News articles about Rex Energy (NASDAQ:REXX) have been trending somewhat positive recently, Accern reports. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rex Energy earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the oil and gas exploration company an impact score of 46.0537827380645 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Rex Energy (NASDAQ:REXX) traded down 1.51% during midday trading on Friday, reaching $1.96. 60,126 shares of the company were exchanged. The company’s market capitalization is $18.95 million. Rex Energy has a 52-week low of $1.94 and a 52-week high of $9.80. The company has a 50 day moving average of $2.34 and a 200-day moving average of $2.26.
Rex Energy (NASDAQ:REXX) last announced its quarterly earnings data on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.02) by $0.04. Rex Energy had a negative return on equity of 482.84% and a negative net margin of 20.23%. The firm had revenue of $47.50 million for the quarter, compared to analyst estimates of $48.49 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Rex Energy’s quarterly revenue was up 51.8% on a year-over-year basis. On average, equities research analysts anticipate that Rex Energy will post ($3.70) earnings per share for the current fiscal year.
Several brokerages recently weighed in on REXX. Zacks Investment Research downgraded shares of Rex Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Royal Bank Of Canada downgraded shares of Rex Energy from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $4.00 to $3.00 in a report on Tuesday, October 3rd. Finally, Northland Securities set a $4.00 price target on shares of Rex Energy and gave the stock a “hold” rating in a report on Monday, August 21st. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Rex Energy has an average rating of “Hold” and a consensus price target of $5.84.
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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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