Wall Street brokerages forecast that Rex Energy Co. (NASDAQ:REXX) will report earnings per share (EPS) of ($0.48) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Rex Energy’s earnings, with the lowest EPS estimate coming in at ($0.82) and the highest estimate coming in at ($0.29). Rex Energy reported earnings of ($0.60) per share during the same quarter last year, which would suggest a positive year over year growth rate of 20%. The firm is scheduled to issue its next earnings report on Tuesday, May 8th.
According to Zacks, analysts expect that Rex Energy will report full year earnings of ($1.99) per share for the current financial year, with EPS estimates ranging from ($3.36) to ($0.82). For the next financial year, analysts expect that the business will report earnings of ($1.02) per share, with EPS estimates ranging from ($2.11) to $0.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Rex Energy.
Separately, Zacks Investment Research raised Rex Energy from a “sell” rating to a “hold” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company. Rex Energy has a consensus rating of “Hold” and a consensus target price of $2.54.
Shares of NASDAQ:REXX traded down $0.02 on Tuesday, hitting $0.63. 57,878 shares of the company’s stock were exchanged, compared to its average volume of 357,482. The stock has a market cap of $5.94, a P/E ratio of -0.11 and a beta of 1.91. Rex Energy has a 1-year low of $0.44 and a 1-year high of $5.50. The company has a debt-to-equity ratio of -18.86, a quick ratio of 0.33 and a current ratio of 0.36.
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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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