Zacks: Analysts Expect Rex Energy Co. (REXX) Will Announce Quarterly Sales of $57.47 Million

Equities analysts forecast that Rex Energy Co. (NASDAQ:REXX) will report $57.47 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Rex Energy’s earnings, with estimates ranging from $57.14 million to $57.80 million. Rex Energy posted sales of $48.03 million during the same quarter last year, which suggests a positive year over year growth rate of 19.7%. The firm is expected to announce its next quarterly earnings results on Tuesday, March 20th.

On average, analysts expect that Rex Energy will report full year sales of $57.47 million for the current year, with estimates ranging from $204.00 million to $205.30 million. For the next financial year, analysts forecast that the firm will post sales of $282.95 million per share, with estimates ranging from $274.64 million to $299.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Rex Energy.

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A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Rex Energy from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. SunTrust Banks set a $2.00 price objective on Rex Energy and gave the company a “hold” rating in a research note on Thursday, November 16th. Finally, Northland Securities set a $2.00 price objective on Rex Energy and gave the company a “hold” rating in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $4.79.

Rex Energy (REXX) opened at $0.94 on Friday. The stock has a market capitalization of $10.03, a P/E ratio of -0.08 and a beta of 2.12. The company has a debt-to-equity ratio of -18.86, a quick ratio of 0.33 and a current ratio of 0.36. Rex Energy has a 52 week low of $0.85 and a 52 week high of $5.50.

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Rex Energy 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.

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