Rex Energy Corporation (REXX) Earning Somewhat Favorable Media Coverage, Report Shows
News articles about Rex Energy Corporation (NASDAQ:REXX) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rex Energy Corporation earned a news impact score of 0.17 on Accern’s scale. Accern also assigned news headlines about the oil and gas exploration company an impact score of 46.8171532433757 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Rex Energy Corporation (NASDAQ REXX) traded down $0.08 during trading on Tuesday, reaching $2.08. The company’s stock had a trading volume of 170,179 shares, compared to its average volume of 154,359. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 213.77. Rex Energy Corporation has a twelve month low of $1.70 and a twelve month high of $9.80.
Rex Energy Corporation (NASDAQ:REXX) last posted its quarterly earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.02) by $0.04. The business had revenue of $47.50 million for the quarter, compared to the consensus estimate of $48.49 million. Rex Energy Corporation had a negative return on equity of 140.84% and a negative net margin of 37.94%. The company’s quarterly revenue was up 51.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.07) EPS. research analysts forecast that Rex Energy Corporation will post -2.57 earnings per share for the current year.
Several analysts have weighed in on REXX shares. Zacks Investment Research upgraded Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Wednesday, October 25th. Royal Bank Of Canada reiterated a “buy” rating and set a $4.00 price target on shares of Rex Energy Corporation in a research note on Thursday, July 20th. Finally, Northland Securities set a $4.00 price target on Rex Energy Corporation and gave the company a “hold” rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $5.74.
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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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