REX American Resources (NYSE:REX) Hits New 52-Week High – Should You Buy?

REX American Resources Corporation (NYSE:REX)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $36.51 and last traded at $36.46, with a volume of 61888 shares traded. The stock had previously closed at $35.85.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings downgraded REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $25.00.

REX American Resources Stock Up 0.6%

The company has a market cap of $1.19 billion, a PE ratio of 24.12 and a beta of 0.73. The stock’s 50 day simple moving average is $33.85 and its two-hundred day simple moving average is $32.47.

REX American Resources (NYSE:REX) last released its quarterly earnings data on Thursday, December 4th. The energy company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.45. The company had revenue of $175.63 million for the quarter, compared to the consensus estimate 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 business posted $1.38 EPS. Analysts forecast that REX American Resources Corporation will post 2.93 EPS for the current year.

Institutional Trading of REX American Resources

Large investors have recently added to or reduced their stakes in the stock. Elevation Point Wealth Partners LLC purchased a new stake in shares of REX American Resources in the second quarter worth about $33,000. Hantz Financial Services Inc. lifted its position in REX American Resources by 133.4% during the 4th quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock worth $29,000 after acquiring an additional 515 shares in the last quarter. GAMMA Investing LLC boosted its holdings in REX American Resources by 116.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock worth $33,000 after acquiring an additional 580 shares during the period. Simplex Trading LLC acquired a new stake in REX American Resources in the fourth quarter valued at approximately $35,000. Finally, Parallel Advisors LLC raised its stake in shares of REX American Resources by 97.6% during the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company’s stock valued at $35,000 after purchasing an additional 564 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

REX American Resources Company Profile

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.