Analysts Offer Predictions for Rex Energy Co.’s Q2 2017 Earnings (REXX)
Rex Energy Co. (NASDAQ:REXX) – Research analysts at KeyCorp lifted their Q2 2017 earnings per share (EPS) estimates for Rex Energy in a report released on Sunday. KeyCorp analyst D. Deckelbaum now forecasts that the oil and gas exploration company will earn ($1.07) per share for the quarter, up from their previous estimate of ($1.09). KeyCorp also issued estimates for Rex Energy’s Q3 2017 earnings at ($0.81) EPS, Q4 2017 earnings at ($0.67) EPS, FY2017 earnings at ($3.12) EPS, Q1 2018 earnings at ($0.47) EPS, Q2 2018 earnings at ($0.66) EPS, Q3 2018 earnings at ($0.76) EPS, Q4 2018 earnings at ($0.67) EPS and FY2018 earnings at ($2.54) EPS.
Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Rex Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. S&P Equity Research raised their target price on Rex Energy from $3.92 to $4.71 in a research report on Monday, May 15th. Finally, KLR Group raised their target price on Rex Energy from $10.00 to $15.00 and gave the stock a “hold” rating in a research report on Friday, March 17th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.98.
Shares of Rex Energy (NASDAQ:REXX) opened at 3.57 on Wednesday. Rex Energy has a 12 month low of $2.30 and a 12 month high of $9.84. The firm’s market capitalization is $34.87 million. The firm has a 50-day moving average price of $1.09 and a 200 day moving average price of $0.68.
Rex Energy (NASDAQ:REXX) last issued its earnings results on Tuesday, May 9th. The oil and gas exploration company reported ($0.60) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.80) by $0.20. Rex Energy had a negative return on equity of 45.99% and a negative net margin of 159.09%. The firm had revenue of $52.07 million for the quarter, compared to analyst estimates of $48.32 million. During the same period last year, the company earned ($2.30) earnings per share. The firm’s revenue for the quarter was up 102.7% on a year-over-year basis.
Several institutional investors have recently bought and sold shares of REXX. KBC Group NV increased its position in Rex Energy 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. Primecap Management Co. CA increased its position in Rex Energy 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. Geode Capital Management LLC increased its position in Rex Energy by 57.3% in the first quarter. Geode Capital Management LLC now owns 504,613 shares of the oil and gas exploration company’s stock valued at $236,000 after buying an additional 183,911 shares during the period. Zacks Investment Management bought a new position in Rex Energy during the third quarter valued at approximately $135,000. Finally, Bank of America Corp DE increased its position in Rex Energy 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 valued at $158,000 after buying an additional 335,102 shares during the period. Institutional investors and hedge funds own 26.40% of the company’s stock.
Rex Energy Company Profile
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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