New Relic (NEWR) Reaches $47.98 High on Jul, 17, Rex Energy (REXX) Sellers Decreased By 12.15% Their Shorts

July 17, 2017 - By Richard Conner

Rex Energy Corporation (NASDAQ:REXX) had a decrease of 12.15% in short interest. REXX’s SI was 775,500 shares in July as released by FINRA. Its down 12.15% from 882,800 shares previously. With 203,300 avg volume, 4 days are for Rex Energy Corporation (NASDAQ:REXX)’s short sellers to cover REXX’s short positions. About 26,227 shares traded. Rex Energy Corporation (NASDAQ:REXX) has declined 36.38% since July 17, 2016 and is downtrending. It has underperformed by 53.08% the S&P500.

The stock of New Relic Inc (NYSE:NEWR) reached all time high today, Jul, 17 and still has $51.82 target or 8.00% above today’s $47.98 share price. This indicates more upside for the $2.68B company. This technical setup was reported by Barchart.com. If the $51.82 PT is reached, the company will be worth $214.40M more. About 192,738 shares traded. New Relic Inc (NYSE:NEWR) has risen 65.48% since July 17, 2016 and is uptrending. It has outperformed by 48.78% the S&P500.

Rex Energy Corporation is an independent oil, natural gas liquid and natural gas company. The company has market cap of $29.31 million. The Firm has activities in the Appalachian Basin and Illinois Basin. It currently has negative earnings. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities.

Since May 17, 2017, it had 1 buying transaction, and 0 insider sales for $19,981 activity. Shares for $19,981 were bought by Rajan Thomas.

Among 7 analysts covering Rex Energy (NASDAQ:REXX), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Rex Energy had 17 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Credit Suisse on Wednesday, July 22. The stock of Rex Energy Corporation (NASDAQ:REXX) earned “In-Line” rating by Imperial Capital on Monday, November 23. As per Thursday, September 29, the company rating was upgraded by Stifel Nicolaus. KeyBanc Capital Markets downgraded the shares of REXX in report on Tuesday, December 22 to “Sector Weight” rating. Imperial Capital maintained Rex Energy Corporation (NASDAQ:REXX) on Tuesday, August 4 with “Outperform” rating. The company was downgraded on Wednesday, November 11 by Northland Capital. The firm earned “Sell” rating on Tuesday, December 1 by Stifel Nicolaus. The stock has “Hold” rating by KLR Group on Tuesday, January 19. Northland Capital maintained Rex Energy Corporation (NASDAQ:REXX) rating on Thursday, July 30. Northland Capital has “Outperform” rating and $5 target.

Investors sentiment decreased to 0.68 in 2016 Q4. Its down 0.39, from 1.07 in 2016Q3. It fall, as 12 investors sold Rex Energy Corporation shares while 19 reduced holdings. 9 funds opened positions while 12 raised stakes. 19.96 million shares or 25.13% less from 26.66 million shares in 2016Q3 were reported. Blackrock Advisors Lc holds 39,593 shares or 0% of its portfolio. Morgan Stanley reported 83,942 shares. 12,000 are held by Jpmorgan Chase Company. Goldman Sachs Grp Incorporated holds 138,260 shares. Emerald Advisers Pa, Pennsylvania-based fund reported 126,310 shares. Geode Mngmt Limited Liability Company holds 320,702 shares or 0% of its portfolio. Hightower Advisors Lc holds 0% or 165,000 shares in its portfolio. 45,000 were reported by Symphony Asset Mngmt Lc. Ep Wealth Advsr, California-based fund reported 40,000 shares. Capstone Fincl Advisors stated it has 10,000 shares. The New York-based Mackay Shields Ltd Liability has invested 0.06% in Rex Energy Corporation (NASDAQ:REXX). Kistler has 0% invested in Rex Energy Corporation (NASDAQ:REXX). The Massachusetts-based Loomis Sayles & L P has invested 0% in Rex Energy Corporation (NASDAQ:REXX). Lpl Fincl Ltd has 0% invested in Rex Energy Corporation (NASDAQ:REXX) for 282,650 shares. Synovus Corporation invested 0% in Rex Energy Corporation (NASDAQ:REXX).

Analysts await New Relic Inc (NYSE:NEWR) to report earnings on August, 3 after the close. They expect $-0.28 EPS, up 17.65% or $0.06 from last year’s $-0.34 per share. After $-0.26 actual EPS reported by New Relic Inc for the previous quarter, Wall Street now forecasts 7.69% negative EPS growth.

Among 11 analysts covering New Relic Inc (NYSE:NEWR), 11 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. New Relic Inc has $55 highest and $30 lowest target. $43.91’s average target is -8.48% below currents $47.98 stock price. New Relic Inc had 19 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Morgan Stanley given on Thursday, September 10. The stock of New Relic Inc (NYSE:NEWR) earned “Buy” rating by Guggenheim on Friday, November 18. The firm earned “Buy” rating on Wednesday, August 12 by DA Davidson. The firm has “Overweight” rating given on Wednesday, September 9 by First Analysis. Needham initiated New Relic Inc (NYSE:NEWR) on Tuesday, November 17 with “Buy” rating. The firm has “Outperform” rating by Oppenheimer given on Thursday, September 10. The company was initiated on Monday, September 21 by Pacific Crest. The firm has “Neutral” rating by Goldman Sachs given on Friday, December 11. The firm has “Buy” rating by Guggenheim given on Tuesday, December 15. The firm has “Outperform” rating by Cowen & Co given on Friday, June 24.

New Relic, Inc. is a provider of enterprise software. The company has market cap of $2.68 billion. The Company’s cloud platform and range of products enable organizations to collect, store and analyze software data in real time. It currently has negative earnings. The Company’s New Relic Software Analytics Cloud consists of an integrated suite of products, a data database and an open platform.

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