Rex Energy Corporation (REXX) Shares are Up 1.24%

Rex Energy Corporation (REXX) has been under a strong bear grip, hence the stock is down -18.32% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.62% in the past 1 week. The stock has risen by 1.24% in the past week indicating that the buyers are active at lower levels, but the stock is down -12.8% in the past 4 weeks.

Rex Energy Corporation (NASDAQ:REXX): The stock opened at $0.69 on Friday but the bulls could not build on the opening and the stock topped out at $0.69 for the day. The stock traded down to $0.65 during the day, due to lack of any buying support eventually closed down at $0.65 with a loss of -3.68% for the day. The stock had closed at $0.68 on the previous day. The total traded volume was 1,527,323 shares.


The stock has recorded a 20-day Moving Average of 4.53% and the 50-Day Moving Average is 9.54%. Rex Energy Corporation has dropped 42.63% during the last 3-month period . Year-to-Date the stock performance stands at -37.71%.

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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