REX American Resources (NYSE:REX) Sets New 52-Week Low – Should You Sell?

REX American Resources Co. (NYSE:REX)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $34.19 and last traded at $34.45, with a volume of 14631 shares traded. The stock had previously closed at $36.29.

Analysts Set New Price Targets

Separately, Truist Financial restated a “buy” rating and set a $50.00 target price (down from $55.00) on shares of REX American Resources in a report on Thursday, March 27th.

REX American Resources Stock Down 0.9 %

The business has a 50-day simple moving average of $39.31 and a 200-day simple moving average of $42.34. The stock has a market cap of $631.88 million, a P/E ratio of 9.42 and a beta of 0.92.

REX American Resources (NYSE:REX) last posted its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.36. The business had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same period in the prior year, the firm earned $1.16 EPS. On average, analysts predict that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 26th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the energy company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of REX. Vanguard Group Inc. increased its position in REX American Resources by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,304,619 shares of the energy company’s stock worth $54,390,000 after acquiring an additional 5,149 shares during the period. Renaissance Technologies LLC grew its position in REX American Resources by 2.5% in the 4th quarter. Renaissance Technologies LLC now owns 876,003 shares of the energy company’s stock worth $36,521,000 after purchasing an additional 21,488 shares during the last quarter. Systematic Financial Management LP increased its holdings 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 purchasing an additional 24,377 shares during the period. Brown Advisory Inc. raised its position in shares of REX American Resources by 9.7% during the fourth quarter. Brown Advisory Inc. now owns 682,563 shares of the energy company’s stock valued at $28,456,000 after buying an additional 60,600 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in shares of REX American Resources by 14.1% in the fourth quarter. American Century Companies Inc. now owns 421,621 shares of the energy company’s stock valued at $17,577,000 after buying an additional 51,945 shares during the period. 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.