$57.47 Million in Sales Expected for Rex Energy Co. (REXX) This Quarter

Brokerages expect Rex Energy Co. (NASDAQ:REXX) to report $57.47 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Rex Energy’s earnings, with the lowest sales estimate coming in at $57.14 million and the highest estimate coming in at $57.80 million. Rex Energy posted sales of $48.03 million in the same quarter last year, which suggests a positive year over year growth rate of 19.7%. The business is scheduled to report its next earnings report on Tuesday, March 6th.

On average, analysts expect that Rex Energy will report full year sales of $57.47 million for the current fiscal year, with estimates ranging from $204.00 million to $205.30 million. For the next fiscal year, analysts expect that the business will post sales of $282.95 million per share, with estimates ranging from $274.64 million to $299.20 million. Zacks Investment Research’s sales calculations are an average based on a survey of 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 for the quarter, topping the 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 for the quarter, compared to analyst estimates of $46.64 million. During the same quarter last year, the company earned ($0.14) EPS. The business’s quarterly revenue was up 41.2% on a year-over-year basis.

Several equities research analysts have recently weighed in on REXX shares. Zacks Investment Research lowered Rex Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, November 22nd. Royal Bank of Canada reissued a “hold” rating and set a $3.00 target price on shares of Rex Energy in a research report on Thursday, November 9th. KeyCorp reaffirmed a “hold” rating on shares of Rex Energy in a research report on Monday, November 13th. Northland Securities set a $2.00 price target on Rex Energy and gave the stock a “hold” rating in a research report on Monday, December 11th. Finally, SunTrust Banks set a $2.00 price target on Rex Energy and gave the stock a “hold” rating in a research report on Thursday, November 16th. One analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $4.79.

Shares of Rex Energy (NASDAQ:REXX) opened at $1.13 on Friday. The company has a debt-to-equity ratio of -18.86, a quick ratio of 0.33 and a current ratio of 0.36. Rex Energy has a 12-month low of $1.01 and a 12-month high of $7.50. The firm has a market capitalization of $11.75, a PE ratio of -0.08 and a beta of 1.88.

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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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