Rex Energy (NASDAQ:REXX) is a compounding machine. With rapidly increasing revenue, production, and proven reserves, some investors might think Rex is an easy buy. But can the current price of $16.25 per share be justified? Read on to find out.
Rex Energy is an independent oil and gas company with operations located in the northeast region of the United States. The company mainly operates in two locations: the Appalachian Basin (where Rex is focused on natural gas and natural gas liquids production) and the Illinois Basin (where Rex is focused on conventional oil well production).
As shown by the graphic below, most of Rex's focus is in the Appalachian Basin which is located in eastern Ohio...
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