REX American Resources (NYSE:REX) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of REX American Resources Corporation (NYSE:REX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $30.67 and traded as high as $33.85. REX American Resources shares last traded at $33.7050, with a volume of 148,441 shares trading hands.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of REX American Resources in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $25.00.

REX American Resources Stock Performance

The stock’s 50 day moving average price is $33.10 and its 200 day moving average price is $30.67. The company has a market capitalization of $1.11 billion, a P/E ratio of 22.55 and a beta of 0.76.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, December 4th. The energy company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.45. The business had revenue of $175.63 million during the quarter, compared to the consensus estimate of $169.00 million. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. During the same quarter last year, the firm earned $1.38 earnings per share. On average, analysts expect that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On REX American Resources

Several institutional investors and hedge funds have recently made changes to their positions in the business. SummerHaven Investment Management LLC grew its stake in REX American Resources by 1.9% during the second quarter. SummerHaven Investment Management LLC now owns 18,135 shares of the energy company’s stock worth $883,000 after purchasing an additional 343 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of REX American Resources by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,161 shares of the energy company’s stock worth $344,000 after buying an additional 390 shares in the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of REX American Resources by 5.2% during the 3rd quarter. Aquatic Capital Management LLC now owns 9,151 shares of the energy company’s stock worth $280,000 after buying an additional 450 shares in the last quarter. Parallel Advisors LLC grew its position in shares of REX American Resources by 97.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock worth $35,000 after buying an additional 564 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of REX American Resources by 116.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock valued at $33,000 after acquiring an additional 580 shares in the last quarter. 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.