REX American Resources (NYSE:REX) Releases Earnings Results, Beats Estimates By $1.18 EPS

REX American Resources (NYSE:REX) posted its earnings results on Thursday. The energy company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $0.14 by $1.18, FiscalAI reports. The company had revenue of $157.96 million during the quarter, compared to analysts’ expectations of $162.00 million. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%.

REX American Resources Stock Down 0.1%

NYSE:REX opened at $41.35 on Thursday. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 27.18 and a beta of 0.73. REX American Resources has a 52 week low of $16.73 and a 52 week high of $41.79. The firm has a 50 day moving average of $35.94 and a 200 day moving average of $33.54.

Analyst Upgrades and Downgrades

REX has been the subject of a number of recent research reports. Weiss Ratings raised shares of REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Wall Street Zen raised REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $25.00.

Institutional Trading of REX American Resources

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. boosted its holdings in REX American Resources by 31.8% in the fourth quarter. Invesco Ltd. now owns 538,768 shares of the energy company’s stock worth $17,413,000 after acquiring an additional 129,911 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of REX American Resources by 4.0% during the fourth quarter. Empowered Funds LLC now owns 156,380 shares of the energy company’s stock worth $5,054,000 after purchasing an additional 6,044 shares during the period. XTX Topco Ltd acquired a new stake in shares of REX American Resources during the fourth quarter worth about $362,000. Tudor Investment Corp ET AL boosted its position in REX American Resources by 10.7% in the fourth quarter. Tudor Investment Corp ET AL now owns 84,640 shares of the energy company’s stock valued at $2,736,000 after buying an additional 8,190 shares during the last quarter. Finally, Engineers Gate Manager LP purchased a new stake in REX American Resources in the fourth quarter valued at approximately $374,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

About REX American Resources

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.