Stock Update (NASDAQ:REXX): Rex Energy Corporation Declares Dividend on Series A Preferred Depository Shares
Rex Energy Corporation (NASDAQ:REXX) announced that the Board of Directors of Rex Energy Corporation has declared a quarterly cash dividend of $150.00 per share on its 6.0% Series A convertible perpetual preferred stock. As a result, on November 15, 2015, a dividend of $1.50 per depository share, each representing a 1/100th interest in a share of Series A convertible perpetual preferred stock will be paid to holders of record at the close of business on November 1, 2015. (Original Source)
Shares of Rex Energy Corp opened today at $2.58 and are currently trading up at $2.68. REXX has a 1-year high of $9.40 and a 1-year low of $1.85. The stock’s 50-day moving average is $2.63 and its 200-day moving average is $3.81.
On the ratings front, Rex Energy has been the subject of a number of recent research reports. In a report issued on August 17, Imperial analyst Kim Pacanovsky reiterated a Buy rating on REXX, with a price target of $4.25, which represents a potential upside of 64.7% from where the stock is currently trading. Separately, on July 30, Northland Securities’ Reed Anderson reiterated a Buy rating on the stock and has a price target of $5.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Kim Pacanovsky and Reed Anderson have a total average return of -38.7% and 0.4% respectively. Pacanovsky has a success rate of 19.0% and is ranked #3790 out of 3793 analysts, while Anderson has a success rate of 44.2% and is ranked #2271.
Rex Energy Corp is an independent energy company. The Company is engaged in acquisition, production, exploration and development of oil and gas with properties concentrated in the Appalachian and Illinois regions.