Analysts Anticipate Rex Energy Corporation (REXX) to Announce -$0.93 Earnings Per Share
Wall Street brokerages expect Rex Energy Corporation (NASDAQ:REXX) to announce earnings of ($0.93) per share for the current quarter, Zacks reports. Four analysts have made estimates for Rex Energy Corporation’s earnings. The highest EPS estimate is ($0.69) and the lowest is ($1.22). Rex Energy Corporation reported earnings of ($1.50) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 38%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Rex Energy Corporation will report full year earnings of ($3.36) per share for the current year, with EPS estimates ranging from ($4.20) to ($2.90). For the next financial year, analysts forecast that the company will post earnings of ($2.44) per share, with EPS estimates ranging from ($3.99) to ($1.18). Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Rex Energy Corporation.
Rex Energy Corporation (NASDAQ:REXX) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) earnings per share for the quarter, topping the consensus estimate of ($1.02) by $0.04. The company had revenue of $47.50 million for the quarter, compared to analyst estimates of $48.49 million. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. Rex Energy Corporation’s revenue for the quarter was up 51.8% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS.
Several equities analysts have recently weighed in on REXX shares. Northland Securities set a $4.00 target price on shares of Rex Energy Corporation and gave the stock a “hold” rating in a research note on Monday, July 17th. ValuEngine downgraded shares of Rex Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $4.00 target price on shares of Rex Energy Corporation in a research note on Thursday, July 20th. Finally, S&P Equity Research reduced their target price on shares of Rex Energy Corporation from $5.00 to $4.00 in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $6.58.
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Rex Energy Corporation (REXX) traded up 1.50% on Friday, hitting $2.70. 15,145 shares of the stock traded hands. Rex Energy Corporation has a 52 week low of $0.23 and a 52 week high of $4.71. The stock has a 50 day moving average of $2.87 and a 200 day moving average of $1.65. The firm’s market capitalization is $26.87 million.
Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Rex Energy Corporation during the fourth quarter valued at approximately $634,000. KBC Group NV boosted its position in shares of Rex Energy Corporation by 19.0% in the first quarter. KBC Group NV now owns 417,214 shares of the oil and gas exploration company’s stock valued at $196,000 after buying an additional 66,559 shares in the last quarter. Primecap Management Co. CA boosted its position in shares of Rex Energy Corporation by 4.6% in the first quarter. Primecap Management Co. CA now owns 3,425,000 shares of the oil and gas exploration company’s stock valued at $1,608,000 after buying an additional 150,000 shares in the last quarter. Spark Investment Management LLC purchased a new position in shares of Rex Energy Corporation during the second quarter valued at approximately $194,000. Finally, Bank of America Corp DE boosted its position in shares of Rex Energy Corporation by 30,715.1% in the first quarter. Bank of America Corp DE now owns 336,193 shares of the oil and gas exploration company’s stock valued at $158,000 after buying an additional 335,102 shares in the last quarter.
About Rex Energy Corporation
Rex Energy Corporation is an independent oil, natural gas liquid (NGL) and natural gas company. The Company has operations in the Appalachian Basin and Illinois Basin. In the Appalachian Basin, the Company is focused on its Marcellus Shale, Utica Shale and Upper Devonian (Burkett) Shale drilling and exploration activities.
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