Media stories about Rex Energy (NASDAQ:REXX) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rex Energy earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the oil and gas exploration company an impact score of 46.6494994312742 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Rex Energy (NASDAQ:REXX) traded down $0.04 during mid-day trading on Tuesday, hitting $1.79. The stock had a trading volume of 97,800 shares, compared to its average volume of 157,162. The company has a debt-to-equity ratio of -18.86, a current ratio of 0.36 and a quick ratio of 0.33. Rex Energy has a 1-year low of $1.70 and a 1-year high of $9.80.
Rex Energy (NASDAQ:REXX) last announced its quarterly earnings results on Tuesday, November 14th. The oil and gas exploration company reported ($1.00) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.18) by $0.18. Rex Energy had a negative net margin of 61.80% and a negative return on equity of 140.84%. The firm had revenue of $48.00 million during the quarter, compared to analysts’ expectations of $46.64 million. During the same period in the prior year, the company earned ($0.14) EPS. The firm’s revenue was up 41.2% on a year-over-year basis. analysts forecast that Rex Energy will post -2.96 earnings per share for the current fiscal year.
REXX has been the topic of several research analyst reports. Zacks Investment Research raised Rex Energy from a “hold” rating to a “buy” rating and set a $2.00 price target on the stock in a research note on Wednesday, October 25th. Royal Bank Of Canada set a $4.00 price objective on Rex Energy and gave the stock a “buy” rating in a research report on Thursday, August 24th. SunTrust Banks set a $2.00 price objective on Rex Energy and gave the stock a “hold” rating in a research report on Thursday, November 16th. KeyCorp restated a “hold” rating on shares of Rex Energy in a research report on Monday, November 13th. Finally, Northland Securities set a $4.00 price objective on Rex Energy and gave the stock a “hold” rating in a research report on Monday, August 21st. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. Rex Energy has an average rating of “Hold” and an average target price of $5.12.
COPYRIGHT VIOLATION WARNING: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2017/12/05/somewhat-positive-media-coverage-somewhat-unlikely-to-impact-rex-energy-rexx-share-price.html.
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.
Receive News & Ratings for Rex Energy Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rex Energy Corporation and related companies with MarketBeat.com's FREE daily email newsletter.