Analyst Price Target Update on Rex Energy Corporation (NASDAQ:REXX)

Rex Energy Corporation (NASDAQ:REXX): 5 analysts have set the short term price target of Rex Energy Corporation (NASDAQ:REXX) at $1.25. The standard deviation of short term price target has been estimated at $0.71, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 2 and $1 respectively.

Company shares have received an average consensus rating of Hold for the current week

On the companys insider trading activities, Walker Curtis J, officer (Chief Accounting Officer) of Rex Energy Corp had purchased 1,900 shares on August 25, 2015 in a transaction. The price per share was $2.6 and the total amount of the disclosed transaction was $4,940.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Rex Energy Corporation (NASDAQ:REXX) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.0243 points or 2.85% at $0.8295 with 1,674,173 shares getting traded. Post opening the session at $0.91, the shares hit an intraday low of $0.8 and an intraday high of $0.91 and the price was in this range throughout the day. The company has a market cap of $61 million and the number of outstanding shares have been calculated to be 73,357,014 shares. The 52-week high of Rex Energy Corporation (NASDAQ:REXX) is $5.6 and the 52-week low is $0.49.

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. In the Illinois Basin, the Company is focused on its developmental oil drilling and the implementation of enhanced oil recovery (EOR) on its properties. In addition to its drilling and exploration activities, the Company is also engaged in oil and gas field services, where the Company provides water sourcing, water disposal and water transfer solutions for completion operations. The Company operates in two business segments: exploration and production and field services. Its core leasehold consists of interests in developed and undeveloped crude oil, NGL and natural gas resources located in the Appalachian and Illinois basins.

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