NEW YORK ( TheStreet) -- Shares of Rex Energy Corporation (Nasdaq: REXX) were gapping up Wednesday morning with an open price 11% higher than Tuesday's closing price. The stock closed at $14.23 Tuesday and opened today's trading at $15.80.

The average volume for Rex Energy has been 1.1 million shares per day over the past 30 days. Rex Energy has a market cap of $625.1 million and is part of the basic materials sector and energy industry. Shares are up 4.2% year to date as of the close of trading on Tuesday.

Rex Energy Corporation operates as an independent oil and gas company in the Appalachian, Illinois, and Denver-Julesburg Basins.

TheStreet Ratings rates Rex Energy as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company's return on equity has been disappointing. You can view the full Rex Energy Ratings Report.

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