REX American Resources (NYSE:REX) was downgraded by TheStreet from a “b-” rating to a “c+” rating in a research report issued on Thursday, TheStreetRatingsTable reports.

REX American Resources stock opened at $67.99 on Thursday. REX American Resources has a 52-week low of $61.71 and a 52-week high of $89.80. The firm has a market cap of $444.17 million, a PE ratio of 18.10 and a beta of 0.93. The company has a quick ratio of 11.49, a current ratio of 12.48 and a debt-to-equity ratio of 0.03.

REX American Resources (NYSE:REX) last released its earnings results on Thursday, May 30th. The energy company reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($1.08). REX American Resources had a return on equity of 5.61% and a net margin of 5.31%. The business had revenue of $104.58 million for the quarter.

Several institutional investors have recently added to or reduced their stakes in REX. BlackRock Inc. grew its holdings in shares of REX American Resources by 3.4% during the fourth quarter. BlackRock Inc. now owns 887,449 shares of the energy company’s stock worth $60,444,000 after buying an additional 29,385 shares in the last quarter. DNB Asset Management AS grew its holdings in shares of REX American Resources by 38.1% in the first quarter. DNB Asset Management AS now owns 102,586 shares of the energy company’s stock valued at $8,270,000 after purchasing an additional 28,301 shares during the period. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of REX American Resources by 21.5% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 74,065 shares of the energy company’s stock valued at $5,970,000 after purchasing an additional 13,090 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in shares of REX American Resources in the fourth quarter valued at about $755,000. Finally, Morgan Stanley grew its holdings in shares of REX American Resources by 58.8% in the third quarter. Morgan Stanley now owns 26,190 shares of the energy company’s stock valued at $1,978,000 after purchasing an additional 9,701 shares during the period. 87.83% of the stock is owned by institutional investors and hedge funds.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal. The company also offers dried distillers grains, modified distillers grains, non-food grade corn oil, and others. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed; and produces, processes, and sells refined coal.

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