Global Hunter Securities Starts REX Energy (REXX) at Buy; Positioned for Growth
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Price: $0.53 --0%
Rating Summary:
4 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Rating Summary:
4 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
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Global Hunter Securities initiates coverage on REX Energy (NASDAQ: REXX) with a Buy. PT $23.00.
Global analyst says, "Rex Energy has emerged as a well positioned Appalachia player with a highly economic Marcellus growth engine driven by its operated Butler County acreage and supported by its Westmoreland, Clearfield and Centre County acreage. Further, Rex has begun to de-risk its Utica position in Butler County as the industry de-risks its Carroll County, Ohio acreage. The third leg on the stool appears to be an evolving ASP flood in Illinois that could generate solid long life oil reserves to complement REXX’s gassier assets."
For an analyst ratings summary and ratings history on REX Energy click here. For more ratings news on REX Energy click here.
Shares of REX Energy closed at $16.44 yesterday.
Global analyst says, "Rex Energy has emerged as a well positioned Appalachia player with a highly economic Marcellus growth engine driven by its operated Butler County acreage and supported by its Westmoreland, Clearfield and Centre County acreage. Further, Rex has begun to de-risk its Utica position in Butler County as the industry de-risks its Carroll County, Ohio acreage. The third leg on the stool appears to be an evolving ASP flood in Illinois that could generate solid long life oil reserves to complement REXX’s gassier assets."
For an analyst ratings summary and ratings history on REX Energy click here. For more ratings news on REX Energy click here.
Shares of REX Energy closed at $16.44 yesterday.
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