REX American Resources (NYSE:REX) Upgraded to “Buy” at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of REX American Resources (NYSE:REX – Free Report) from a hold rating to a buy rating in a research note released on Saturday morning.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of REX American Resources in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $25.00.

Check Out Our Latest Research Report on REX American Resources

REX American Resources Price Performance

Shares of NYSE REX opened at $33.69 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 22.54 and a beta of 0.73. REX American Resources has a 1 year low of $16.73 and a 1 year high of $36.50. The firm has a fifty day moving average price of $32.20 and a 200-day moving average price of $28.56.

REX American Resources (NYSE:REX – Get Free Report) last issued its earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.45. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. The company had revenue of $175.63 million during the quarter, compared to the consensus estimate of $169.00 million. During the same quarter in the prior year, the firm posted $1.38 EPS. On average, research analysts expect that REX American Resources will post 2.93 EPS for the current year.

Institutional Investors Weigh In On REX American Resources

Several large investors have recently bought and sold shares of REX. Elevation Point Wealth Partners LLC purchased a new stake in REX American Resources during the second quarter valued at $33,000. GAMMA Investing LLC increased its holdings in shares of REX American Resources by 116.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock worth $33,000 after buying an additional 580 shares during the last quarter. Parallel Advisors LLC raised its position in shares of REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after buying an additional 564 shares in the last quarter. AlphaQuest LLC bought a new position in shares of REX American Resources in the 2nd quarter valued at about $58,000. Finally, Ameritas Investment Partners Inc. raised its position in REX American Resources by 59.2% during the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company’s stock valued at $76,000 after purchasing an additional 921 shares during the period. Institutional investors own 88.12% of the company’s stock.

About REX American Resources

(Get Free Report)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.

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