Last $16.58 USD
Change Today +0.33 / 2.03%
Volume 858.3K
As of 8:10 PM 07/9/14 All times are local (Market data is delayed by at least 15 minutes).

rex energy corp (REXX) Snapshot

Open
$16.27
Previous Close
$16.25
Day High
$16.60
Day Low
$16.17
52 Week High
10/21/13 - $25.17
52 Week Low
07/8/14 - $16.00
Market Cap
897.1M
Average Volume 10 Days
722.9K
EPS TTM
$0.53
Shares Outstanding
54.1M
EX-Date
--
P/E TM
31.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for REX ENERGY CORP (REXX)

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rex energy corp (REXX) Details

Rex Energy Corporation operates as an independent oil and gas exploration and production company in the Appalachian and Illinois basins in the United States. The company focuses on the Marcellus Shale, Utica Shale, and Upper Devonian Shale drilling and exploration activities in the Appalachian Basin. It operates in two segments, Exploration and Production, and Field Services. The Exploration and Production segment is involved in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids. The Field services segment provides oil and gas field services comprising water sourcing, water transfer, and water disposal services, as well as equipment rental primarily in the Appalachian Basin. As of December 31, 2013, it owned an interest in approximately 1,799 oil and natural gas wells; and had estimated proved reserves of 849.8 billions cubic feet equivalent. Rex Energy Corporation was founded in 2007 and is headquartered in State College, Pennsylvania.

298 Employees
Last Reported Date: 03/3/14
Founded in 2007

rex energy corp (REXX) Top Compensated Officers

Co-Founder, Chief Executive Officer and Direc...
Total Annual Compensation: $471.6K
President and Chief Operating Officer
Total Annual Compensation: $394.5K
Chief Financial Officer
Total Annual Compensation: $254.2K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $262.7K
Senior Vice President of Land and Business De...
Total Annual Compensation: $227.0K
Compensation as of Fiscal Year 2013.

rex energy corp (REXX) Key Developments

Rex Energy Provides Production Guidance for the Second Quarter and Full Year of 2014

Rex Energy provides production guidance for the second quarter and full year of 2014. For the quarter the company estimated its production to be approximately 128 MMcfe/d. The company is reaffirming its full year 2014 production guidance of 143 MMcfe/d to 149 MMcfe/d.

Rex Energy Mulls Acquisitions

Rex Energy Corporation (NasdaqGS:REXX) is looking for acquisitions. Rex Energy Corporation will use the net proceeds from the sale of the securities announced on June 9, 2014 for general corporate purposes, which may include capital expenditures, working capital, acquisitions, repayment or refinancing of indebtedness and investments in our subsidiaries.

Rex Energy Corporation Provides Operational Update on Processing Capacity

Rex Energy Corporation announced that it has begun flowing gas into MarkWest Energy Partners, LP Bluestone II processing facility. Rex Energy began flowing gas into the Bluestone II facility on May 19, 2014. Once fully commissioned, the expanded facility will add an incremental 120 MMcf/d of processing capacity in the Butler Operated Area. When combined with the 90 MMcf/d of processing capacity already available at the Sarsen and Bluestone I processing facilities, Rex Energy will have approximately 190 MMcf/d of dedicated processing capacity to support its Butler Operated Area development plans. Of the 11 wells that were previously completed and awaiting processing capacity, the company has placed 5 wells into sales and expects to place 5 more into sales this week. The company expects to place the one remaining well into sales by the end of the second quarter. In addition, Rex Energy expects its first ethane sales of approximately 2,000 bbls/d to occur in early June 2014, with an incremental 3,000 bbls/d of ethane sales to begin on or around July 1, 2014. The company expects to update its previously announced production guidance in the upcoming weeks as additional information regarding the plant commissioning process becomes available.

 

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Industry Analysis

REXX

Industry Average

Valuation REXX Industry Range
Price/Earnings 88.2x
Price/Sales 3.0x
Price/Book 2.0x
Price/Cash Flow 7.7x
TEV/Sales 1.3x
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