Rex Energy Corporation (REXX) : 9 analysts are covering Rex Energy Corporation (REXX) and their average rating on the stock is 3.22, which is read as a Hold. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 8 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Rex Energy Corporation (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): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $0.65 and $0.65 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $0.70. The buying momentum continued till the end and the stock did not give up its gains. It closed at $0.66, notching a gain of 3.98% for the day. The total traded volume was 2,211,961 . The stock had closed at $0.63 on the previous day.
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.