Press coverage about Rex Energy Corporation (NASDAQ:REXX) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rex Energy Corporation earned a news impact score of 0.20 on Accern’s scale. Accern also gave media stories about the oil and gas exploration company an impact score of 46.2613455505133 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- SeaDrill Amends Credit Facility to Save Arm from Bankruptcy – Nasdaq (nasdaq.com)
- Is Rex Energy Corporation (NASDAQ:REXX) Ready for a Breakout … – FLBC News (flbcnews.com)
- Rex Energy Corporation (REXX) Rating Increased to Buy at Zacks Investment Research (americanbankingnews.com)
- Whiting Petroleum Cuts Debt by Vending Fort Berthold Assets … – Nasdaq (nasdaq.com)
REXX has been the topic of several research reports. S&P Equity Research cut their price objective on Rex Energy Corporation from $5.00 to $4.00 in a research report on Monday, May 1st. ValuEngine raised Rex Energy Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Northland Securities set a $4.00 price objective on Rex Energy Corporation and gave the company a “hold” rating in a research report on Monday, July 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $4.00 target price on shares of Rex Energy Corporation in a report on Thursday, July 20th. Finally, Zacks Investment Research upgraded shares of Rex Energy Corporation from a “hold” rating to a “buy” rating and set a $2.75 target price for the company in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $5.94.
Shares of Rex Energy Corporation (NASDAQ REXX) traded up 1.34% during trading on Friday, reaching $2.27. 55,934 shares of the company were exchanged. The firm’s market capitalization is $21.94 million. Rex Energy Corporation has a 1-year low of $0.23 and a 1-year high of $4.71. The company’s 50-day moving average is $2.80 and its 200 day moving average is $1.72.
Rex Energy Corporation (NASDAQ:REXX) last posted its earnings results on Tuesday, August 8th. The oil and gas exploration company reported ($0.98) EPS for the quarter, beating the Zacks’ consensus estimate of ($1.02) by $0.04. Rex Energy Corporation had a negative net margin of 37.94% and a negative return on equity of 140.84%. The company had revenue of $47.50 million during the quarter, compared to analysts’ expectations of $48.49 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Rex Energy Corporation’s revenue for the quarter was up 51.8% compared to the same quarter last year. Equities research analysts expect that Rex Energy Corporation will post ($3.58) EPS for the current fiscal year.
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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