Equities analysts forecast that Rex Energy Corporation (NASDAQ:REXX) will post $57.53 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Rex Energy’s earnings, with estimates ranging from $54.50 million to $60.20 million. Rex Energy posted sales of $48.03 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.8%. The company is expected to report its next quarterly earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that Rex Energy will report full year sales of $57.53 million for the current year, with estimates ranging from $199.80 million to $207.70 million. For the next fiscal year, analysts anticipate that the business will post sales of $283.52 million per share, with estimates ranging from $262.78 million to $299.20 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Rex Energy.
Rex Energy (NASDAQ:REXX) last posted its earnings results on Tuesday, November 14th. The oil and gas exploration company reported ($1.00) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.18. The firm had revenue of $48.00 million for the quarter, compared to analysts’ expectations of $46.64 million. Rex Energy had a negative net margin of 61.80% and a negative return on equity of 140.84%. The company’s revenue was up 41.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.14) earnings per share.
Shares of Rex Energy (REXX) opened at $1.83 on Monday. Rex Energy has a one year low of $1.70 and a one year high of $9.80. The company has a debt-to-equity ratio of -18.86, a quick ratio of 0.33 and a current ratio of 0.36.
A hedge fund recently bought a new stake in Rex Energy stock. Spark Investment Management LLC bought a new stake in Rex Energy Corporation (NASDAQ:REXX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 67,185 shares of the oil and gas exploration company’s stock, valued at approximately $194,000. Spark Investment Management LLC owned 0.70% of Rex Energy as of its most recent SEC filing. Institutional investors and hedge funds own 12.82% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: This story was first posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark laws. The correct version of this story can be accessed at https://www.americanbankingnews.com/2017/12/04/57-53-million-in-sales-expected-for-rex-energy-corporation-rexx-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rex Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rex Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.