REX American Resources (NYSE:REX) Sets New 52-Week High – Time to Buy?

REX American Resources Corporation (NYSE:REX) shares hit a new 52-week high on Wednesday . The stock traded as high as $48.66 and last traded at $45.6280, with a volume of 383038 shares. The stock had previously closed at $47.64.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wall Street Zen raised REX American Resources from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Weiss Ratings raised REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy”.

REX American Resources Trading Up 1.8%

The company has a market cap of $1.49 billion, a price-to-earnings ratio of 18.11 and a beta of 0.61. The company’s 50 day moving average price is $37.35 and its 200 day moving average price is $34.15.

REX American Resources (NYSE:REX) last posted its quarterly earnings results on Thursday, March 26th. The energy company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $1.18. The firm had revenue of $157.96 million for the quarter, compared to the consensus estimate of $162.00 million. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%. Sell-side analysts predict that REX American Resources Corporation will post 2.93 earnings per share for the current year.

Hedge Funds Weigh In On REX American Resources

Several hedge funds have recently bought and sold shares of REX. Hsbc Holdings PLC grew its holdings in shares of REX American Resources by 20.8% during the fourth quarter. Hsbc Holdings PLC now owns 14,059 shares of the energy company’s stock worth $455,000 after buying an additional 2,418 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of REX American Resources by 359.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 900 shares of the energy company’s stock valued at $29,000 after buying an additional 704 shares during the period. Invesco Ltd. lifted its stake in shares of REX American Resources by 31.8% during the fourth quarter. Invesco Ltd. now owns 538,768 shares of the energy company’s stock valued at $17,413,000 after buying an additional 129,911 shares during the period. Empowered Funds LLC boosted its position in 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 acquiring an additional 6,044 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in REX American Resources in the 4th quarter worth approximately $362,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

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.