Royal Bank Of Canada Reiterates Hold Rating for Rex Energy Corporation (REXX)
Royal Bank Of Canada restated their hold rating on shares of Rex Energy Corporation (NASDAQ:REXX) in a research note issued to investors on Thursday. They currently have a $3.00 target price on the oil and gas exploration company’s stock.
Other research analysts have also recently issued research reports about the company. Zacks Investment Research raised Rex Energy Corporation from a hold rating to a buy rating and set a $2.75 price target on the stock in a report on Friday, August 18th. Northland Securities set a $4.00 price target on Rex Energy Corporation and gave the company a hold rating in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $5.74.
Rex Energy Corporation (NASDAQ:REXX) traded up $0.03 during midday trading on Thursday, hitting $2.16. The company’s stock had a trading volume of 300,400 shares, compared to its average volume of 152,174. Rex Energy Corporation has a 52 week low of $1.70 and a 52 week high of $9.80. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 213.77.
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A hedge fund recently bought a new stake in Rex Energy Corporation stock. Spark Investment Management LLC bought a new stake in shares of Rex Energy Corporation (NASDAQ:REXX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 67,185 shares of the oil and gas exploration company’s stock, valued at approximately $194,000. Spark Investment Management LLC owned 0.70% of Rex Energy Corporation as of its most recent SEC filing. 14.73% of the stock is currently owned by institutional investors.
About Rex Energy Corporation
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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