Can Rex Energy Corp. (NASDAQ:REXX)’s tomorrow be different?


Shares of Rex Energy Corporation (NASDAQ:REXX) are currently poised at 1.98% from the open today and are trading at $4.13. More than 227,339 shares have exchanged hands compared to an average trading volume of 1.25M. At the current pps, the market cap stands at $402.01M. The stock prices of Rex Energy Corporation (NASDAQ:REXX) are currently trading at -12.31% below its 52 week high and 1695.65% above its 52 week low.

Rex Energy Corporation (NASDAQ:REXX) has been in the news for all the right reasons. Recently, Rex Energy Corporation (NASDAQ:REXX) announced its first quarter 2017 financial and operational results.

Rex Energy Corporation (NASDAQ:REXX) is all set to announce its earnings on May 09/a. As per Zack’s analyst ratings, Rex Energy Corporation (NASDAQ:REXX) currently has an average brokerage rating of 3. On a scale of 1 to 5, a rating of 1 or 2 would indicate a buy, and a rating of 4 or 5 would signify a sell recommendation. A rating of 3 would indicate a hold on the stock. The consensus target price on (NASDAQ:REXX) is $0.75 with a high of $1 and a low of $0.5.

Let’s take a look at the technical analysis.

The Barchart Technical Opinion rating is a 8% Sell with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Weak. Long term indicators fully support a continuation of the trend.

The Exponential Moving Average (EMA) is similar to a simple moving average (average price over a set period) but it utilizes a weighting factor that exponentially declines from the most recent data point (recent prices are weighted higher than oil prices). EMA analysis compares the short term (5 days and 13 days), intermediate term (20 days) and long term (50 days) EMA’s. The respective EMA’s will give bullish signals when trading above trailing EMA’s and below the current price and vice versa. EMA alerts include crossovers (i.e the 5 day EMA crosses above/below the 20 day EMA) and EMA convergencies (5 day EMA equivalent to 13 day EMA). The long term and short term EMA’s of 1.66 and 0.60 are lower than the current trading price suggesting a bullish pattern in both short term as well as long term.

The relative strength index (RSI) is a momentum oscillator that is able to measure the velocity and magnitude of stock price changes. Momentum is calculated as the ratio of positive price changes to negative price changes. The RSI analysis compares the current RSI against neutral(50), oversold (30) and overbought (70) conditions. Alerts will inform you when stocks recede from oversold/overbought levels or breakthrough neutral (50). The current RSI is 95.87 suggesting a bullish price action.

As such, while we believe Rex Energy Corporation (NASDAQ:REXX) represents a compelling growth story exposed to several secularly attractive markets, it would be interesting to see how it fairs for long-term investors.

Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties.

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