$REXX,
KeyCorp Comments on Rex Energy Co.’s Q2 2017 Earnings (REXX)
Posted by Renata Jones on May 6th, 2017 // No Comments
Rex Energy logoRex Energy Co. (NASDAQ:REXX) – Equities research analysts at KeyCorp upped their Q2 2017 earnings per share (EPS) estimates for Rex Energy in a note issued to investors on Tuesday, Zacks Investment Research reports. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will post earnings per share of ($0.10) for the quarter, up from their previous forecast of ($0.11). KeyCorp also issued estimates for Rex Energy’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.41) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.07) EPS and FY2018 earnings at ($0.29) EPS.
A number of other research analysts also recently weighed in on the company. KLR Group upped their target price on Rex Energy from $1.00 to $1.50 and gave the stock a “hold” rating in a report on Friday, March 17th. Zacks Investment Research upgraded Rex Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $1.00 price target on shares of Rex Energy in a research note on Friday, January 20th. S&P Equity Research cut their price target on Rex Energy from $0.50 to $0.40 in a research note on Monday, May 1st. Finally, Northland Securities set a $1.00 price target on Rex Energy and gave the stock a “hold” rating in a research note on Monday, January 23rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Rex Energy has a consensus rating of “Hold” and an average price target of $0.86.
Earnings History and Estimates for Rex Energy (NASDAQ:REXX)
Shares of Rex Energy (NASDAQ:REXX) traded up 21.003% during midday trading on Friday, reaching $0.473. The company’s stock had a trading volume of 3,154,748 shares. Rex Energy has a 52-week low of $0.23 and a 52-week high of $0.98. The stock has a 50-day moving average price of $0.42 and a 200-day moving average price of $0.52. The stock’s market cap is $45.14 million.
Rex Energy (NASDAQ:REXX) last announced its quarterly earnings data on Tuesday, March 7th. The oil and gas exploration company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. Rex Energy had a negative return on equity of 45.99% and a negative net margin of 159.09%. The firm earned $48.03 million during the quarter, compared to analysts’ expectations of $44.45 million. During the same quarter last year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was up 75.4% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of REXX. Zacks Investment Management bought a new stake in Rex Energy during the third quarter valued at $135,000. KBC Group NV increased its stake in Rex Energy by 96.6% in the third quarter. KBC Group NV now owns 254,363 shares of the oil and gas exploration company’s stock valued at $149,000 after buying an additional 124,956 shares during the last quarter. California Public Employees Retirement System increased its stake in Rex Energy by 17.5% in the third quarter. California Public Employees Retirement System now owns 995,300 shares of the oil and gas exploration company’s stock valued at $581,000 after buying an additional 148,500 shares during the last quarter. Norges Bank bought a new stake in Rex Energy during the fourth quarter valued at $634,000. Finally, Loomis Sayles & Co. L P bought a new stake in Rex Energy during the fourth quarter valued at $671,000. Institutional investors own 26.40% of the company’s stock.
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.
5 Day Chart for NASDAQ:REXX
Get a free copy of the Zacks research report on Rex Energy (REXX)
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KeyCorp Comments on Rex Energy Co.’s Q2 2017 Earnings (REXX)
Posted by Renata Jones on May 6th, 2017 // No Comments
Rex Energy logoRex Energy Co. (NASDAQ:REXX) – Equities research analysts at KeyCorp upped their Q2 2017 earnings per share (EPS) estimates for Rex Energy in a note issued to investors on Tuesday, Zacks Investment Research reports. KeyCorp analyst D. Deckelbaum now anticipates that the oil and gas exploration company will post earnings per share of ($0.10) for the quarter, up from their previous forecast of ($0.11). KeyCorp also issued estimates for Rex Energy’s Q4 2017 earnings at ($0.10) EPS, FY2017 earnings at ($0.41) EPS, Q2 2018 earnings at ($0.08) EPS, Q3 2018 earnings at ($0.08) EPS, Q4 2018 earnings at ($0.07) EPS and FY2018 earnings at ($0.29) EPS.
A number of other research analysts also recently weighed in on the company. KLR Group upped their target price on Rex Energy from $1.00 to $1.50 and gave the stock a “hold” rating in a report on Friday, March 17th. Zacks Investment Research upgraded Rex Energy from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $1.00 price target on shares of Rex Energy in a research note on Friday, January 20th. S&P Equity Research cut their price target on Rex Energy from $0.50 to $0.40 in a research note on Monday, May 1st. Finally, Northland Securities set a $1.00 price target on Rex Energy and gave the stock a “hold” rating in a research note on Monday, January 23rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Rex Energy has a consensus rating of “Hold” and an average price target of $0.86.
Earnings History and Estimates for Rex Energy (NASDAQ:REXX)
Shares of Rex Energy (NASDAQ:REXX) traded up 21.003% during midday trading on Friday, reaching $0.473. The company’s stock had a trading volume of 3,154,748 shares. Rex Energy has a 52-week low of $0.23 and a 52-week high of $0.98. The stock has a 50-day moving average price of $0.42 and a 200-day moving average price of $0.52. The stock’s market cap is $45.14 million.
Rex Energy (NASDAQ:REXX) last announced its quarterly earnings data on Tuesday, March 7th. The oil and gas exploration company reported ($0.08) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. Rex Energy had a negative return on equity of 45.99% and a negative net margin of 159.09%. The firm earned $48.03 million during the quarter, compared to analysts’ expectations of $44.45 million. During the same quarter last year, the firm posted ($0.24) earnings per share. The company’s revenue for the quarter was up 75.4% compared to the same quarter last year.
Several hedge funds have recently bought and sold shares of REXX. Zacks Investment Management bought a new stake in Rex Energy during the third quarter valued at $135,000. KBC Group NV increased its stake in Rex Energy by 96.6% in the third quarter. KBC Group NV now owns 254,363 shares of the oil and gas exploration company’s stock valued at $149,000 after buying an additional 124,956 shares during the last quarter. California Public Employees Retirement System increased its stake in Rex Energy by 17.5% in the third quarter. California Public Employees Retirement System now owns 995,300 shares of the oil and gas exploration company’s stock valued at $581,000 after buying an additional 148,500 shares during the last quarter. Norges Bank bought a new stake in Rex Energy during the fourth quarter valued at $634,000. Finally, Loomis Sayles & Co. L P bought a new stake in Rex Energy during the fourth quarter valued at $671,000. Institutional investors own 26.40% of the company’s stock.
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.
5 Day Chart for NASDAQ:REXX
Get a free copy of the Zacks research report on Rex Energy (REXX)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rex Energy Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rex Energy Co. and related companies with MarketBeat.com's FREE daily email newsletter.
1
I'm in it to win it!
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.
I was born with it, I'm truly blessed!
Alway's searching for winners'
