Rex Energy Corporation (REXX) Posts Quarterly Earnings Results, Beats Expectations By $0.18 EPS
Rex Energy Corporation (NASDAQ:REXX) issued its earnings results on Tuesday. The oil and gas exploration company reported ($1.00) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.18) by $0.18, Bloomberg Earnings reports. The business had revenue of $48.00 million for the quarter, compared to the consensus estimate of $46.64 million. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The business’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.14) earnings per share.
Shares of Rex Energy Corporation (NASDAQ REXX) traded up $0.12 during trading hours on Tuesday, hitting $2.28. 211,200 shares of the stock traded hands, compared to its average volume of 152,443. 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 1-year low of $1.70 and a 1-year high of $9.80.
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REXX has been the topic of several analyst reports. Zacks Investment Research downgraded shares of Rex Energy Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $3.00 target price on shares of Rex Energy Corporation in a report on Thursday, November 9th. Finally, Northland Securities set a $4.00 target price on shares of Rex Energy Corporation and gave the company a “hold” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.74.
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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