Rex Energy (REXX) Scheduled to Post Earnings on Tuesday
Rex Energy (NASDAQ:REXX) is scheduled to post its Q114 quarterly earnings results on Tuesday, April 29th. Analysts expect Rex Energy to post earnings of $0.12 per share and revenue of $75.13 million for the quarter.
Rex Energy (NASDAQ:REXX) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.31. The company had revenue of $72.10 million for the quarter, compared to the consensus estimate of $69.27 million. On average, analysts expect Rex Energy to post $0.66 EPS for the current fiscal year and $0.90 EPS for the next fiscal year.
Rex Energy (NASDAQ:REXX) opened at 20.86 on Monday. Rex Energy has a 1-year low of $14.93 and a 1-year high of $25.17. The stock has a 50-day moving average of $18.72 and a 200-day moving average of $19.38. The company’s market cap is $1.085 billion.
A number of analysts have recently weighed in on REXX shares. Analysts at KLR Group downgraded shares of Rex Energy from an “accumulate” rating to a “hold” rating in a research note on Monday, April 21st. On the ratings front, analysts at Global Hunter Securities upgraded shares of Rex Energy from a “neutral” rating to an “accumulate” rating in a research note on Friday, February 21st. They now have a $22.00 price target on the stock, down previously from $24.00. They noted that the move was a valuation call. Finally, analysts at Zacks upgraded shares of Rex Energy from an “underperform” rating to a “neutral” rating in a research note on Monday, February 17th. They now have a $18.60 price target on the stock. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Rex Energy presently has an average rating of “Buy” and an average price target of $23.06.
Rex Energy Corporation is an independent oil and gas company operating in the Appalachian Basin and Illinois Basin.
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