Rex Energy Corporation (NASDAQ:REXX) registered a -8.42% decrease, still its new closing price is 190.65% up from the company’s 1 year high of 2.43.It posted -8.42% losses in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 0 buy or better ratings. The 11 stock analysts following this company have an average price target at $0.86, with individual PT in the $0.50-$1.25 range. The shares moved at $0.67, implying that brokerage firms see shares losing about -9.66% in twelve months time.
Rex Energy Corporation (REXX) SEC Form 4 News
The stock is getting much attention these days as insiders are adding shares while they posted a 42.23% rise year to date. A COO at Rex Energy Corporation (REXX) acquired shares in a transaction closed on Wednesday August 31, 2016. Ovitz Robert W bought 10,000 shares in the company at $0.58 each and collected $5,001 in proceeds. Ovitz Robert W now owns 237,336 shares in the company after this transaction. A Chief Accounting Officer in the company, WALKER CURTIS J, disclosed a transaction on Tuesday August 25, 2015 that ended up paying $4,001 from the purchase of 1,900 shares at $2.6 per share.
Rex Energy Corporation (NASDAQ:REXX) Upcoming Results on Tap
Rex Energy Corporation will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $-0.09 in that period. Sales during the quarter are predicted to arrive at $51.67 million.
Earnings surprise history: Last quarter, the company posted approximately $34.04 million in revenue and EPS of $-0.14. The mean forecast was for $40.75 million and $-0.16 a share, respectively. One quarter earlier, revenue for the stock was at $31.26 million, with earnings at $-0.07/share.
Rex Energy Corporation (REXX) Brokerage Update
Rex Energy Corporation (REXX) is in Stifel’s research list so their analyst rating change is noteworthy. These shares were upgraded to Hold from Sell by Stifel, according to news reported on Thursday September 29, 2016.Another important research note was issued by KLR Group on Tuesday January 19, 2016.The firm downgraded REXX to Hold from Buy. Over the last six months and over the last three months, the shares of Rex Energy Corporation (REXX), have changed 2.85% and 36.43%, respectively.
