Trade Report: Today, Analysts Offer Predictions for Rex Energy Corp.’s Q1 2017 Earnings (REXX)

Today, Analysts Offer Predictions for Rex Energy Corp.’s Q1 2017 Earnings (REXX)

Rex Energy Corp. (NASDAQ:REXX) – Investment analysts at KeyCorp issued their Q1 2017 earnings estimates for Rex Energy Corp. in a research note issued on Tuesday. KeyCorp analyst D. Deckelbaum anticipates that the firm will post earnings of ($0.11) per share for the quarter. KeyCorp also issued estimates for Rex Energy Corp.’s Q2 2017 earnings at ($0.12) EPS, Q3 2017 earnings at ($0.13) EPS and Q4 2017 earnings at ($0.12) EPS.

Rex Energy Corp. (NASDAQ:REXX) last posted its quarterly earnings data on Tuesday, November 8th. The oil and gas exploration company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.01. The company had revenue of $34 million for the quarter, compared to analyst estimates of $41.11 million. Rex Energy Corp. had a negative net margin of 159.09% and a negative return on equity of 45.99%. The business’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.26) earnings per share.

Other equities analysts also recently issued research reports about the company. Stifel Nicolaus upgraded Rex Energy Corp. from a “sell” rating to a “hold” rating and upped their target price for the company from $0.50 to $0.52 in a report on Thursday, September 29th. Zacks Investment Research downgraded Rex Energy Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Six investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $1.01.

Rex Energy Corp. (NASDAQ:REXX) traded down 4.3913% during mid-day trading on Friday, hitting $0.4398. 936,389 shares of the stock were exchanged. The company has a 50 day moving average price of $0.47 and a 200 day moving average price of $0.60. Rex Energy Corp. has a 52 week low of $0.23 and a 52 week high of $2.43. The stock’s market cap is $41.42 million.

Large investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in shares of Rex Energy Corp. by 59.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,318,698 shares of the oil and gas exploration company’s stock worth $1,013,000 after buying an additional 491,056 shares during the last quarter. Emerald Advisers Inc. PA boosted its stake in shares of Rex Energy Corp. by 354.7% in the second quarter. Emerald Advisers Inc. PA now owns 376,310 shares of the oil and gas exploration company’s stock worth $249,000 after buying an additional 293,546 shares during the last quarter. Mackay Shields LLC bought a new stake in shares of Rex Energy Corp. during the second quarter worth about $2,159,000. California Public Employees Retirement System boosted its stake in shares of Rex Energy Corp. by 23.1% in the second quarter. California Public Employees Retirement System now owns 846,800 shares of the oil and gas exploration company’s stock worth $559,000 after buying an additional 159,000 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in shares of Rex Energy Corp. during the third quarter worth about $135,000. 23.24% of the stock is owned by institutional investors and hedge funds.

Rex Energy Corp. Company Profile

Related posts

Leave a Comment