Rex Energy Co. (NASDAQ:REXX) hit a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $0.78 and last traded at $0.79, with a volume of 172767 shares changing hands. The stock had previously closed at $0.79.
Several brokerages have recently issued reports on REXX. Zacks Investment Research upgraded Rex Energy from a “sell” rating to a “buy” rating and set a $1.00 price target for the company in a report on Thursday, March 29th. Northland Securities set a $2.00 price target on Rex Energy and gave the company a “hold” rating in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $2.54.
The company has a debt-to-equity ratio of -18.86, a current ratio of 0.36 and a quick ratio of 0.33. The firm has a market capitalization of $7.85, a price-to-earnings ratio of -0.15 and a beta of 1.91.
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About Rex Energy
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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