Economy

Growth Analysis of Rex Energy Corporation (REXX)

Growth Analysis of Rex Energy Corporation (REXX)

The lowest target is $155 while the high is $325. Jane Street Group Inc Limited Liability Company reported 0% in Rex Energy Corporation (NASDAQ:REXX). The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share. Finally, Zacks Investment Research cut shares of PDC Energy from a "buy" rating to a "hold" rating in a research report on Friday, April 14th.

SunTrust Banks lifted their Q1 2017 EPS estimates for shares of Rex Energy in a report issued on Monday. Equity research analysts have given opinions on where they foresees the stock level. The analyst recommendations from a month ago are 21 Buy, 4 Overweight, 0 Sell, 7 Hold and 0 Underweight.

PDC Energy (NASDAQ:PDCE) traded up 2.83% on Wednesday, reaching $54.20.

Westwood Management Corp Il holds 6.66% of its portfolio in Ulta Beauty Inc for 136,075 shares. Company's distance from 20 day simple moving average is -10.70% and distance from 50-Day simple moving average is -15.59%. The 1-year High price of the stock is $0.98, while the 1-year low price is $0.23. The Company has seen strong uptake in the market with over 350 new patients starting therapy and over 300 unique healthcare providers prescribing during the quarter.

Preds outlast Blues to take 3-1 series lead
In Game 3 of the first-round series with Chicago, his shot led to a rebound that Filip Forsberg deposited for a game-tying goal. Regardless of which side you fall on regarding how deep you think this team is, they are too talented to be pushed around.

As a result of the reverse stock split, the number of outstanding shares of Rex Energy's common stock will be reduced to about 9.9 million from about 99 million. KeyCorp analyst D. Deckelbaum now expects that the energy producer will post earnings per share of ($0.11) for the quarter, down from their prior forecast of ($0.07). Rex Energy had a negative return on equity of 45.99% and a negative net margin of 159.09%. The company had revenue of $48.03 million for the quarter, compared to analyst estimates of $44.45 million. The company's revenue was up 75.4% compared to the same quarter past year. Equities analysts anticipate that PDC Energy will post $0.45 earnings per share for the current fiscal year.

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In other news, CEO Barton R. Brookman, Jr. sold 1,700 shares of the firm's stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $63.29, for a total value of $63,290.00. Series B Preferred Stock held through the Depository Trust Company will be redeemed in accordance with the applicable procedures of the Depositary Trust Company. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph E. Casabona sold 1,000 shares of PDC Energy stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $62.27, for a total value of $105,859.00. Moreover, Dsam Partners (London) Ltd has 5.81% invested in the company for 82,649 shares. The disclosure for this sale can be found here.

Stifel Nicolaus Upgrades Rex Energy Corporation (REXX)'s stock to Hold with no specific Price Target. The reverse stock split will not modify any rights or preferences of the company's common stock.

Raptors, Spurs advance to second round of National Basketball Association playoffs
After the brief scare from the Bucks, the Raptors are now off to round two where they will face the Cleveland Cavaliers. The win gave the Raptors their first Game 6 win since 2001 and a matchup with the Cavaliers in the second round.

Hedge funds have recently made changes to their positions in the stock. L P purchased a new stake in Rex Energy during the fourth quarter worth approximately $671,000. LS Investment Advisors LLC boosted its stake in PDC Energy by 2.2% in the third quarter.

Over the past five trading sessions shares of Western Digital Corporation (NASDAQ:WDC) are 1.85%; 9.7% for the month; 15.36% for the last quarter; 66.56% for the past six-months; and 145.98% for the last 12 months. Israel Discount Bank of New York GFN purchased a new stake in PDC Energy during the fourth quarter valued at $120,000. LS Investment Advisors LLC now owns 1,698 shares of the energy producer's stock worth $114,000 after buying an additional 37 shares in the last quarter. Norges Bank purchased a new stake in Rex Energy during the fourth quarter worth approximately $634,000.

Pdc Energy Inc now has $3.64 billion valuation. The Company produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids (NGLs) with operations in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio.

Tebow re-ups with ESPN to be analyst for SEC Network
The 2007 Heisman Trophy-winning quarterback is now playing minor league baseball in the New York Mets organization. ESPN has announced a multiyear agreement with Tim Tebow, who will continue as an analyst on the SEC Network .


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