SunTrust Banks, Inc. Reiterates $2.00 Price Target for Rex Energy Corporation (REXX)
SunTrust Banks, Inc. set a $2.00 price target on Rex Energy Corporation (NASDAQ:REXX) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the oil and gas exploration company’s stock.
A number of other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Rex Energy Corporation from a buy rating to a hold rating in a report on Tuesday, September 26th. Royal Bank Of Canada lowered shares of Rex Energy Corporation from an outperform rating to a sector perform rating and cut their price target for the stock from $4.00 to $3.00 in a report on Tuesday, October 3rd. KeyCorp reissued a hold rating on shares of Rex Energy Corporation in a report on Monday, November 13th. Finally, Northland Securities set a $4.00 price target on shares of Rex Energy Corporation and gave the stock a hold rating in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $5.12.
Rex Energy Corporation (NASDAQ:REXX) traded up $0.07 during mid-day trading on Thursday, hitting $1.98. 683,091 shares of the company traded hands, compared to its average volume of 172,055. The company has a debt-to-equity ratio of -18.86, a quick ratio of 0.51 and a current ratio of 0.36. Rex Energy Corporation has a 52 week low of $1.70 and a 52 week high of $9.80.
Rex Energy Corporation (NASDAQ:REXX) last released its earnings results on Tuesday, November 14th. The oil and gas exploration company reported ($1.00) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.18) by $0.18. Rex Energy Corporation had a negative net margin of 61.80% and a negative return on equity of 371.53%. The company had revenue of $48.00 million for the quarter, compared to analyst estimates of $46.64 million. During the same quarter last year, the firm earned ($0.14) EPS. The firm’s quarterly revenue was up 41.2% compared to the same quarter last year. research analysts expect that Rex Energy Corporation will post -2.57 earnings per share for the current year.
A hedge fund recently bought a new position in Rex Energy Corporation stock. Spark Investment Management LLC bought a new position in Rex Energy Corporation (NASDAQ:REXX) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm 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 at the end of the most recent quarter. 14.73% of the stock is currently owned by hedge funds and other 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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