KeyCorp Reiterates Hold Rating for Rex Energy Corporation (REXX)
Rex Energy Corporation (NASDAQ:REXX)‘s stock had its “hold” rating reissued by analysts at KeyCorp in a research note issued on Monday.
Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $4.00 price objective on shares of Rex Energy Corporation in a report on Thursday, July 20th. Zacks Investment Research upgraded Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.00 price objective on the stock in a report on Wednesday, October 25th. Finally, Northland Securities set a $4.00 price objective on Rex Energy Corporation and gave the company a “hold” rating in a report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Rex Energy Corporation currently has a consensus rating of “Hold” and a consensus price target of $5.74.
Shares of Rex Energy Corporation (NASDAQ REXX) opened at $2.28 on Monday. The company has a debt-to-equity ratio of 213.77, a quick ratio of 0.51 and a current ratio of 0.53. Rex Energy Corporation has a 1-year low of $1.70 and a 1-year high of $9.80.
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An institutional investor recently raised its position in Rex Energy Corporation stock. Bank of America Corp DE raised its stake in shares of Rex Energy Corporation (NASDAQ:REXX) by 30,715.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 336,193 shares of the oil and gas exploration company’s stock after acquiring an additional 335,102 shares during the period. Bank of America Corp DE owned approximately 0.35% of Rex Energy Corporation worth $158,000 as of its most recent SEC filing. Institutional investors and hedge funds own 14.73% of the company’s stock.
Rex Energy Corporation 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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