REX American Resources Corp (REX) Receives Average Recommendation of “” from Analysts

REX American Resources Corp (NYSE:REX) has received a consensus broker rating score of 0.00 () from the zero analysts that cover the company, Zacks Investment Research reports.

Zacks has also assigned REX American Resources Corp an industry rank of 251 out of 265 based on the ratings given to related companies.

COPYRIGHT VIOLATION NOTICE: “REX American Resources Corp (REX) Receives Average Recommendation of “” from Analysts” was posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright laws. The original version of this report can be viewed at https://transcriptdaily.com/2017/06/17/rex-american-resources-corp-rex-receives-average-recommendation-of-from-analysts-updated-updated.html.

Shares of REX American Resources Corp (NYSE:REX) traded down 4.15% during midday trading on Thursday, reaching $93.09. 78,166 shares of the company’s stock traded hands. The firm has a market cap of $610.48 million, a PE ratio of 18.96 and a beta of 2.06. REX American Resources Corp has a 12 month low of $55.21 and a 12 month high of $107.87. The stock has a 50-day moving average price of $94.82 and a 200 day moving average price of $90.11.

REX American Resources Corp (NYSE:REX) last released its earnings results on Wednesday, May 24th. The energy company reported $0.69 EPS for the quarter, missing the consensus estimate of $1.21 by $0.52. REX American Resources Corp had a return on equity of 6.53% and a net margin of 5.38%. The company had revenue of $113.14 million during the quarter. Equities research analysts predict that REX American Resources Corp will post $4.62 earnings per share for the current year.

In related news, CFO Douglas Bruggeman sold 2,000 shares of the company’s stock in a transaction on Friday, March 31st. The shares were sold at an average price of $90.00, for a total transaction of $180,000.00. Following the sale, the chief financial officer now owns 24,151 shares of the company’s stock, valued at $2,173,590. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Lawrence Tomchin sold 1,000 shares of the company’s stock in a transaction on Wednesday, April 5th. The shares were sold at an average price of $92.00, for a total transaction of $92,000.00. Following the sale, the director now directly owns 116,719 shares in the company, valued at approximately $10,738,148. The disclosure for this sale can be found here. 14.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of REX. JPMorgan Chase & Co. raised its stake in REX American Resources Corp by 0.3% in the first quarter. JPMorgan Chase & Co. now owns 588,176 shares of the energy company’s stock worth $53,224,000 after buying an additional 1,711 shares during the period. Renaissance Technologies LLC raised its stake in REX American Resources Corp by 0.5% in the first quarter. Renaissance Technologies LLC now owns 568,600 shares of the energy company’s stock valued at $51,453,000 after buying an additional 3,000 shares during the last quarter. BlackRock Fund Advisors raised its stake in REX American Resources Corp by 10.1% in the third quarter. BlackRock Fund Advisors now owns 414,525 shares of the energy company’s stock valued at $35,135,000 after buying an additional 37,992 shares during the last quarter. Vanguard Group Inc. raised its stake in REX American Resources Corp by 5.9% in the first quarter. Vanguard Group Inc. now owns 332,682 shares of the energy company’s stock valued at $30,104,000 after buying an additional 18,597 shares during the last quarter. Finally, Numeric Investors LLC raised its stake in REX American Resources Corp by 412.5% in the fourth quarter. Numeric Investors LLC now owns 253,153 shares of the energy company’s stock valued at $24,999,000 after buying an additional 203,753 shares during the last quarter. Hedge funds and other institutional investors own 91.28% of the company’s stock.

About REX American Resources Corp

Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, the Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

12 Month Chart for NYSE:REX

Get a free copy of the Zacks research report on REX American Resources Corp (REX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for REX American Resources Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for REX American Resources Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply