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RXNRQ.PFD (Rex Energy) Piotroski F-Score : 5 (As of Mar. 17, 2025)


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What is Rex Energy Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Rex Energy has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for Rex Energy's Piotroski F-Score or its related term are showing as below:

RXNRQ.PFD' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 5   Max: 7
Current: 5

During the past 13 years, the highest Piotroski F-Score of Rex Energy was 7. The lowest was 2. And the median was 5.


Rex Energy Piotroski F-Score Historical Data

The historical data trend for Rex Energy's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Rex Energy Piotroski F-Score Chart

Rex Energy Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.00 4.00 3.00 4.00 6.00

Rex Energy Quarterly Data
Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 6.00 5.00 5.00

Competitive Comparison of Rex Energy's Piotroski F-Score

For the Oil & Gas E&P subindustry, Rex Energy's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Rex Energy's Piotroski F-Score Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Rex Energy's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Rex Energy's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun18) TTM:Last Year (Jun17) TTM:
Net Income was -46.534 + -10.788 + -69.793 + -2.684 = $-129.80 Mil.
Cash Flow from Operations was -0.905 + 16.083 + 25.918 + 5.193 = $46.29 Mil.
Revenue was 47.975 + 57.759 + 65.029 + 75.158 = $245.92 Mil.
Gross Profit was 2.784 + 12.405 + 30.955 + 38.402 = $84.55 Mil.
Average Total Assets from the begining of this year (Jun17)
to the end of this year (Jun18) was
(905.57 + 896.84 + 942.137 + 964.939 + 992.519) / 5 = $940.401 Mil.
Total Assets at the begining of this year (Jun17) was $905.57 Mil.
Long-Term Debt & Capital Lease Obligation was $0.00 Mil.
Total Current Assets was $98.71 Mil.
Total Current Liabilities was $429.03 Mil.
Net Income was 5.415 + -67.394 + 2.683 + -9.603 = $-68.90 Mil.

Revenue was 34.039 + 48.027 + 52.071 + 47.462 = $181.60 Mil.
Gross Profit was -7.403 + 2.83 + 22.917 + 18.088 = $36.43 Mil.
Average Total Assets from the begining of last year (Jun16)
to the end of last year (Jun17) was
(997.906 + 925.273 + 893.923 + 877.395 + 905.57) / 5 = $920.0134 Mil.
Total Assets at the begining of last year (Jun16) was $997.91 Mil.
Long-Term Debt & Capital Lease Obligation was $788.61 Mil.
Total Current Assets was $45.98 Mil.
Total Current Liabilities was $86.42 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Rex Energy's current Net Income (TTM) was -129.80. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Rex Energy's current Cash Flow from Operations (TTM) was 46.29. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun17)
=-129.799/905.57
=-0.14333403

ROA (Last Year)=Net Income/Total Assets (Jun16)
=-68.899/997.906
=-0.06904358

Rex Energy's return on assets of this year was -0.14333403. Rex Energy's return on assets of last year was -0.06904358. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Rex Energy's current Net Income (TTM) was -129.80. Rex Energy's current Cash Flow from Operations (TTM) was 46.29. ==> 46.29 > -129.80 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun18)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun17 to Jun18
=0/940.401
=0

Gearing (Last Year: Jun17)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun16 to Jun17
=788.61/920.0134
=0.8571723

Rex Energy's gearing of this year was 0. Rex Energy's gearing of last year was 0.8571723. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun18)=Total Current Assets/Total Current Liabilities
=98.707/429.025
=0.23007284

Current Ratio (Last Year: Jun17)=Total Current Assets/Total Current Liabilities
=45.984/86.423
=0.53208058

Rex Energy's current ratio of this year was 0.23007284. Rex Energy's current ratio of last year was 0.53208058. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Rex Energy's number of shares in issue this year was 0. Rex Energy's number of shares in issue last year was 0. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=84.546/245.921
=0.34379333

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=36.432/181.599
=0.20061784

Rex Energy's gross margin of this year was 0.34379333. Rex Energy's gross margin of last year was 0.20061784. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun17)
=245.921/905.57
=0.27156487

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun16)
=181.599/997.906
=0.18198007

Rex Energy's asset turnover of this year was 0.27156487. Rex Energy's asset turnover of last year was 0.18198007. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+1+0+1+1+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Rex Energy has an F-score of 6 indicating the company's financial situation is typical for a stable company.

Rex Energy  (OTCPK:RXNRQ.PFD) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Rex Energy Piotroski F-Score Related Terms

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Rex Energy Business Description

Traded in Other Exchanges
N/A
Address
366 Walker Drive, State College, PA, USA, 16801
Rex Energy Corp is a US-based independent condensate, NGL (Natural Gas Liquids) and natural gas company operating in the Appalachian Basin. The company focuses on natural gas and natural gas liquids production as well as on drilling and exploration activities in the Marcellus Shale, Utica Shale, and Upper Devonian Shale. The exploration properties of the company include the Appalachian Basin which includes the states of Kentucky, Maryland, New York, Ohio, Pennsylvania, Virginia, West Virginia and Tennessee.
Executives
Robert W Ovitz officer: Chief Operating Officer 366 WALKER DRIVE, STATE COLLEGE PA 16801
Jack N Aydin director 6 DEFOREST CORT, W. NYACK NY 10094
Thomas Rajan officer: CFO 366 WALKER DRIVE, STATE COLLEGE PA 16801
Todd N. Tipton director C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Michael L Hodges officer: CFO C/O GULFPORT ENERGY CORP, 713 MARKET DR, OKLAHOMA CITY OK 73114
Curtis J Walker officer: Chief Accounting Officer C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
F Scott Hodges officer: Sr. VP, Land C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Christina K Marshall officer: Sr. VP, HR & Admin. C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Jennifer L Mcdonough officer: VP, General Counsel and Secr. C/O NORDSON CORPORATION, 28601 CLEMENS ROAD, WESTLAKE OH 44145
David E Pratt officer: Sr. VP of Exploration C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
John J Zak director C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Patrick M Mckinney officer: Exec. VP and COO C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Eric L Mattson director C/O REX ENERGY CORP, 366 WALKER DRIVE, STATE COLLEGE PA 16801
Timothy Paul Beattie officer: S VP & Appalachian Dist Man REX ENERGY CORPORATION, 476 ROLLING RIDGE DRIVE, SUITE 300, STATE COLLEGE PA 16801
Bryan James Clayton officer: Vice President & Ill Dist Man C/O REX ENERGY CORPORATION, 476 ROLLING RIDGE DRIVE, STATE COLLEGE PA 16801

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