REX American Resources (NYSE:REX) Sets New 12-Month High – What’s Next?

REX American Resources Corporation (NYSE:REX)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $36.51 and last traded at $36.46, with a volume of 61888 shares trading hands. The stock had previously closed at $35.85.

Analyst Upgrades and Downgrades

REX has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Weiss Ratings cut REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $25.00.

REX American Resources Stock Performance

The business has a fifty day moving average of $33.85 and a two-hundred day moving average of $32.47. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 24.12 and a beta of 0.73.

REX American Resources (NYSE:REX) last posted its earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.45. The company had revenue of $175.63 million for the quarter, compared to analyst estimates of $169.00 million. REX American Resources had a return on equity of 7.89% and a net margin of 7.73%.During the same quarter in the prior year, the company earned $1.38 earnings per share. On average, equities research analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On REX American Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REX. AQR Capital Management LLC grew its position in shares of REX American Resources by 29.2% in the first quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company’s stock valued at $3,619,000 after purchasing an additional 21,781 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in REX American Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock valued at $344,000 after buying an additional 390 shares during the last quarter. Empowered Funds LLC increased its position in REX American Resources by 4.1% during the first quarter. Empowered Funds LLC now owns 78,667 shares of the energy company’s stock worth $2,956,000 after buying an additional 3,128 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of REX American Resources by 74.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock worth $3,090,000 after acquiring an additional 35,209 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of REX American Resources in the second quarter valued at $58,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Company Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.