Rex Energy Corporation (REXX) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Rex Energy Corporation (NASDAQ:REXX) issued its quarterly earnings results on Tuesday. The oil and gas exploration company reported ($1.00) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.18) by $0.18, Bloomberg Earnings reports. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The company had revenue of $48.00 million for the quarter, compared to the consensus estimate of $46.64 million. During the same quarter in the prior year, the company earned ($0.14) EPS. Rex Energy Corporation’s quarterly revenue was up 41.2% on a year-over-year basis.

Shares of Rex Energy Corporation (NASDAQ:REXX) opened at $2.45 on Wednesday. Rex Energy Corporation has a one year low of $1.70 and a one year high of $9.80. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of 213.77.

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Several brokerages recently weighed in on REXX. KeyCorp reiterated a “hold” rating on shares of Rex Energy Corporation in a report on Monday. Royal Bank Of Canada downgraded shares of Rex Energy Corporation from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $4.00 to $3.00 in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Rex Energy Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Northland Securities set a $4.00 price target on shares of Rex Energy Corporation and gave the stock a “hold” rating in a report on Monday, August 21st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.74.

Rex Energy Corporation 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.

Earnings History for Rex Energy Corporation (NASDAQ:REXX)

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