Rex Energy Corporation (REXX) saw a big move last session, as the company’s shares fell by around 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $14.27 to $15.40 in the past one-month time frame.
This independent energy company has seen a flat track record when it comes to current year estimate revisions over the past few weeks and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.
REXX currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Oil-US Exploration & Production industry include Northern Oil and Gas, Inc. (NOG), WPX Energy, Inc. (WPX) and Black Ridge Oil & Gas, Inc (ANFC). While Northern Oil and Gas and WPX Energy hold a Zacks Rank #1 (Strong Buy), Black Ridge Oil holds a Zacks Rank#2 (Buy).
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