Analysts at Global Hunter Securities raised their price target on shares of Rex Energy (NASDAQ: REXX) from $12.50 to $21.00 in a research report issued to clients and investors on Thursday. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. 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. Separately, analysts at Oppenheimer (NYSE: OPY) initiated coverage on shares of Rex Energy in a research note to investors on Tuesday, April 3rd. They set an “outperform” rating and a $14.00 price target on the stock. Finally, analysts at Capital One upgraded shares of Rex Energy to a “neutral” rating in a research note to investors on Tuesday, March 27th.
Rex Energy opened at 10.76 on Thursday. Rex Energy has a 52-week low of $8.80 and a 52-week high of $18.00. The company’s market cap is $569.2 million.
Rex Energy Corporation (Rex) is an independent oil and gas company operating in the Appalachian Basin and the Illinois Basin.