Rex Energy Corporation (NASDAQ:REXX) Issues Earnings Results, Beats Estimates By $0.04 EPS

Rex Energy Corporation (NASDAQ:REXX) posted its earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.02) by $0.04, Morningstar.com reports. The firm had revenue of $47.50 million for the quarter, compared to the consensus estimate of $48.49 million. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The company’s revenue was up 51.8% on a year-over-year basis. During the same period last year, the firm posted ($0.07) EPS.

Rex Energy Corporation (REXX) traded up 1.34% during trading on Friday, hitting $2.27. 55,934 shares of the stock were exchanged. The stock’s 50-day moving average price is $2.80 and its 200-day moving average price is $1.72. Rex Energy Corporation has a 12-month low of $2.21 and a 12-month high of $9.80. The firm’s market cap is $21.94 million.

Hedge funds have recently bought and sold shares of the company. KBC Group NV raised its stake in Rex Energy Corporation by 19.0% in the first quarter. KBC Group NV now owns 417,214 shares of the oil and gas exploration company’s stock worth $196,000 after buying an additional 66,559 shares during the period. Spark Investment Management LLC bought a new stake in Rex Energy Corporation during the second quarter worth about $194,000. Primecap Management Co. CA raised its stake in Rex Energy Corporation by 4.6% in the first quarter. Primecap Management Co. CA now owns 3,425,000 shares of the oil and gas exploration company’s stock worth $1,608,000 after buying an additional 150,000 shares during the period. Bank of America Corp DE raised its stake in Rex Energy Corporation by 30,715.1% in the first quarter. Bank of America Corp DE now owns 336,193 shares of the oil and gas exploration company’s stock worth $158,000 after buying an additional 335,102 shares during the period. Finally, Norges Bank bought a new stake in Rex Energy Corporation during the fourth quarter worth about $634,000.

A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Friday. Northland Securities set a $4.00 price objective on shares of Rex Energy Corporation and gave the stock a “hold” rating in a research report on Monday, July 17th. S&P Equity Research raised their price objective on shares of Rex Energy Corporation from $3.92 to $4.71 in a research report on Monday, May 15th. ValuEngine raised shares of Rex Energy Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $4.00 target price on shares of Rex Energy Corporation in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Rex Energy Corporation has a consensus rating of “Hold” and a consensus price target of $5.94.

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Rex Energy Corporation 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.

Earnings History for Rex Energy Corporation (NASDAQ:REXX)

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