Rex Energy Corporation (REXX) Shares are Up 20.42%

Rex Energy Corporation (REXX) : Traders are bullish on Rex Energy Corporation (REXX) as it has outperformed the S&P 500 by a wide margin of 5.59% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 20.22%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 20.42% in the last 1 week, and is up 5.02% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 12.07% and the 50-Day Moving Average is 1.97%.The 200 Day SMA reached 25.71%


Rex Energy Corporation (NASDAQ:REXX): After opening at $0.606, the stock dipped to an intraday low of $0.56 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $0.61 and the buying power remained strong till the end. The stock closed at $0.5839 for the day, a gain of 3.44% for the day session. The total traded volume was 1,348,235. The stocks close on the previous trading day was $0.5839.

Rex Energy Corporation (REXX) stock is expected to deviate a maximum of $0.6 from the average target price of $1.15 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $2 and the most muted being $1.

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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