Analysts Expect Rex Energy Corporation (REXX) Will Announce Earnings of -$0.81 Per Share

Equities research analysts expect Rex Energy Corporation (NASDAQ:REXX) to post ($0.81) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Rex Energy’s earnings, with estimates ranging from ($1.39) to ($0.34). Rex Energy reported earnings per share of ($0.80) in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.3%. The firm is expected to report its next quarterly earnings results on Tuesday, March 6th.

On average, analysts expect that Rex Energy will report full year earnings of ($3.29) per share for the current year, with EPS estimates ranging from ($3.73) to ($2.84). For the next financial year, analysts anticipate that the company will post earnings of ($2.22) per share, with EPS estimates ranging from ($3.42) to ($0.80). Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Rex Energy.

Rex Energy (NASDAQ:REXX) last announced its quarterly earnings results on Tuesday, November 14th. The oil and gas exploration company reported ($1.00) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.18) by $0.18. Rex Energy had a negative net margin of 61.80% and a negative return on equity of 140.84%. The company had revenue of $48.00 million during the quarter, compared to the consensus estimate of $46.64 million. During the same quarter in the previous year, the company posted ($0.14) earnings per share. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year.

REXX has been the subject of several research analyst reports. Royal Bank Of Canada downgraded shares of Rex Energy from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $4.00 to $3.00 in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Rex Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Northland Securities set a $4.00 price objective on shares of Rex Energy and gave the stock a “hold” rating in a report on Monday, August 21st. SunTrust Banks set a $2.00 price objective on shares of Rex Energy and gave the stock a “hold” rating in a report on Thursday, November 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Rex Energy in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. Rex Energy has a consensus rating of “Hold” and a consensus target price of $5.12.

A hedge fund recently raised its stake in Rex Energy stock. Bank of America Corp DE increased its stake in Rex Energy Corporation (NASDAQ:REXX) by 30,715.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 336,193 shares of the oil and gas exploration company’s stock after purchasing an additional 335,102 shares during the quarter. Bank of America Corp DE owned about 0.35% of Rex Energy worth $158,000 at the end of the most recent quarter. 12.82% of the stock is owned by institutional investors and hedge funds.

Shares of Rex Energy (NASDAQ:REXX) traded down $0.01 on Friday, hitting $1.83. 228,701 shares of the stock traded hands, compared to its average volume of 183,627. Rex Energy has a 52 week low of $1.70 and a 52 week high of $9.80. The company has a debt-to-equity ratio of -18.86, a current ratio of 0.36 and a quick ratio of 0.33.

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About Rex Energy

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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Earnings History and Estimates for Rex Energy (NASDAQ:REXX)

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