Rex Energy (REXX) Investors: RBC Capital Reconfirms Buy Rating, Sees $4.0000/Share; Snow Capital Management LP Has Trimmed Black Box (BBOX) Position

July 20, 2017 - By Kurt Siggers

Among 7 analysts covering Rex Energy (NASDAQ:REXX), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Rex Energy has $5 highest and $0.50 lowest target. $2.45’s average target is -16.10% below currents $2.92 stock price. Rex Energy had 18 analyst reports since July 21, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded Rex Energy Corporation (NASDAQ:REXX) on Tuesday, December 1 to “Sell” rating. The stock has “Hold” rating by KLR Group on Tuesday, January 19. The company was downgraded on Wednesday, November 11 by Northland Capital. The firm earned “Sector Weight” rating on Tuesday, December 22 by KeyBanc Capital Markets. The stock has “Outperform” rating by Imperial Capital on Tuesday, August 4. The stock of Rex Energy Corporation (NASDAQ:REXX) earned “Hold” rating by Northland Capital on Monday, July 17. The stock of Rex Energy Corporation (NASDAQ:REXX) earned “Outperform” rating by Northland Capital on Thursday, July 30. Stifel Nicolaus upgraded Rex Energy Corporation (NASDAQ:REXX) rating on Thursday, September 29. Stifel Nicolaus has “Hold” rating and $0.52 target. The rating was downgraded by Imperial Capital on Monday, November 23 to “In-Line”. Credit Suisse downgraded the stock to “Underperform” rating in Wednesday, July 22 report.

Snow Capital Management Lp decreased Black Box Corp (BBOX) stake by 21.71% reported in 2016Q4 SEC filing. Snow Capital Management Lp sold 75,038 shares as Black Box Corp (BBOX)’s stock declined 8.81%. The Snow Capital Management Lp holds 270,667 shares with $4.13M value, down from 345,705 last quarter. Black Box Corp now has $123.55 million valuation. The stock declined 0.31% or $0.02 reaching $8.12 per share. About 61,792 shares traded. Black Box Corporation (NASDAQ:BBOX) has declined 25.68% since July 20, 2016 and is downtrending. It has underperformed by 42.38% the S&P500.

Investors sentiment decreased to 1.4 in Q4 2016. Its down 0.01, from 1.41 in 2016Q3. It worsened, as 8 investors sold BBOX shares while 34 reduced holdings. 19 funds opened positions while 40 raised stakes. 14.24 million shares or 2.46% more from 13.89 million shares in 2016Q3 were reported. Ohio-based Strs Ohio has invested 0% in Black Box Corporation (NASDAQ:BBOX). Axa invested 0% in Black Box Corporation (NASDAQ:BBOX). Acadian Asset Management Limited Company holds 0.01% of its portfolio in Black Box Corporation (NASDAQ:BBOX) for 104,293 shares. Schwab Charles Invest Management owns 83,652 shares. State Street Corporation holds 0% or 369,852 shares. Invesco holds 286,088 shares or 0% of its portfolio. The North Carolina-based Fincl Bank Of America De has invested 0% in Black Box Corporation (NASDAQ:BBOX). Bancorporation Of Montreal Can holds 0% of its portfolio in Black Box Corporation (NASDAQ:BBOX) for 751 shares. Blackrock accumulated 20,131 shares. Colorado-based Amg Trust Savings Bank has invested 0.04% in Black Box Corporation (NASDAQ:BBOX). Ajo Limited Partnership has invested 0.02% in Black Box Corporation (NASDAQ:BBOX). Nationwide Fund Advisors holds 13,130 shares or 0% of its portfolio. Panagora Asset owns 99,456 shares for 0.01% of their portfolio. Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Black Box Corporation (NASDAQ:BBOX). Northern holds 0% of its portfolio in Black Box Corporation (NASDAQ:BBOX) for 276,690 shares.

Snow Capital Management Lp increased Exelon Corp (NYSE:EXC) stake by 24,287 shares to 103,884 valued at $3.69 million in 2016Q4. It also upped Zebra Technologies Crp A (NASDAQ:ZBRA) stake by 51,070 shares and now owns 660,049 shares. United States Steel Corp (NYSE:X) was raised too.

Analysts await Rex Energy Corporation (NASDAQ:REXX) to report earnings on August, 1. They expect $-1.00 earnings per share, down 25.00% or $0.20 from last year’s $-0.8 per share. After $-0.60 actual earnings per share reported by Rex Energy Corporation for the previous quarter, Wall Street now forecasts 66.67% negative EPS growth.

Rex Energy Corporation is an independent oil, natural gas liquid and natural gas company. The company has market cap of $29.90 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 insider buy, and 0 insider sales for $19,981 activity. Rajan Thomas bought 5,000 shares worth $19,981.