349K shares changed hands on Tuesday. Shares saw a steep increase in trading volume of 129.91% over the normal average daily volume.
Investors are feeling more bullish on shares of the company lately if you evaluate the motion in short interest. The firm realized a fall in short interest from September 29, 2017 to October 13, 2017 of -1.13%. Short interest decreased 6,451 over that timeframe. Days to cover increased from 3.0 to 6.0 and the percentage of shorted shares was 0.06% on October 13.
The following firms have recently changed their position in REXX. As of the end of the quarter Muhlenkamp & Co Inc had sold a total of 10,280 shares trimming its stake by 1.6%. The value of the investment in (REXX) went from $304,000 to $298,000 a change of $6,000 for the reporting period. As of quarter end Goldman Sachs Group Inc had acquired 66,171 shares growing its holdings by 47.9%. The value of the total investment in Rex Energy Corporati increased from $65,000 to $96,000 a change of 47.7% since the last quarter.
As of quarter end Tower Research Capital LLC (trc) had acquired a total of 544 shares growing its position 1.5%. The value in dollars went from $21,000 to $17,000 decreasing 19.0% quarter over quarter. Vantage Investment Advisors, LLC grew its stake by buying 4,361 shares an increase of 614.2%. Vantage Investment Advisors, LLC now holds 5,071 shares valued at $15,000. The total value of its holdings increased inf%.
On November 9 Royal Bank Of Canada kept the company rating at “Hold” targeting a price of $3.00.
On August 24, 2017 Royal Bank Of Canada updated coverage of REXX stating a rating of “Buy” and a price target of $4.00. Northland Securities released a research note on REXX and giving a rating of “Hold” and price target of $4.00.
The company is down by 6.93% since yesterday’s close of 2.45. The P/E ratio is currently N/A and the market cap is 22.69M. As of the last earnings report the EPS was $-13.31 with 9.94M shares currently outstanding.
Rex Energy Corporation, launched on March 8, 2007, 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. In the Illinois Basin, the Company is focused on its developmental oil drilling on its properties..