Zacks: Analysts Expect Rex Energy Corporation (REXX) Will Announce Quarterly Sales of $45.35 Million

Equities analysts predict that Rex Energy Corporation (NASDAQ:REXX) will post sales of $45.35 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Rex Energy Corporation’s earnings, with the lowest sales estimate coming in at $44.00 million and the highest estimate coming in at $46.58 million. Rex Energy Corporation posted sales of $34.04 million during the same quarter last year, which suggests a positive year-over-year growth rate of 33.2%. The company is scheduled to report its next quarterly earnings results on Tuesday, November 14th.

According to Zacks, analysts expect that Rex Energy Corporation will report full-year sales of $45.35 million for the current financial year, with estimates ranging from $199.00 million to $207.60 million. For the next financial year, analysts expect that the business will post sales of $275.58 million per share, with estimates ranging from $254.80 million to $298.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Rex Energy Corporation.

Rex Energy Corporation (NASDAQ:REXX) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.02) by $0.04. The company had revenue of $47.50 million during the quarter, compared to the consensus estimate of $48.49 million. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The company’s revenue for the quarter was up 51.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share.

A number of research firms have recently issued reports on REXX. Zacks Investment Research downgraded shares of Rex Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank Of Canada downgraded shares of Rex Energy Corporation from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $4.00 to $3.00 in a report on Tuesday, October 3rd. Finally, Northland Securities set a $4.00 price objective on shares of Rex Energy Corporation and gave the stock a “hold” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.84.

Institutional investors have recently bought and sold shares of the business. KBC Group NV lifted its stake in Rex Energy Corporation by 19.0% in the first quarter. KBC Group NV now owns 417,214 shares of the oil and gas exploration company’s stock worth $196,000 after purchasing an additional 66,559 shares during the last quarter. Primecap Management Co. CA lifted its stake in Rex Energy Corporation by 4.6% in the first quarter. Primecap Management Co. CA now owns 3,425,000 shares of the oil and gas exploration company’s stock worth $1,608,000 after purchasing an additional 150,000 shares during the last quarter. Spark Investment Management LLC bought a new stake in Rex Energy Corporation in the second quarter worth $194,000. Finally, Bank of America Corp DE lifted its stake in Rex Energy Corporation by 30,715.1% in 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 purchasing an additional 335,102 shares during the last quarter. 14.72% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect Rex Energy Corporation (REXX) Will Announce Quarterly Sales of $45.35 Million” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/zacks-analysts-expect-rex-energy-corporation-rexx-will-announce-quarterly-sales-of-45-35-million.html.

Shares of Rex Energy Corporation (NASDAQ REXX) traded up 1.98% on Friday, hitting $2.58. 78,438 shares of the stock traded hands. Rex Energy Corporation has a 52 week low of $2.10 and a 52 week high of $9.80. The firm’s market cap is $24.94 million. The stock has a 50-day moving average price of $2.37 and a 200 day moving average price of $2.20.

About Rex Energy Corporation

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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According to Zacks, analysts expect that Rex Energy Corporation will report full-year sales of $45.35 million for the current financial year, with estimates ranging from $199.00 million to $207.60 million. For the next financial year, analysts expect that the business will post sales of $275.58 million per share, with estimates ranging from $254.80 million to $298.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Rex Energy Corporation.

Rex Energy Corporation (NASDAQ:REXX) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.02) by $0.04. The company had revenue of $47.50 million during the quarter, compared to the consensus estimate of $48.49 million. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The company’s revenue for the quarter was up 51.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) earnings per share.

A number of research firms have recently issued reports on REXX. Zacks Investment Research downgraded shares of Rex Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank Of Canada downgraded shares of Rex Energy Corporation from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $4.00 to $3.00 in a report on Tuesday, October 3rd. Finally, Northland Securities set a $4.00 price objective on shares of Rex Energy Corporation and gave the stock a “hold” rating in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.84.

Institutional investors have recently bought and sold shares of the business. KBC Group NV lifted its stake in Rex Energy Corporation by 19.0% in the first quarter. KBC Group NV now owns 417,214 shares of the oil and gas exploration company’s stock worth $196,000 after purchasing an additional 66,559 shares during the last quarter. Primecap Management Co. CA lifted its stake in Rex Energy Corporation by 4.6% in the first quarter. Primecap Management Co. CA now owns 3,425,000 shares of the oil and gas exploration company’s stock worth $1,608,000 after purchasing an additional 150,000 shares during the last quarter. Spark Investment Management LLC bought a new stake in Rex Energy Corporation in the second quarter worth $194,000. Finally, Bank of America Corp DE lifted its stake in Rex Energy Corporation by 30,715.1% in 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 purchasing an additional 335,102 shares during the last quarter. 14.72% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Zacks: Analysts Expect Rex Energy Corporation (REXX) Will Announce Quarterly Sales of $45.35 Million” was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another publication, it was illegally stolen and reposted in violation of international copyright and trademark law. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/10/zacks-analysts-expect-rex-energy-corporation-rexx-will-announce-quarterly-sales-of-45-35-million.html.

Shares of Rex Energy Corporation (NASDAQ REXX) traded up 1.98% on Friday, hitting $2.58. 78,438 shares of the stock traded hands. Rex Energy Corporation has a 52 week low of $2.10 and a 52 week high of $9.80. The firm’s market cap is $24.94 million. The stock has a 50-day moving average price of $2.37 and a 200 day moving average price of $2.20.

About Rex Energy Corporation

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 Corporation (NASDAQ:REXX)

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