REX American Resources (NYSE:REX) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of REX American Resources Corporation (NYSE:REX) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.64 and traded as high as $35.92. REX American Resources shares last traded at $35.3880, with a volume of 183,060 shares.

Analysts Set New Price Targets

Several brokerages recently commented on REX. Wall Street Zen raised shares of REX American Resources from a “hold” rating to a “buy” rating in a research report 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $25.00.

REX American Resources Stock Down 0.4%

The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 23.67 and a beta of 0.76. The stock’s 50 day moving average price is $33.62 and its two-hundred day moving average price is $31.64.

REX American Resources (NYSE:REX) last posted its earnings results 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. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%. The company had revenue of $175.63 million during the quarter, compared to the consensus estimate of $169.00 million. During the same period in the previous year, the firm posted $1.38 earnings per share. On average, analysts predict that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

Institutional Trading of REX American Resources

Several hedge funds and other institutional investors have recently bought and sold shares of REX. Hantz Financial Services Inc. lifted its holdings in REX American Resources by 133.4% in the fourth quarter. Hantz Financial Services Inc. now owns 901 shares of the energy company’s stock valued at $29,000 after acquiring an additional 515 shares during the period. Elevation Point Wealth Partners LLC purchased a new position in shares of REX American Resources during the 2nd quarter valued at approximately $33,000. GAMMA Investing LLC increased its holdings in shares of REX American Resources by 116.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company’s stock valued at $33,000 after purchasing an additional 580 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of REX American Resources by 97.6% in the 3rd 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. Finally, AlphaQuest LLC purchased a new stake in REX American Resources during the second quarter worth $58,000. 88.12% of the stock is 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.