Stifel announced Rex Energy (NASDAQ:REXX), bumping up its stock price target to $0.52 today
- Updated: September 28, 2016
Yesterday Rex Energy (NASDAQ:REXX) traded 18.93% higher at $0.55. The company’s 50-day moving average is $0.55 and its 200-day moving average is $0.76. The last stock close price is down -28.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 2,672,774 shares of the stock were exchanged, up from an average trading volume of 1,237,250
In a report released on Thursday September 29, 2016 Stifel increased the stock price target of Rex Energy (NASDAQ:REXX) from $0.50 to $0.52 indicating a possible downside of -0.05%.
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Rex Energy has a with a one year low of $0.45 and a one year high of $3.34 REXX’s total market value is presently $0.
A total of 11 equity analysts have released a research note on REXX. zero equity analysts rating the company a strong buy, two equity analysts rating the company a buy, twelve equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $1.75.
Brief Synopsis 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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