Rex Energy Co. (NASDAQ:REXX) shares traded down 8.3% during trading on Monday . The stock traded as low as $0.95 and last traded at $0.99. 536,400 shares changed hands during mid-day trading, an increase of 30% from the average session volume of 411,245 shares. The stock had previously closed at $1.08.
Several research analysts have commented on the company. SunTrust Banks set a $2.00 price target on Rex Energy and gave the stock a “hold” rating in a research report on Thursday, November 16th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $3.00 price target on shares of Rex Energy in a research report on Thursday, November 9th. KeyCorp reaffirmed a “hold” rating on shares of Rex Energy in a research report on Monday, November 13th. Zacks Investment Research raised Rex Energy from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research report on Wednesday, October 25th. Finally, Northland Securities set a $2.00 price target on Rex Energy and gave the stock a “hold” rating in a research report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $4.79.
The company has a quick ratio of 0.33, a current ratio of 0.36 and a debt-to-equity ratio of -18.86. The stock has a market cap of $10.21, a PE ratio of -0.08 and a beta of 1.88.
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Rex Energy Company Profile
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.
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