REX American Resources Corporation (NYSE:REX - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.64 and last traded at $52.99, with a volume of 95019 shares changing hands. The stock had previously closed at $52.78.
Wall Street Analyst Weigh In
Separately, Truist Financial reiterated a "buy" rating and set a $50.00 price target (down from $55.00) on shares of REX American Resources in a report on Thursday, March 27th.
View Our Latest Stock Report on REX
REX American Resources Trading Up 0.6%
The firm has a market capitalization of $899.81 million, a price-to-earnings ratio of 16.97 and a beta of 0.56. The company has a fifty day moving average price of $45.42 and a 200-day moving average price of $41.86.
REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The energy company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.17. REX American Resources had a return on equity of 8.97% and a net margin of 8.86%. The business had revenue of $158.34 million for the quarter, compared to the consensus estimate of $161.00 million. As a group, sell-side analysts predict that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.
REX American Resources declared that its Board of Directors has authorized a share buyback plan on Wednesday, March 26th that authorizes the company to repurchase 1,500,000 outstanding shares. This repurchase authorization authorizes the energy company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's board believes its shares are undervalued.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the stock. AlphaQuest LLC bought a new position in shares of REX American Resources in the 4th quarter valued at approximately $46,000. CWM LLC increased its position in REX American Resources by 139.8% in the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after buying an additional 1,160 shares during the period. State of Wyoming increased its position in REX American Resources by 67.3% in the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after buying an additional 1,454 shares during the period. GF Fund Management CO. LTD. bought a new position in REX American Resources in the 4th quarter worth approximately $200,000. Finally, South Dakota Investment Council bought a new position in REX American Resources in the 1st quarter worth approximately $210,000. 88.12% of the stock is owned by institutional investors.
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.
Featured Articles
Before you consider REX American Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and REX American Resources wasn't on the list.
While REX American Resources currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
