REX American Resources (NYSE:REX) Reaches New 12-Month High - Still a Buy?

Key Points

• REX American Resources recently reached a new 52-week high, trading at $32.83, with a market cap of $1.06 billion and a PE ratio of 21.75.
• Analysts have a consensus rating of "Moderate Buy" for the stock, with an average price target of $25.00, though Weiss Ratings reissued a "hold (c+)" rating.
• The company reported quarterly earnings of $0.22 per share, exceeding estimates, but revenue of $158.56 million fell short of the expected $165 million.

REX American Resources Corporation (NYSE:REX - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $32.83 and last traded at $32.65, with a volume of 33993 shares trading hands. The stock had previously closed at $31.63.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "hold (c+)" rating on shares of REX American Resources in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $25.00.

REX American Resources Stock Up 1.4%

The stock has a market cap of $1.06 billion, a PE ratio of 21.75 and a beta of 0.68. The stock has a fifty day moving average of $29.32 and a 200-day moving average of $24.59.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The energy company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.03. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%.The company had revenue of $158.56 million during the quarter, compared to analysts' expectations of $165.00 million. Equities research analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of REX American Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in REX American Resources by 1.2% in the first quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company's stock valued at $912,000 after purchasing an additional 292 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of REX American Resources by 1.9% in the 2nd quarter. SummerHaven Investment Management LLC now owns 18,135 shares of the energy company's stock valued at $883,000 after buying an additional 343 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of REX American Resources by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company's stock valued at $344,000 after buying an additional 390 shares in the last quarter. Ieq Capital LLC boosted its stake in shares of REX American Resources by 6.9% in the first quarter. Ieq Capital LLC now owns 6,586 shares of the energy company's stock valued at $247,000 after buying an additional 424 shares in the last quarter. Finally, GAMMA Investing LLC raised its position 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 acquiring an additional 580 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

About REX American Resources

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.