Rex Energy Corporation (NASDAQ:REXX) will unveil its latest earnings on Tuesday, August 2, 2011. An independent energy company, which is engaged in the acquisition, production, exploration and development of oil and gas, with properties concentrated in the Appalachian and Illinois regions.
Rex Energy Corporation Earnings Preview Cheat Sheet
Wall St. Earnings Expectations: The average estimate of analysts is for net income of 4 cents per share, a swing from a loss of 4 cents in the year earlier quarter. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up, but has dropped from 5 cents during the last month. For the year, analysts are projecting profit of 16 cents per share, a swing from net loss of 3 cents last year.
Past Earnings Performance: The company is hoping to beat estimates after missing the mark for two straight quarters. Last quarter, it reported net income of 2 cents per share against an estimate of profit of 3 cents per share. The quarter before that, it missed forecasts by one cent.
Wall St. Revenue Expectations: On average, analysts predict $27.1 million in revenue this quarter, a rise of 72.5% from the year ago quarter. Analysts are forecasting total revenue of $115.6 million for the year, a rise of 71.9% from last year’s revenue of $67.2 million.
Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and three rating it as a hold.
The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 33.1%, with the biggest boost coming in the most recent quarter when revenue rose 39.8% from the year earlier quarter.
Competitors to Watch: Atlas Energy, Inc. (NASDAQ:ATLS), NGAS Resources, Inc. (NASDAQ:NGAS), BreitBurn Energy Partners L.P. (NASDAQ:BBEP), Range Resources Corp. (NYSE:RRC), EV Energy Partners, L.P. (NASDAQ:EVEP), Vanguard Natural Resources, LLC (NYSE:VNR), New Concept Energy, Inc. (AMEX:GBR), Magnum Hunter Resources Corp (NYSE:MHR), Linn Energy, LLC (NASDAQ:LINE), and Approach Resources Inc. (NASDAQ:AREX).
Stock Price Performance: During May 31, 2011 to July 27, 2011, the stock price had fallen $1.74 (-13.3%) from $13.06 to $11.32. The stock price saw one of its best stretches over the last year between August 24, 2010 and September 3, 2010 when shares rose for nine-straight days, rising 38.9% (+$3.45) over that span. It saw one of its worst periods between October 26, 2010 and November 3, 2010 when shares fell for seven-straight days, falling 13% (-$1.68) over that span. Shares are down $2.33 (-17.1%) year to date.
(Source: Xignite Financials)