Rex Energy Corp Third Quarter Earnings Sneak Peek

Rex Energy Corporation (NASDAQ:REXX) will unveil its latest earnings on Tuesday, November 1, 2011. Rex Energy is an independent energy company that is engaged in the acquisition, production, exploration and development of oil and gas, with properties primarily 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 7 cents per share after the company broke even in the year earlier quarter. During the past three months, the average estimate has moved up from 3 cents. Between one and three months ago, the average estimate moved up. It has been unchanged at 7 cents during the last month. Analysts are projecting profit of 29 cents per share versus net loss of 3 cents last year.

Past Earnings Performance: Last quarter, the company topped expectations by 4 cents, coming in at net income of 8 cents per share versus a mean estimate of profit of 4 cents per share. This followed two straight quarters of missing estimates.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 82% in revenue from the year-earlier quarter to $30.7 million.

Analyst Ratings: Analysts are bullish on this stock with 10 analysts rating it as a buy, none rating it as a sell and four rating it as a hold.

A Look Back: In the second quarter, profit rose more than threefold to $3.4 million (8 cents a share) from $877,000 (2 cents a share) the year earlier, exceeding analyst expectations. Revenue rose 85.8% to $29.2 million from $15.7 million.

Key Stats:

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 45.6%, with the biggest boost coming in the most recent quarter when revenue rose 85.8% from the year earlier quarter.

Rex Energy’s profit last quarter followed losses in the previous two quarters. The company reported a loss of $7.5 million in the first quarter and a loss of $6.5 million in the fourth quarter of the last fiscal year.

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 August 2, 2011 to October 26, 2011, the stock price had risen $3.83 (35.2%) from $10.88 to $14.71. The stock price saw one of its best stretches over the last year between February 16, 2011 and February 28, 2011 when shares rose for eight-straight days, rising 16.1% (+$1.75) over that span. It saw one of its worst periods between September 27, 2011 and October 4, 2011 when shares fell for six-straight days, falling 16.5% (-$2.29) over that span. Shares are up $1.06 (+7.8%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.