Rex Energy Price Target Raised to $17.00 at BMO Capital Markets (REXX)
Rex Energy (NASDAQ: REXX) had its target price lifted by BMO Capital Markets from $15.00 to $17.00 in a research note issued to investors on Monday. The firm currently has an outperform rating on the stock.
Shares of Rex Energy traded up 0.95% during mid-day trading on Monday, hitting $14.88. Rex Energy has a 52 week low of $8.80 and a 52 week high of $14.85. The stock’s 50-day moving average is currently $13.62. The company has a market cap of $791.8 million and a P/E ratio of 16.94.
Separately, analysts at RBC Capital raised their price target on shares of Rex Energy from $16.00 to $18.00 in a research note to investors on Thursday, February 28th. They now have an outperform rating on the stock.
Ten investment analysts have rated the stock with a buy rating, three have assigned an overweight rating, and one has issued a hold rating to the company’s stock. Rex Energy has a consensus rating of buy and an average price target of $17.50.
Rex Energy Corporation (Rex) is an independent oil and gas company operating in the Appalachian Basin and the Illinois Basin.
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