S&P Equity Research Lowers Rex Energy (REXX) Price Target to $0.16

Rex Energy (NASDAQ:REXX) had its target price dropped by stock analysts at S&P Equity Research from $0.19 to $0.16 in a report issued on Monday. S&P Equity Research’s price objective would indicate a potential downside of 69.54% from the stock’s current price.

Separately, Zacks Investment Research lowered Rex Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, April 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $1.58.

Rex Energy traded up $0.35, reaching $0.53, during midday trading on Monday, MarketBeat.com reports. The stock has a market cap of $5.94 million, a P/E ratio of -0.11 and a beta of 1.91. The company has a debt-to-equity ratio of -18.86, a quick ratio of 0.33 and a current ratio of 0.36. Rex Energy has a 52 week low of $0.03 and a 52 week high of $4.07.

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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