Rex Energy Corporation (NASDAQ:REXX) : The consensus on Rex Energy Corporation (NASDAQ:REXX) based on 9 analyst recommendation on the company stock is 3.22, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Rex Energy Corporation (NASDAQ:REXX) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $2 and the lowest price target forecast is $1. The average forecast of all the analysts is $1.05 and the expected standard deviation is $0.57.
Company shares have received an average consensus rating of Hold for the current week
Rex Energy Corporation (NASDAQ:REXX): stock turned positive on Tuesday. Though the stock opened at $0.73, the bulls momentum made the stock top out at $0.77 level for the day. The stock recorded a low of $0.7201 and closed the trading day at $0.724, in the green by 1.07%. The total traded volume for the day was 2,419,251. The stock had closed at $0.7163 in the previous days trading.
In an insider trading activity, Walker Curtis J, officer (Chief Accounting Officer) of Rex Energy Corp, executed a transaction worth $4,940 on August 25, 2015. A total of 1,900 shares were purchased at an average price of $2.6. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.