Out of 10 analysts covering Rex Energy (NASDAQ:REXX), 1 rate it “Buy”, 2 “Sell”, while 12 “Hold”. This means 7% are positive. Rex Energy was the topic in 16 analyst reports since July 21, 2015 according to StockzIntelligence Inc. KLR Group downgraded the stock on January 19 to “Hold” rating. Below is a list of Rex Energy Corporation (NASDAQ:REXX) latest ratings and price target changes.
04/02/2016 Broker: Northland Rating: Old Target: $1.25 New Target: $0.50 Target Down
19/01/2016 Broker: KLR Group Old Rating: Buy New Rating: Hold Downgrade
22/12/2015 Broker: KeyBanc Capital Markets Old Rating: Overweight New Rating: Sector Weight Downgrade
01/12/2015 Broker: Stifel Nicolaus Old Rating: Hold New Rating: Sell New Target: $0.75 Downgrade
23/11/2015 Broker: Imperial Capital Old Rating: Outperform New Rating: In-Line Old Target: $4.0 New Target: $2.0 Downgrade
11/11/2015 Broker: Northland Capital Old Rating: Outperform New Rating: Market Perform Old Target: $5 New Target: $2.75 Downgrade
03/11/2015 Broker: KeyBanc Capital Markets Rating: Overweight Old Target: $5.00 New Target: $3.50 Target Down
21/10/2015 Broker: Robert W. Baird Rating: Old Target: $3.00 New Target: $2.00 Target Down
16/10/2015 Broker: Imperial Capital Rating: Outperform Old Target: $4.25 New Target: $4.00 Target Down
15/10/2015 Broker: KLR Group Rating: Old Target: $6.00 New Target: $4.00 Target Down
The stock decreased 5.75% or $0.045 during the last trading session, hitting $0.73. About 1.03M shares traded hands. Rex Energy Corporation (NASDAQ:REXX) has declined 73.65% since August 27, 2015 and is downtrending. It has underperformed by 77.59% the S&P500.
Rex Energy Corporation is an independent oil, natural gas liquid and natural gas company. The company has a market cap of $41.96 million. The Firm has activities in the Appalachian Basin and Illinois Basin. It currently has negative earnings. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities.
The institutional sentiment decreased to 0.74 in Q3 2015. Its down 0.66, from 1.4 in 2015Q2. The ratio dropped, as 26 funds sold all Rex Energy Corporation shares owned while 40 reduced positions. 12 funds bought stakes while 37 increased positions. They now own 47.87 million shares or 22.10% less from 61.45 million shares in 2015Q2.
Twin Focus Capital Partners Llc holds 1.08% of its portfolio in Rex Energy Corporation for 410,711 shares. Muhlenkamp & Co Inc owns 1.59 million shares or 0.97% of their US portfolio. Moreover, Grt Capital Partners L.L.C. has 0.26% invested in the company for 466,863 shares. The Massachusetts-based Ironwood Investment Management Llc has invested 0.26% in the stock. Emerald Advisers Inc Pa, a Pennsylvania-based fund reported 1.60 million shares.
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