BMO Capital Markets Upgrades Rex Energy to Outperform (REXX)

By admin | 6 years ago

Rex Energy (NASDAQ: REXX) was upgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a note issued to investors on Tuesday.

Shares of Rex Energy traded down 1.19% during mid-day trading on Tuesday, hitting $9.94. Rex Energy has a one year low of $8.80 and a one year high of $18.00. The company’s market cap is $525.1 million.

REXX has been the subject of a number of other recent research reports. Analysts at Pritchard Capital raised their price target on shares of Rex Energy to $13.00 in a research note to investors on Monday, May 7th. Separately, analysts at Global Hunter Securities raised their price target on shares of Rex Energy from $12.50 to $21.00 in a research note to investors on Thursday, May 3rd. They now have a “buy” rating on the stock. Finally, analysts at Brean Murray upgraded shares of Rex Energy from a “hold” rating to a “buy” rating in a research note to investors on Friday, April 20th.

Rex Energy Corporation (Rex) is an independent oil and gas company operating in the Appalachian Basin and the Illinois Basin.

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