Rex Energy (REXX) Earning Favorable Media Coverage, Report Shows

Press coverage about Rex Energy (NASDAQ:REXX) has been trending positive on Saturday, Alpha One reports. The research group, a unit of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rex Energy earned a media sentiment score of 0.27 on Alpha One’s scale. Alpha One also assigned news articles about the oil and gas exploration company an impact score of 97 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected AlphaOne Sentiment’s rankings:

A number of brokerages have issued reports on REXX. ValuEngine raised shares of Rex Energy from a “sell” rating to a “hold” rating in a research report on Tuesday. S&P Equity Research increased their target price on shares of Rex Energy from $3.92 to $4.71 in a research report on Monday, May 15th. KLR Group increased their target price on shares of Rex Energy from $10.00 to $15.00 and gave the company a “hold” rating in a research report on Friday, March 17th. Northland Securities set a $10.00 target price on shares of Rex Energy and gave the company a “hold” rating in a research report on Monday, January 23rd. Finally, Royal Bank of Canada reissued a “buy” rating and set a $10.00 target price on shares of Rex Energy in a research report on Friday, January 20th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.74.

Shares of Rex Energy (NASDAQ:REXX) opened at 3.87 on Friday. The stock’s market capitalization is $38.32 million. The company’s 50 day moving average is $0.91 and its 200-day moving average is $0.63. Rex Energy has a 52 week low of $0.23 and a 52 week high of $4.71.

Rex Energy (NASDAQ:REXX) last posted its quarterly earnings results on Tuesday, May 9th. The oil and gas exploration company reported ($0.60) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.80) by $0.20. Rex Energy had a negative net margin of 159.09% and a negative return on equity of 45.99%. The company had revenue of $52.07 million during the quarter, compared to analyst estimates of $48.32 million. During the same period last year, the firm posted ($2.30) EPS. Rex Energy’s revenue for the quarter was up 102.7% compared to the same quarter last year. On average, equities analysts predict that Rex Energy will post ($2.82) earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “Rex Energy (REXX) Earning Favorable Media Coverage, Report Shows” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/05/20/rex-energy-rexx-earning-favorable-press-coverage-report-shows-updated-updated-updated.html.

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.

12 Month Chart for NASDAQ:REXX

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.

Latest News

Leave a Reply