REX American Resources (NYSE:REX) Sets New 52-Week Low – Here’s Why

REX American Resources Co. (NYSE:REX)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $36.55 and last traded at $36.78, with a volume of 103061 shares traded. The stock had previously closed at $38.62.

Analysts Set New Price Targets

Separately, Truist Financial reduced their price target on shares of REX American Resources from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, December 9th.

REX American Resources Stock Performance

The company has a market cap of $646.11 million, a price-to-earnings ratio of 9.63 and a beta of 0.91. The stock’s fifty day moving average is $41.88 and its two-hundred day moving average is $43.69.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 EPS for the quarter, topping the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period in the prior year, the firm earned $1.49 earnings per share. On average, equities research analysts expect that REX American Resources Co. will post 2.93 EPS for the current year.

Hedge Funds Weigh In On REX American Resources

Several large investors have recently bought and sold shares of REX. GF Fund Management CO. LTD. purchased a new stake in shares of REX American Resources in the fourth quarter valued at about $200,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in REX American Resources by 23.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 47,035 shares of the energy company’s stock worth $1,961,000 after purchasing an additional 9,025 shares in the last quarter. State of Wyoming increased its stake in REX American Resources by 67.3% in the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company’s stock valued at $151,000 after buying an additional 1,454 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of REX American Resources by 3.5% during the 4th quarter. Systematic Financial Management LP now owns 717,303 shares of the energy company’s stock worth $29,904,000 after buying an additional 24,377 shares in the last quarter. Finally, Millennium Management LLC purchased a new position in shares of REX American Resources in the 4th quarter worth approximately $991,000. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Company Profile

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.