About Rex Energy Corporation (NASDAQ:REXX)
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. In the Illinois Basin, the Company is focused on its developmental oil drilling on its properties. The Company owns an interest in approximately 1,820 oil and natural gas wells. The Company produces an average of over 195.8 net millions of cubic feet equivalent (MMcfe) per day, composed of approximately 62.4% natural gas, over 9.5% oil and approximately 28.1% NGLs. In the Illinois Basin, the Company produces an average of approximately 1,998 barrels of oil per day (bopd). Including both developed and undeveloped acreage, the Company controls approximately 99,200 gross (over 79,700 net) acres in Illinois, Indiana and Kentucky.
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NASDAQ:REXX
- CUSIP: 76156510
- Web: www.rexenergycorp.com
- Market Cap: $18.08 million
- Outstanding Shares: 9,667,000
- 50 Day Moving Avg: $2.33
- 200 Day Moving Avg: $2.27
- 52 Week Range: $1.84 - $9.80
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -0.59
- P/E Growth: -0.05
- Annual Revenue: $181.6 million
- Price / Sales: 0.10
- Book Value: $0.38 per share
- Price / Book: 4.92
- EBITDA: $58.24 million
- Net Margins: -37.94%
- Return on Equity: -140.84%
- Return on Assets: -4.04%
- Debt-to-Equity Ratio: 213.77%
- Current Ratio: 0.53%
- Quick Ratio: 0.51%
- Average Volume: 98,792 shs.
- Beta: 1.84
- Short Ratio: 10.62
Frequently Asked Questions for Rex Energy Corporation (NASDAQ:REXX)
What is Rex Energy Corporation's stock symbol?
Rex Energy Corporation trades on the NASDAQ under the ticker symbol "REXX."
When did Rex Energy Corporation's stock split? How did Rex Energy Corporation's stock split work?
Rex Energy Corporation's stock reverse split before market open on Monday, May 15th 2017. The 1-10 reverse split was announced on Friday, May 5th 2017. The number of shares owned by shareholders was adjusted after the closing bell on Friday, May 12th 2017. An investor that had 100 shares of Rex Energy Corporation stock prior to the reverse split would have 10 shares after the split.
How were Rex Energy Corporation's earnings last quarter?
Rex Energy Corporation (NASDAQ:REXX) announced its earnings results on Tuesday, August, 8th. The company reported ($0.98) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.02) by $0.04. 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 return on equity of 140.84% and a negative net margin of 37.94%. The company's revenue was up 51.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.07) EPS. View Rex Energy Corporation's Earnings History.
When will Rex Energy Corporation make its next earnings announcement?
Where is Rex Energy Corporation's stock going? Where will Rex Energy Corporation's stock price be in 2017?
3 brokers have issued 12 month price objectives for Rex Energy Corporation's shares. Their predictions range from $3.00 to $15.00. On average, they anticipate Rex Energy Corporation's stock price to reach $6.68 in the next twelve months. View Analyst Ratings for Rex Energy Corporation.
What are analysts saying about Rex Energy Corporation stock?
Here are some recent quotes from research analysts about Rex Energy Corporation stock:
- 1. According to Zacks Investment Research, "Rex Energy Corporation is an independent oil and gas company operating in the Illinois Basin, the Appalachian Basin and the southwestern region of the United States. The Company pursues a balanced growth strategy of exploiting its sizable inventory of lower-risk developmental drilling locations, pursuing its higher-potential exploration drilling and enhanced oil recovery projects, and actively seeking to acquire complementary oil and natural gas properties. " (10/11/2017)
- 2. KLR Group analysts commented, "We are increasing our target price $0.50 to $1.50 per share due to a ~3% improvement in capital productivity and higher NGL price realizations (now modeling C3+ NGL pricing of ~50% of WTI oil prices, up from ~48% previously) partly offset by a ~2% reduction in our '17 volume forecast due to delays in the completion of the four-well Vaughn and Baird pads in 1Q/17. REXX generates a '19 capital yield of ~120%, up from ~110% previously, though below the industry median of ~145%. Our target price is anchored on a mid-cycle $80 oil and $4 natural gas price deck. The company made significant progress improving its balance sheet during '16 (incremental improvements still possible), though still has an elevated leverage profile and we believe a further improvement in commodity prices is required for longer term financial health." (3/17/2017)
Who are some of Rex Energy Corporation's key competitors?
Some companies that are related to Rex Energy Corporation include TransAtlantic Petroleum Ltd (TAT), The Parkmead Group plc (PMG), Sterling Energy plc (SEY), EV Energy Partners, L.P. (EVEP), Sirius Petroleum Plc (SRSP), Mid-Con Energy Partners, LP (MCEP), Range Resources Ltd (RRL), Independent Oil & Gas PLC (IOG), EXCO Resources NL (XCO), Sacoil Holdings Limited (SAC), Houston American Energy (HUSA), JKX Oil and Gas PLC (JKX), Egdon Resources Plc (EDR), Solo Oil PLC (SOLO), Hardy Oil & Gas plc (HDY), Europa Oil & Gas (Holdings) Plc (EOG), Petroneft Resources PLC (PTR) and Borders & Southern Petroleum plc (BOR).
Who are Rex Energy Corporation's key executives?
Rex Energy Corporation's management team includes the folowing people:
- Lance T. Shaner, Chairman of the Board
- Thomas Charles Stabley, President, Chief Executive Officer, Director
- Thomas Rajan, Chief Financial Officer
- Robert W. Ovitz, Chief Operating Officer
- Frederick Scott Hodges, Senior Vice President - Land and Business Development
- David E. Pratt, Senior Vice President, Exploration Manager
- Curtis J. Walker, Chief Accounting Officer
- Jack N. Aydin, Independent Director
- John W. Higbee, Independent Director
- John A. Lombardi, Independent Director
How do I buy Rex Energy Corporation stock?
Shares of Rex Energy Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Rex Energy Corporation's stock price today?
MarketBeat Community Rating for Rex Energy Corporation (NASDAQ REXX)MarketBeat's community ratings are surveys of what our community members think about Rex Energy Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Rex Energy Corporation stock can currently be purchased for approximately $1.87.
Consensus Ratings for Rex Energy Corporation (NASDAQ:REXX) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Hold Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$6.68 (257.09% upside)|Consensus Price Target History for Rex Energy Corporation (NASDAQ:REXX)
Analysts' Ratings History for Rex Energy Corporation (NASDAQ:REXX)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/3/2017||Royal Bank Of Canada||Downgrade||Outperform -> Sector Perform||$4.00 -> $3.00||Low|
|8/21/2017||Northland Securities||Set Price Target||Hold||$4.00||Medium|
|5/15/2017||S&P Equity Research||Boost Price Target||$3.92 -> $4.71||Low|
|3/17/2017||KLR Group||Boost Price Target||Hold||$10.00 -> $15.00||High|
|9/29/2016||Stifel Nicolaus||Upgrade||Sell -> Hold||$5.00 -> $5.20||N/A|
|6/20/2016||Wells Fargo & Company||Reiterated Rating||Hold||N/A|
|2/1/2016||SunTrust Banks, Inc.||Downgrade||Buy -> Hold||N/A|
|12/28/2015||KeyCorp||Downgrade||Overweight -> Hold||N/A|
|11/23/2015||Imperial Capital||Lower Price Target||Outperform -> In-Line||$40.00 -> $20.00||N/A|
Earnings History for Rex Energy Corporation (NASDAQ:REXX)Earnings History by Quarter for Rex Energy Corporation (NASDAQ REXX)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q2 2017||($1.02)||($0.98)||$48.49 million||$47.50 million||View||Listen|
|5/9/2017||Q1 2017||($0.80)||($0.60)||$48.32 million||$52.07 million||View||Listen|
|3/7/2017||Q4 2016||($0.90)||($0.80)||$44.45 million||$48.03 million||View||Listen|
|11/8/2016||Q3||($1.50)||($1.40)||$41.11 million||$34.00 million||View||Listen|
|8/2/2016||Q216||($1.30)||($0.70)||$43.71 million||$31.30 million||View||N/A|
|5/10/2016||Q1||($3.70)||($2.70)||$42.43 million||$30.50 million||View||N/A|
|3/15/2016||Q4||($4.30)||($2.00)||$42.78 million||$34.50 million||View||N/A|
|11/9/2015||Q315||($3.50)||($2.60)||$51.07 million||$37.60 million||View||N/A|
|8/4/2015||Q2||($2.70)||($2.20)||$58.01 million||$45.80 million||View||N/A|
|5/6/2015||Q115||($2.20)||($1.10)||$59.00 million||$54.10 million||View||N/A|
|2/18/2015||Q414||($0.60)||$0.20||$92.80 million||$70.25 million||View||N/A|
|11/4/2014||Q214||$0.60||$0.30||$92.10 million||$86.50 million||View||N/A|
|8/5/2014||Q2||$1.50||$1.60||$85.85 million||$86.02 million||View||Listen|
|4/29/2014||Q114||$1.20||$2.20||$75.13 million||$96.60 million||View||N/A|
|2/20/2014||Q4||$1.40||$4.50||$69.27 million||$72.10 million||View||Listen|
|11/5/2013||Q313||$1.60||$1.20||$64.50 million||$63.00 million||View||N/A|
|8/6/2013||Q2 2013||$1.30||$1.40||$56.46 million||$55.40 million||View||N/A|
|4/30/2013||Q1 2013||$1.10||$1.00||$47.50 million||$47.50 million||View||N/A|
|2/26/2013||Q4 2012||$0.90||$1.10||$42.62 million||$45.10 million||View||N/A|
|11/6/2012||Q312||$0.60||$0.80||$38.82 million||$38.90 million||View||N/A|
Earnings Estimates for Rex Energy Corporation (NASDAQ:REXX)
2017 EPS Consensus Estimate: ($2.34)
2018 EPS Consensus Estimate: ($2.56)
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for Rex Energy Corporation (NASDAQ:REXX)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Rex Energy Corporation (NASDAQ:REXX)
Insider Ownership Percentage: 7.85%Insider Trades by Quarter for Rex Energy Corporation (NASDAQ:REXX)
Institutional Ownership Percentage: 14.72%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|5/17/2017||Thomas Rajan||CFO||Buy||5,000||$4.00||$20,000.00|| |
|8/31/2016||Robert W Ovitz||COO||Buy||10,000||$0.58||$5,800.00|| |
|8/25/2015||Curtis J Walker||CAO||Buy||1,900||$2.60||$4,940.00|| |
|5/19/2015||Eric L Mattson||Director||Buy||10,000||$5.22||$52,200.00|| |
|5/13/2015||Thomas Rajan||CFO||Buy||10,000||$5.45||$54,500.00|| |
|2/25/2015||John J Zak||Director||Buy||2,000||$4.76||$9,520.00|| |
|2/23/2015||Todd N Tipton||Director||Buy||5,000||$4.75||$23,750.00|| |
|2/20/2015||Curtis J Walker||CAO||Buy||2,000||$4.66||$9,320.00|| |
|2/20/2015||John A Lombardi||Director||Buy||1,000||$4.85||$4,850.00|| |
|11/28/2014||John A Lombardi||Director||Buy||1,000||$7.38||$7,380.00|| |
|11/26/2014||John A Lombardi||Director||Buy||1,000||$8.64||$8,640.00|| |
|11/25/2014||Lance T Shaner||Director||Buy||487,800||$8.78||$4,282,884.00|| |
|11/24/2014||Curtis J Walker||CAO||Buy||1,000||$8.27||$8,270.00|| |
|11/11/2014||John J Zak||Director||Buy||1,000||$7.69||$7,690.00|| |
|11/7/2014||Michael L Hodges||CFO||Buy||2,500||$7.51||$18,775.00|| |
|11/7/2014||Thomas Charles Stabley||CEO||Buy||5,000||$7.46||$37,300.00|| |
|8/26/2014||Thomas Charles Stabley||CEO||Buy||3,000||$15.39||$46,170.00|| |
|8/21/2014||Lance T Shaner||Director||Buy||227,650||$14.54||$3,310,031.00|| |
|8/20/2014||Todd N Tipton||Director||Buy||2,000||$14.21||$28,420.00|| |
|5/13/2014||Patrick Mckinney||COO||Sell||18,526||$20.00||$370,520.00|| |
|5/9/2014||Todd Tipton||Director||Buy||1,500||$19.44||$29,160.00|| |
|8/20/2013||John Lombardi||Director||Sell||15,000||$21.45||$321,750.00|| |
|8/15/2013||Lance Shaner||Director||Sell||2,500,000||$20.24||$50,600,000.00|| |
|8/9/2013||Curtis Walker||CAO||Sell||5,000||$21.50||$107,500.00|| |
|8/9/2013||David Pratt||VP||Sell||9,634||$21.49||$207,034.66|| |
|8/31/2012||Michael L Hodges||CFO||Buy||1,000||$12.27||$12,270.00|| |
|8/30/2012||Thomas Charles Stabley||CEO||Buy||2,000||$12.00||$24,000.00|| |
|8/17/2012||Michael L Hodges||CFO||Buy||1,000||$12.16||$12,160.00|| |
|8/10/2012||Lance T Shaner||Director||Sell||166,844||$13.36||$2,229,035.84|| |
|8/8/2012||Lance T Shaner||Director||Sell||260,385||$13.26||$3,452,705.10|| |
Headline Trends for Rex Energy Corporation (NASDAQ:REXX)
Latest Headlines for Rex Energy Corporation (NASDAQ:REXX)
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Rex Energy Corporation (REXX) Chart for Monday, October, 23, 2017