REX American Resources (NYSE:REX) Hits New 1-Year High - Still a Buy?

Key Points

• New 52-week high: REX traded as high as $48.66 (last around $45.63) and is trading well above its 50‑day ($36.95) and 200‑day ($34.00) moving averages, with a market cap of about $1.5B.
• Analyst upgrades: Wall Street Zen and Weiss Ratings recently moved REX from "hold" to "buy," and MarketBeat's consensus rating is currently "Buy."
• Strong EPS beat but mixed top-line: REX reported $1.32 EPS vs. $0.14 expected (beat by $1.18) while revenue of $157.96M slightly missed estimates, and institutional ownership stands at roughly 88.12%.

REX American Resources Corporation (NYSE:REX - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $48.66 and last traded at $45.6280, with a volume of 383038 shares traded. The stock had previously closed at $47.64.

Analysts Set New Price Targets

Several analysts have weighed in on REX shares. Wall Street Zen upgraded REX American Resources from a "hold" rating to a "buy" rating in a research report on Saturday, December 6th. 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. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy".

REX American Resources Stock Performance

The company's 50-day moving average price is $36.95 and its 200 day moving average price is $34.00. The stock has a market capitalization of $1.50 billion, a PE ratio of 18.25 and a beta of 0.73.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings results on Thursday, March 26th. The energy company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $1.18. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%. The company had revenue of $157.96 million for the quarter, compared to analysts' expectations of $162.00 million. Analysts expect that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in REX. Elevation Point Wealth Partners LLC purchased a new position in shares of REX American Resources in the 2nd quarter valued at approximately $33,000. Rockefeller Capital Management L.P. grew its stake in REX American Resources by 359.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company's stock worth $29,000 after purchasing an additional 704 shares during the period. Hantz Financial Services Inc. raised its holdings in REX American Resources by 133.4% in the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company's stock worth $29,000 after purchasing an additional 515 shares in the last quarter. GAMMA Investing LLC raised its holdings in REX American Resources by 116.5% in the third quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company's stock worth $33,000 after purchasing an additional 580 shares in the last quarter. Finally, Simplex Trading LLC purchased a new position in REX American Resources during the fourth quarter valued at $35,000. Institutional investors 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.

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