Rex Energy Corporation (REXX) Expected to Announce Earnings of -$0.76 Per Share
Wall Street brokerages expect Rex Energy Corporation (NASDAQ:REXX) to post earnings of ($0.76) per share for the current quarter, Zacks reports. Two analysts have issued estimates for Rex Energy’s earnings. The highest EPS estimate is ($0.34) and the lowest is ($1.39). Rex Energy reported earnings per share of ($0.80) in the same quarter last year, which indicates a positive year over year growth rate of 5%. The business is scheduled to announce its next earnings results on Tuesday, March 6th.
On average, analysts expect that Rex Energy will report full-year earnings of ($3.17) per share for the current fiscal year, with EPS estimates ranging from ($3.42) to ($2.84). For the next financial year, analysts forecast that the company will post earnings of ($1.94) per share, with EPS estimates ranging from ($3.42) to ($0.80). Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Rex Energy.
Rex Energy (NASDAQ:REXX) last issued its earnings results on Tuesday, November 14th. The oil and gas exploration company reported ($1.00) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.18) by $0.18. Rex Energy had a negative return on equity of 140.84% and a negative net margin of 61.80%. The business had revenue of $48.00 million during the quarter, compared to analysts’ expectations of $46.64 million. During the same quarter in the previous year, the business earned ($0.14) EPS. The company’s revenue for the quarter was up 41.2% on a year-over-year basis.
Shares of Rex Energy (REXX) opened at $1.74 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.33 and a debt-to-equity ratio of -18.86. Rex Energy has a fifty-two week low of $1.25 and a fifty-two week high of $9.80. The stock has a market capitalization of $17.54, a PE ratio of -0.13 and a beta of 1.83.
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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