Rex Energy Corporation (REXX) Expected to Announce Earnings of -$1.16 Per Share
Equities research analysts expect that Rex Energy Corporation (NASDAQ:REXX) will report earnings per share of ($1.16) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Rex Energy Corporation’s earnings, with the lowest EPS estimate coming in at ($1.43) and the highest estimate coming in at ($0.86). Rex Energy Corporation reported earnings of ($1.40) per share in the same quarter last year, which suggests a positive year over year growth rate of 17.1%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Rex Energy Corporation will report full year earnings of ($3.38) per share for the current financial year, with EPS estimates ranging from ($3.98) to ($2.52). For the next financial year, analysts expect that the company will post earnings of ($2.66) per share, with EPS estimates ranging from ($3.94) to ($0.80). Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Rex Energy Corporation.
Rex Energy Corporation (NASDAQ:REXX) last issued its quarterly earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.02) by $0.04. Rex Energy Corporation had a negative return on equity of 140.84% and a negative net margin of 37.94%. The firm had revenue of $47.50 million during the quarter, compared to the consensus estimate of $48.49 million. During the same period last year, the company earned ($0.07) earnings per share. The company’s revenue for the quarter was up 51.8% on a year-over-year basis.
Several research analysts have recently issued reports on REXX shares. Zacks Investment Research raised Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Friday, August 18th. Royal Bank Of Canada reissued a “buy” rating and issued 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 stock a “hold” rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Rex Energy Corporation presently has a consensus rating of “Hold” and a consensus target price of $5.84.
Several large investors have recently added to or reduced their stakes in REXX. Bank of America Corp DE grew its stake 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 worth $158,000 after purchasing an additional 335,102 shares in the last quarter. Primecap Management Co. CA lifted its holdings 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 during the period. Spark Investment Management LLC acquired a new stake in shares of Rex Energy Corporation in the second quarter valued at $194,000. Finally, KBC Group NV lifted its holdings 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 during the period. 14.72% of the stock is owned by institutional investors.
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Shares of Rex Energy Corporation (NASDAQ REXX) traded up 1.97% during midday trading on Thursday, hitting $2.59. The company had a trading volume of 53,298 shares. The company’s market cap is $25.04 million. Rex Energy Corporation has a 12 month low of $2.10 and a 12 month high of $9.80. The stock’s 50-day moving average price is $2.35 and its 200-day moving average price is $2.13.
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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