Brokerages Expect Rex Energy Co. (REXX) to Announce -$0.79 Earnings Per Share

Analysts expect that Rex Energy Co. (NASDAQ:REXX) will report earnings per share of ($0.79) for the current quarter, according to Zacks. Two analysts have made estimates for Rex Energy’s earnings, with the highest EPS estimate coming in at ($0.57) and the lowest estimate coming in at ($0.96). Rex Energy posted earnings per share of ($0.80) in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.3%. The business is scheduled to announce its next earnings results on Tuesday, March 20th.

On average, analysts expect that Rex Energy will report full-year earnings of ($3.23) per share for the current year, with EPS estimates ranging from ($3.40) to ($3.07). For the next financial year, analysts expect that the firm will post earnings of ($1.85) per share, with EPS estimates ranging from ($3.36) to ($0.82). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Rex Energy.

A number of brokerages have recently issued reports on REXX. Zacks Investment Research upgraded Rex Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. Northland Securities set a $2.00 price target on Rex Energy and gave the company 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 company 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. Rex Energy presently has a consensus rating of “Hold” and a consensus price target of $4.79.

Shares of Rex Energy (REXX) traded down $0.05 on Wednesday, hitting $0.96. The stock had a trading volume of 172,615 shares, compared to its average volume of 405,713. The company has a market cap of $10.48, a P/E ratio of -0.08 and a beta of 2.12. 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 12-month low of $0.85 and a 12-month high of $5.50.

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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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