Rex Energy (REXX) to Release Earnings on Monday
Rex Energy (NASDAQ:REXX) will release its earnings data after the market closes on Monday, March 5th. Analysts expect Rex Energy to post earnings of ($0.88) per share for the quarter.
Shares of Rex Energy (NASDAQ REXX) opened at $0.91 on Friday. The firm has a market capitalization of $9.46, a P/E ratio of -0.07 and a beta of 2.12. Rex Energy has a 1 year low of $0.85 and a 1 year high of $6.90. The company has a debt-to-equity ratio of -18.86, a current ratio of 0.36 and a quick ratio of 0.33.
A number of brokerages have recently weighed in on REXX. Zacks Investment Research upgraded Rex Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Northland Securities set a $2.00 price objective on Rex Energy and gave the stock a “hold” rating in a research report on Monday, December 11th. SunTrust Banks set a $2.00 price objective on Rex Energy and gave the stock a “hold” rating in a research report on Thursday, November 16th. KeyCorp reiterated a “hold” rating on shares of Rex Energy in a research report on Monday, November 13th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $3.00 price objective on shares of Rex Energy in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.79.
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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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