Rex Energy (REXX) Sees Large Volume Increase
Rex Energy Corporation (NASDAQ:REXX) shares saw an uptick in trading volume on Wednesday . 3,031,790 shares traded hands during mid-day trading, an increase of 88% from the previous session’s volume of 1,608,457 shares.The stock last traded at $2.26 and had previously closed at $1.39.
Several brokerages have recently commented on REXX. Zacks Investment Research upgraded Rex Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Royal Bank of Canada downgraded Rex Energy from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $4.00 to $3.00 in a research note on Tuesday, October 3rd. SunTrust Banks set a $2.00 target price on Rex Energy and gave the company a “hold” rating in a research note on Thursday, November 16th. Northland Securities set a $2.00 target price on Rex Energy and gave the company a “hold” rating in a research note on Monday, December 11th. Finally, KeyCorp restated a “hold” rating on shares of Rex Energy in a research note on Monday, November 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $4.79.
The stock has a market capitalization of $22.45, a P/E ratio of -0.15 and a beta of 1.84. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of -18.86.
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Rex Energy 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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