Surging Earnings Estimates Signal Good News for Rex Energy (REXX)
Rex Energy Corporation (REXX) is an oil and gas company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on REXX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Rex Energy could be a solid choice for investors.
Current Quarter Estimates for Rex Energy
In the past 30 days, 1 estimate has gone higher for Rex Energy with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 13 cents a share 30 days ago, to 17 cents today, a move of 30.8%.
Current Year Estimates for Rex Energy
Meanwhile, Rex Energy’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 70 cents per share 30 days ago to 87 cents per share today, an increase of 24.3%.
Bottom Line
The stock has also started to move higher lately, adding 14.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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REX ENERGY CORP (REXX): Free Stock Analysis Report
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