News coverage about Rex Energy Corporation (NASDAQ:REXX) has been trending somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rex Energy Corporation earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned news coverage about the oil and gas exploration company an impact score of 46.4374701647391 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Rex Energy says on track to meet Q3, full-year production guidance … – Seeking Alpha (seekingalpha.com)
- Rex Energy Corporation (NASDAQ:REXX) Sees Volatile Trading – Up $0.02 – First News 24 (firstnewspaper24.com)
- Energy Sector Update for 09/19/2017: REXX,JONE,MMP – Nasdaq (nasdaq.com)
- Resolute Energy (REN) to Divest $195 Million Paradox Assets – Nasdaq (nasdaq.com)
- Chevron to Offload Permian Basin Holdings to Sabinal Energy – Nasdaq (nasdaq.com)
Rex Energy Corporation (NASDAQ REXX) opened at 2.21 on Wednesday. The stock has a 50 day moving average price of $2.42 and a 200 day moving average price of $1.98. Rex Energy Corporation has a 52-week low of $2.10 and a 52-week high of $9.80. The stock’s market cap is $21.36 million.
Rex Energy Corporation (NASDAQ:REXX) last announced its quarterly earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.02) by $0.04. The business had revenue of $47.50 million for the quarter, compared to analyst estimates of $48.49 million. Rex Energy Corporation had a negative return on equity of 140.84% and a negative net margin of 37.94%. The company’s quarterly revenue was up 51.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.07) EPS. On average, equities research analysts forecast that Rex Energy Corporation will post ($3.69) EPS for the current year.
REXX has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.75 price target on the stock in a research report on Friday, August 18th. Royal Bank Of Canada reiterated a “buy” rating and set a $4.00 price target on shares of Rex Energy Corporation in a research report on Thursday, July 20th. Northland Securities set a $4.00 price target on Rex Energy Corporation and gave the stock a “hold” rating in a research report on Monday, August 21st. Finally, ValuEngine downgraded Rex Energy Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. 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 presently has a consensus rating of “Hold” and an average target price of $5.90.
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About Rex Energy Corporation
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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