REX American Resources Co. (NYSE:REX - Get Free Report) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $34.19 and last traded at $34.45, with a volume of 14631 shares changing hands. The stock had previously closed at $36.29.
Analyst Ratings Changes
Separately, Truist Financial reiterated a "buy" rating and issued a $50.00 price target (down from $55.00) on shares of REX American Resources in a research report on Thursday, March 27th.
Check Out Our Latest Stock Report on REX
REX American Resources Stock Up 8.7 %
The stock has a fifty day moving average price of $38.92 and a two-hundred day moving average price of $42.12. The company has a market capitalization of $647.00 million, a price-to-earnings ratio of 9.96 and a beta of 0.69.
REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The firm had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, research analysts forecast that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.
REX American Resources announced that its Board of Directors has initiated a share buyback program on Wednesday, March 26th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the energy company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.
Institutional Trading of REX American Resources
Hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of REX American Resources by 87.3% during the third quarter. Barclays PLC now owns 42,855 shares of the energy company's stock worth $1,983,000 after purchasing an additional 19,977 shares during the last quarter. Principal Financial Group Inc. lifted its position in REX American Resources by 0.6% during the third quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company's stock worth $3,640,000 after buying an additional 432 shares during the period. Proficio Capital Partners LLC acquired a new stake in REX American Resources in the 4th quarter worth about $890,000. HighTower Advisors LLC purchased a new stake in REX American Resources in the 3rd quarter valued at about $246,000. Finally, FMR LLC increased its stake in shares of REX American Resources by 34.8% during the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company's stock valued at $109,000 after acquiring an additional 605 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other 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.
Read More
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
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
