REX American Resources (NYSE:REX) Stock Rating Upgraded by Wall Street Zen

REX American Resources (NYSE:REX) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of REX American Resources in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, REX American Resources has an average rating of “Moderate Buy” and a consensus price target of $25.00.

REX American Resources Stock Down 3.9%

Shares of NYSE REX opened at $33.69 on Friday. The business’s 50 day moving average price is $32.20 and its two-hundred day moving average price is $28.51. The company has a market cap of $1.11 billion, a PE ratio of 22.54 and a beta of 0.73. REX American Resources has a twelve month low of $16.73 and a twelve month high of $36.50.

REX American Resources (NYSE:REX) last released its quarterly earnings data on Thursday, December 4th. The energy company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.45. The company had revenue of $175.63 million during the quarter, compared to analysts’ expectations of $169.00 million. REX American Resources had a return on equity of 7.89% and a net margin of 7.73%.During the same period last year, the firm posted $1.38 earnings per share. As a group, research analysts anticipate that REX American Resources will post 2.93 EPS for the current fiscal year.

Hedge Funds Weigh In On REX American Resources

Several institutional investors and hedge funds have recently modified their holdings of the business. Danske Bank A S bought a new position in REX American Resources during the third quarter worth about $208,000. CANADA LIFE ASSURANCE Co raised its position in shares of REX American Resources by 91.1% in the third quarter. CANADA LIFE ASSURANCE Co now owns 78,496 shares of the energy company’s stock valued at $2,416,000 after buying an additional 37,416 shares in the last quarter. Dark Forest Capital Management LP boosted its stake in shares of REX American Resources by 156.1% in the third quarter. Dark Forest Capital Management LP now owns 67,889 shares of the energy company’s stock valued at $2,079,000 after buying an additional 41,377 shares during the period. Verition Fund Management LLC bought a new stake in shares of REX American Resources in the third quarter valued at approximately $276,000. Finally, Qube Research & Technologies Ltd grew its position in REX American Resources by 228.0% during the third quarter. Qube Research & Technologies Ltd now owns 221,071 shares of the energy company’s stock worth $6,769,000 after buying an additional 153,674 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

About REX American Resources

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.