REX American Resources (NYSE:REX) Reaches New 12-Month High Following Strong Earnings

REX American Resources Corporation (NYSE:REX) reached a new 52-week high on Thursday after the company announced better than expected quarterly earnings. The stock traded as high as $44.41 and last traded at $44.0850, with a volume of 30565 shares trading hands. The stock had previously closed at $41.38.

The energy company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.14 by $1.18. The business had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $162.00 million. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%.

Wall Street Analyst Weigh In

REX has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 2nd. Wall Street Zen raised REX American Resources from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, REX American Resources presently has an average rating of “Buy” and a consensus target price of $25.00.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its position in shares of REX American Resources by 133.4% in the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after purchasing an additional 515 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of REX American Resources by 359.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock valued at $29,000 after buying an additional 704 shares during the period. GAMMA Investing LLC increased its position in shares of REX American Resources by 116.5% during the third quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock valued at $33,000 after buying an additional 580 shares during the period. Elevation Point Wealth Partners LLC bought a new position in REX American Resources in the second quarter worth about $33,000. Finally, Parallel Advisors LLC lifted its holdings in REX American Resources by 97.6% in the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after buying an additional 564 shares during the period. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Stock Up 6.5%

The company’s fifty day simple moving average is $35.94 and its 200 day simple moving average is $33.54. The firm has a market capitalization of $1.45 billion, a PE ratio of 29.49 and a beta of 0.73.

About REX American Resources

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.