Rex Energy Corporation (REXX) Getting Somewhat Favorable Press Coverage, Study Finds
Headlines about Rex Energy Corporation (NASDAQ:REXX) have been trending somewhat positive on Tuesday, Accern reports. Accern ranks the sentiment of 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 negative one to one, with scores nearest to one being the most favorable. Rex Energy Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave headlines about the oil and gas exploration company an impact score of 46.5824688266194 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern’s analysis:
- Equities Analysts Offer Predictions for Rex Energy Corporation’s Q3 2017 Earnings (NASDAQ:REXX) (americanbankingnews.com)
- Zacks: Analysts Expect Rex Energy Corporation (NASDAQ:REXX) Will Announce Earnings of -$0.93 Per Share (americanbankingnews.com)
- Rex Energy : reports 2Q loss (4-traders.com)
- Rex Energy’s (REXX) CEO Tom Stabley on Q2 2017 Results – Earnings Call Transcript (seekingalpha.com)
- Edited Transcript of REXX earnings conference call or presentation 9-Aug-17 2:00pm GMT (finance.yahoo.com)
Rex Energy Corporation (NASDAQ:REXX) opened at 2.61 on Tuesday. The firm’s market cap is $25.10 million. Rex Energy Corporation has a 52-week low of $2.30 and a 52-week high of $9.80. The firm’s 50-day moving average price is $2.86 and its 200-day moving average price is $1.69.
Rex Energy Corporation (NASDAQ:REXX) last released its quarterly earnings data on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.02) by $0.04. The firm had revenue of $47.50 million during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share. Equities research analysts expect that Rex Energy Corporation will post ($3.43) EPS for the current year.
REXX has been the subject of a number of research reports. S&P Equity Research lowered their target price on Rex Energy Corporation from $5.00 to $4.00 in a research note on Monday, May 1st. ValuEngine cut Rex Energy Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $4.00 target price on shares of Rex Energy Corporation in a research note on Thursday, July 20th. Finally, Northland Securities set a $4.00 target price on Rex Energy Corporation and gave the stock a “hold” rating in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $6.58.
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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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