Rex Energy (NASDAQ:REXX) price target upped to $0.52, released a report earlier today by Stifel Nicolaus
- Updated: October 1, 2016
Stating a potential downside of -0.05%, Stifel Nicolaus upped the price target of Rex Energy (NASDAQ:REXX) to $0.52
Having a price of $0.55, Rex Energy (NASDAQ:REXX) traded 3.44% higher on the day. With the last close down -22.21% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Rex Energy has recorded a 50-day average of $0.55 and a two hundred day average of $0.75. Volume of trade was up over the average, with 1,348,235 shares of REXX changing hands over the typical 1,299,510
With a total market value of $0, Rex Energy has with a one year low of $0.45 and a one year high of $3.34 .
A total of 11 analysts have released a report on Rex Energy. zero analysts rating the company a strong buy, two analysts rating the company a buy, twelve analysts rating the company a hold, one analyst rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $1.75.
More About Rex Energy (NASDAQ:REXX)
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 on its properties. The Company owns an interest in approximately 1,820 oil and natural gas wells. The Company produces an average of over 195.8 net millions of cubic feet equivalent (MMcfe) per day, composed of approximately 62.4% natural gas, over 9.5% oil and approximately 28.1% NGLs. In the Illinois Basin, the Company produces an average of approximately 1,998 barrels of oil per day (bopd). Including both developed and undeveloped acreage, the Company controls approximately 99,200 gross (over 79,700 net) acres in Illinois, Indiana and Kentucky.
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