Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of independent oil and gas company Rex Energy (NASDAQ:REXX) fell 10% today, after being downgraded by an analyst.

So what: Yesterday, Rex Energy reported earnings that were slightly better than expected, but it wasn't enough for Global Hunter Securities to keep a buy rating on the stock. It lowered its rating to accumulate, and lowered its price target to $15.

Now what: I'm a little confused about what the difference between "buy" and "accumulate" is in Hunter's rating system, but I assume that it means, don't buy as much. The $15 price target is also nicely above today's price, and is 13% above yesterday's close -- not a bad gain if it reaches that price in a year. I wouldn't change anything about my investment thesis today, and would view this analyst-driven dip as a buying opportunity. After all, even Global Hunter Securities thinks you should buy the stock.

Interested in more info on Rex Energy? Add it to your watchlist by clicking here.

 

Fool contributor Travis Hoium has no positions in the stocks mentioned above. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw

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