quarter. Spark Investment Management LLC bought a new stake in shares of Rex Energy Corp. during the second quarter valued at about $198,000. Franklin Resources Inc. bought a new stake in shares of Rex Energy Corp. during the second quarter valued at about $1,658,000. Finally, California Public Employees Retirement System boosted its stake in shares of Rex Energy Corp. by 23.1% in the second quarter. California Public Employees Retirement System now owns 846,800 shares of the oil and gas exploration company’s stock valued at $559,000 after buying an additional 159,000 shares during the last quarter. Institutional investors own 22.97% of the company’s stock.
Rex Energy Corp. 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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