REX American Resources (NYSE:REX) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened
by Kim Johansen · The Markets DailyREX American Resources Corporation (NYSE:REX – Get Free Report)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.02 and traded as high as $34.93. REX American Resources shares last traded at $33.9950, with a volume of 110,759 shares changing hands.
Wall Street Analysts Forecast Growth
REX has been the topic of several research reports. Wall Street Zen upgraded REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REX American Resources in a report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $25.00.
Read Our Latest Stock Analysis on REX American Resources
REX American Resources Trading Down 1.6%
The company’s 50-day moving average is $33.22 and its two-hundred day moving average is $31.05. The stock has a market capitalization of $1.12 billion, a P/E ratio of 22.74 and a beta of 0.76.
REX American Resources (NYSE:REX – Get Free Report) last announced its quarterly earnings results on Thursday, December 4th. The energy company reported $0.71 EPS 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 net margin of 7.73% and a return on equity of 7.89%. During the same quarter last year, the business earned $1.38 earnings per share. Sell-side analysts expect that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in REX American Resources by 101.0% in the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock worth $74,610,000 after purchasing an additional 1,224,274 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of REX American Resources by 89.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after acquiring an additional 1,015,668 shares during the period. American Century Companies Inc. lifted its stake in shares of REX American Resources by 88.0% in the 3rd quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock worth $25,305,000 after acquiring an additional 386,947 shares during the period. Mangrove Partners IM LLC bought a new position in shares of REX American Resources in the third quarter valued at approximately $16,123,000. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of REX American Resources by 46.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 439,532 shares of the energy company’s stock valued at $13,458,000 after acquiring an additional 139,179 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.
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.