-$1.15 Earnings Per Share Expected for Rex Energy Corporation (REXX) This Quarter
Analysts forecast that Rex Energy Corporation (NASDAQ:REXX) will announce earnings per share of ($1.15) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Rex Energy Corporation’s earnings, with the lowest EPS estimate coming in at ($1.43) and the highest estimate coming in at ($0.74). Rex Energy Corporation posted earnings per share of ($1.40) in the same quarter last year, which would indicate a positive year over year growth rate of 17.9%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, November 14th.
According to Zacks, analysts expect that Rex Energy Corporation will report full-year earnings of ($3.37) per share for the current financial year, with EPS estimates ranging from ($3.98) to ($2.41). For the next financial year, analysts expect that the company will report earnings of ($2.66) per share, with EPS estimates ranging from ($3.96) to ($0.79). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Rex Energy Corporation.
Rex Energy Corporation (NASDAQ:REXX) last released its earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) EPS for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.04. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The firm had revenue of $47.50 million during the quarter, compared to analyst estimates of $48.49 million. During the same quarter in the previous year, the business earned ($0.07) EPS. The business’s quarterly revenue was up 51.8% compared to the same quarter last year.
Several equities analysts have recently issued reports on REXX shares. Zacks Investment Research raised shares of Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target for the company in a research note on Friday, August 18th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $4.00 price target on shares of Rex Energy Corporation in a research note on Thursday, July 20th. Finally, Northland Securities set a $4.00 price target on shares of Rex Energy Corporation and gave the company a “hold” rating in a research note on Monday, August 21st. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $5.84.
Rex Energy Corporation (REXX) traded up 0.53% during mid-day trading on Tuesday, reaching $1.88. 62,211 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $2.31 and a 200-day moving average of $2.32. Rex Energy Corporation has a 12 month low of $1.85 and a 12 month high of $9.80. The firm’s market cap is $18.17 million.
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A number of hedge funds and other institutional investors have recently made changes to their positions in REXX. Bank of America Corp DE raised its stake in Rex Energy Corporation by 30,715.1% during the first quarter. Bank of America Corp DE now owns 336,193 shares of the oil and gas exploration company’s stock worth $158,000 after buying an additional 335,102 shares during the last quarter. Spark Investment Management LLC bought a new position in Rex Energy Corporation during the second quarter worth $194,000. Finally, KBC Group NV raised its stake in Rex Energy Corporation by 19.0% during the first quarter. KBC Group NV now owns 417,214 shares of the oil and gas exploration company’s stock worth $196,000 after buying an additional 66,559 shares during the last quarter. 14.67% of the stock is owned by institutional investors and hedge funds.
Rex Energy Corporation 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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