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: Energy
- Industry: Oil & Gas Exploration and Production
- Sub-Industry: Oil & Gas Exploration & Production
- Symbol: NASDAQ:REXX
- CUSIP: 76156510
- Web: www.rexenergy.com
- Market Cap: $20.78 million
- Outstanding Shares: 9,667,000
- 50 Day Moving Avg: $2.42
- 200 Day Moving Avg: $1.98
- 52 Week Range: $2.10 - $9.80
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: -0.65
- P/E Growth: -0.06
- Annual Revenue: $181.6 million
- Price / Sales: 0.11
- Book Value: $0.38 per share
- Price / Book: 5.66
- EBIDTA: $58.24 million
- Net Margins: -20.23%
- Return on Equity: -482.84%
- Return on Assets: -4.32%
- Debt-to-Equity Ratio: 213.77%
- Current Ratio: 0.53%
- Quick Ratio: 0.51%
- Average Volume: 80,289 shs.
- Beta: 1.83
- Short Ratio: 10.62
Frequently Asked Questions for Rex Energy (NASDAQ:REXX)
What is Rex Energy's stock symbol?
Rex Energy trades on the NASDAQ under the ticker symbol "REXX."
When did Rex Energy's stock split? How did Rex Energy's stock split work?
Shares of Rex Energy reverse split 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 stock prior to the reverse split would have 10 shares after the split.
How were Rex Energy's earnings last quarter?
Rex Energy Co. (NASDAQ:REXX) posted its quarterly earnings data on Tuesday, August, 8th. The company reported ($0.98) EPS for the quarter, topping the consensus estimate of ($1.02) by $0.04. The company earned $47.50 million during the quarter, compared to analysts' expectations of $48.49 million. Rex Energy had a negative net margin of 20.23% and a negative return on equity of 482.84%. The business's revenue for the quarter was up 51.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.07) earnings per share. View Rex Energy's Earnings History.
When will Rex Energy make its next earnings announcement?
Where is Rex Energy's stock going? Where will Rex Energy's stock price be in 2017?
4 analysts have issued twelve-month price objectives for Rex Energy's stock. Their predictions range from $4.00 to $15.00. On average, they anticipate Rex Energy's share price to reach $6.58 in the next year. View Analyst Ratings for Rex Energy.
What are analysts saying about Rex Energy stock?
Here are some recent quotes from research analysts about Rex Energy 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. " (8/31/2017)
- 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's key competitors?
Some companies that are related to Rex Energy include ECA Marcellus Trust I (ECT), IGAS Energy PLC (IGAS), SandRidge Mississippian Trust I (SDT), Chariot Oil & Gas Limited (CHAR), The Parkmead Group plc (PMG), Sterling Energy plc (SEY), Trinity Exploration & Production PLC (TRIN), EXCO Resources NL (XCO), Providence Resources PLC (PVR), Gulfsands Petroleum plc (GPX), Sirius Petroleum Plc (SRSP), Houston American Energy (HUSA), Range Resources Ltd (RRL), Ascent Resources Plc (AST), Sacoil Holdings Limited (SAC), JKX Oil and Gas PLC (JKX), Egdon Resources Plc (EDR) and Solo Oil PLC (SOLO).
Who are Rex Energy's key executives?
Rex Energy'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
Who owns Rex Energy stock?
Rex Energy's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.44%), Mackay Shields LLC (1.70%), Spark Investment Management LLC (0.70%), California Public Employees Retirement System (0.44%), Bank of New York Mellon Corp (0.43%) and Goldman Sachs Group Inc. (0.36%). Company insiders that own Rex Energy stock include Robert W Ovitz and Thomas Rajan. View Institutional Ownership Trends for Rex Energy.
Who sold Rex Energy stock? Who is selling Rex Energy stock?
Rex Energy's stock was sold by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Mackay Shields LLC, California Public Employees Retirement System, Goldman Sachs Group Inc. and Bank of New York Mellon Corp. View Insider Buying and Selling for Rex Energy.
Who bought Rex Energy stock? Who is buying Rex Energy stock?
Rex Energy's stock was purchased by a variety of institutional investors in the last quarter, including Spark Investment Management LLC. Company insiders that have bought Rex Energy stock in the last two years include Robert W Ovitz and Thomas Rajan. View Insider Buying and Selling for Rex Energy.
How do I buy Rex Energy stock?
Shares of Rex Energy 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's stock price today?
MarketBeat Community Rating for Rex Energy (NASDAQ REXX)MarketBeat's community ratings are surveys of what our community members think about Rex Energy 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 stock can currently be purchased for approximately $2.15.
Consensus Ratings for Rex Energy (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, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.25)|
|Consensus Price Target: ||$6.58 (206.14% upside)|
Analysts' Ratings History for Rex Energy (NASDAQ:REXX)
(Data available from 9/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/24/2017||Royal Bank Of Canada||Set Price Target||Buy||$4.00||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 & Co||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|
|10/21/2015||Robert W. Baird||Lower Price Target||$30.00 -> $20.00||N/A|
Earnings History for Rex Energy (NASDAQ:REXX)Earnings History by Quarter for Rex Energy (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 (NASDAQ:REXX)
2017 EPS Consensus Estimate: ($2.26)
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 (NASDAQ:REXX)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Rex Energy (NASDAQ:REXX)
Insider Ownership Percentage: 7.85%Insider Trades by Quarter for Rex Energy (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 (NASDAQ:REXX)
Latest Headlines for Rex Energy (NASDAQ:REXX)
Rex Energy (REXX) Chart for Sunday, September, 24, 2017